Fund accounting encompasses the management of financial records for various types of funds, including private equity funds, hedge funds, and nonprofit entities. To answer the question ‘how does fund accounting work,’ there are several considerations to keep in mind. First, these funds have distinct characteristics and accounting rules. For instance, private equity funds focus on…
A Single Source of Truth for Reinvented Fund Administration Reporting
What Makes FundCount’s Multi-Currency General Ledger Unique? Launching a fund administration business is not much different than starting any other entrepreneurial venture. It’s important to understand why the particular business is of interest to you, determine the upside potential, and be realistic about the barriers to entry and resources needed to get it off the…
The Power of a Single Source of Truth (SSOT)
A Single Source of Truth (SSOT) refers to the concept of having all critical information in one centralized location, accessible to everyone who needs it within an organization. It’s not a specific system or tool, but rather a desired state for your data, ensuring everyone works with the same accurate and up-to-date information. Key Takeaway:…
Enhancing Family Office Reporting
With FundCount’s Multi-Currency General Ledger Accounting and investment reporting are notorious pain points for family offices, but this needn’t be the case if technology is configured specifically for their needs. Ask any single or multi-family office what their primary accounting and reporting challenges are and you are likely to hear a litany of similar issues…
A Guide to Family Office Operations
A Roadmap for High Net Worth Families The journey of substantial wealth accumulation often ushers high net worth individuals and their families into uncharted territories. These new realms present both exhilarating opportunities and fresh challenges as the family adapts to the intricate dynamics of wealth. A crucial decision that may surface in this journey is…
Fund Administration vs Fund Accounting: A Comparative Analysis
Unraveling the Intricacies of Financial Management Within the intricate financial ecosystem, two pillars stand tall and can be expressed as fund administration vs fund accounting. Both intricately woven into the fabric of investment funds, their contributions to smooth operation can sometimes lead to confusion and conflation due to their interconnected natures. To pierce the veil…
5 Things to Consider When Starting a Fund Administration Business
Cornerstones for a Successful Fund Administration Launching a fund administration business is not much different than starting any other entrepreneurial venture. It’s important to understand why the particular business is of interest to you, determine the upside potential, and be realistic about the barriers to entry and resources needed to get it off the ground…
Mastering Data Literacy for Accounting & Portfolio Management
From Raw Numbers to Meaningful Insights Data literacy is about understanding and interpreting data, which is crucial in accounting and portfolio management. These fields are increasingly leveraging data, and systems are being designed to present this data in an understandable format. This allows professionals to extract insights for informed decision-making, efficient processing, and personalized investment…
Power BI’s Data-Driven Advantage for Family Offices
Transform Data into Compelling Insights with Mobile-First, User-Friendly Reporting Family offices and asset managers are constantly seeking sophisticated yet user-friendly online reporting solutions that empower their clients to make informed investment decisions. Power BI is just such a powerful yet intuitive tool that seamlessly integrates with other software, enabling its users to present and gain…
