Family office accounting software has to hold a structure most packages were never designed for: trusts, partnerships, operating companies and personal holdings, each with its own books and all of them reporting to the same family. Lucentive helps family offices choose a system that consolidates them, then implements it.
Every entity on one ledger
- Trusts, LLCs, partnerships and holding companies set up as entities with shared reporting.
- Consolidated and entity-level statements from the same transactions.
- Intercompany loans and charges recorded once and eliminated at consolidation.
Bill pay and approvals with controls
Invoices for each entity and family member are approved in the system and paid through your bill-pay tool, with an audit trail that shows who approved what. Recurring payments for each household follow the same approvals.
Investment platforms connected
Investment and performance reporting stay in the platforms built for them. The general ledger holds the accounting, and the two are connected rather than reconciled by hand. Capital calls and distributions are recorded against the right entity.
A private, honest assessment
The fixed-fee ERP advisory compares the options against your own structure and can end with keeping what you have.
Common questions
Can personal holdings and operating companies share one system?
Yes. Each sits as its own entity with its own statements, and consolidated reporting draws on all of them without mixing their books.
Who sees what?
Access is set by entity and role, so family members, staff and advisers see only the entities they are meant to.
Can the family office keep its current accountant or CPA?
Yes. Outside accountants get access to the entities they work on, and tax preparation draws on cleaner books than before.
How long does a family office implementation take?
It depends on the number of entities and how much history moves. The advisory sets the scope and timeline before any work starts.
Is our data kept private?
Access is limited by entity and role, and the system records who changed what and when.
How we work
- Assess: a fixed-fee advisory, usually two to four weeks, built from your actual close and ending in a recommendation you can act on.
- Implement: chart of accounts, integrations and data migration, proved by a parallel close before go-live.
- Support: the principal consultants who built the system stay on after launch.
Related services: ERP for Financial Services Firms and ERP for Private Equity Portfolio Companies. Or see all our ERP consulting services.