Asora is a reporting-first family office platform with data aggregation, private asset tracking, documents, a mobile app, and published prices. FundCount is an accounting-first platform founded in 1999 that keeps a double-entry general ledger, partnership accounting, and fund accounting under the reports. Both publish their prices, which makes this a comparison of scope as much as cost.
This page compares the two across eight areas, then covers pros and cons, where Asora still fits, and how to switch.
Key takeaways
- Asora is reporting-first, with book cost accounting. It tracks tranche-level book cost and private assets and converts capital calls and K-1s into data, but it does not describe a double-entry general ledger.
- FundCount is accounting-first. Its general ledger, partnership accounting, and K-1s sit under the reports, so the books and the reports are one record.
- Both publish prices. At the $50 to 100 million bracket, Asora lists $15,600 a year plus onboarding; FundCount’s single family office plan starts from $35,899 plus fees.
- FundCount goes deeper on partnerships. Capital accounts, waterfalls, nested ownership, and K-1s with Section 704 allocations.
- Choose by need. Reporting on books kept elsewhere: Asora. Books and reporting on one record: FundCount.
Quick comparison table
| Area | FundCount | Asora |
|---|---|---|
| Best for | Family offices that need the books, partnerships, and reporting on one record | Family offices that want automated reporting, aggregation, and documents at a published price |
| Core architecture | Accounting-first | Reporting-first with book cost accounting |
| General ledger | Yes: double-entry, multi-entity, multi-book | Tranche-level book cost accounting; double-entry ledger not described |
| Partnership accounting and K-1s | Yes, with Section 704 allocations | Not described |
| Private fund documents | AI extraction posted to the ledger | Capital calls, K-1s, and statements converted to structured data |
| Look-through and consolidation | Yes | Ownership modeling and consolidation across structures |
| Data aggregation | Custodian, bank, and pricing feeds | Guaranteed connection to banks with a data feed |
| Portal and mobile | Single-tenant investor portal with MFA | Mobile app; MFA |
| Security | SOC 2 Type II examined hosting | ISO 27001 (BSI); GDPR |
| Published pricing | Yes, by firm type | Yes, by AUM bracket |
“Check with vendor” means we found no public statement, not that the capability is missing. Competitor details come from its public pages and announcements reviewed in October 2026.
Asora vs FundCount comes down to one question
Asora gives you fast, automated reporting at a known price. FundCount gives you the books, with the reports built on them. Decide whether you need reports on top of the books, or the books themselves.
FundCount
- Choose it if
- you need a double-entry ledger, partnership allocations, and statements
- What you get
- reports that are the books, not a view of them
Asora
- Choose it if
- your accountant keeps the books well and you want fast, automated reporting
- What you get
- aggregation, private asset tracking, documents, and a mobile app
Bottom line: Asora is a strong, transparently priced reporting platform. When the books themselves need a system, FundCount is the better fit.
1) Core positioning
FundCount
- How it works
- An accounting-first platform, founded in 1999, that keeps the general ledger, investment and partnership accounting, AI document capture, and reporting on one record for family offices, fund administrators, and funds.
Asora
- How it works
- Family office software for single and multi-family offices: aggregation, performance monitoring, accounting, private assets, documents, workflows, and a mobile app, with the full platform in every tier.
Verdict: Asora covers more than reporting, but FundCount starts from the ledger. The difference shows in accounting depth.
2) Accounting and general ledger
FundCount
- How it works
- A real-time, multi-entity, multi-currency general ledger with GAAP, IFRS, tax, and management books from one trial balance, and consolidated or entity-level financials at any date.
Asora
- How it works
- Tranche-level book cost accounting for precise cost basis across multiple purchases of a security. Its site does not describe a double-entry general ledger.
Verdict: FundCount’s edge: a full double-entry ledger with multi-book and multi-entity consolidation.
3) Portfolio accounting and performance
FundCount
- How it works
- Positions, prices, accruals, corporate actions, and tax lots for every asset class post to the same ledger, and IRR, TVPI, TWR, and attribution are calculated on the posted data.
Asora
- How it works
- Performance monitoring across liquid and illiquid assets, with book cost tracked by tranche.
Verdict: comparable for monitoring; FundCount calculates performance on posted ledger data, so it ties to the trial balance.
4) Entities, partnerships, and look-through
FundCount
- How it works
- Partnership accounting for trusts, LLCs, and partnerships: capital accounts, nested ownership, waterfalls, partial transfers, and K-1s with Section 704 allocations, plus consolidated look-through reports.
Asora
- How it works
- Model ownership, link entities, and consolidate across structures, from individual holdings to the consolidated family view.
Verdict: both consolidate. FundCount adds partnership accounting: capital accounts, allocations, waterfalls, and K-1s.
5) Private funds and documents
FundCount
- How it works
- AI Document Intelligence watches email and GP portals, extracts capital calls, distributions, capital account statements, and K-1s, and posts them to the ledger with the source document linked.
Asora
- How it works
- Records commitments, invested capital, capital calls, and distributions, and converts capital calls, K-1s, and investor statements into structured data automatically.
Verdict: close on capture. FundCount posts the extracted data as journal entries with the source document linked.
6) Data aggregation and integrations
FundCount
- How it works
- Custodian, bank, and pricing feeds land in the same book through data aggregation; data flows out to Power BI, Tableau, or Snowflake by REST API or scheduled extracts, and entries can post to QuickBooks or Sage Intacct.
Asora
- How it works
- A guaranteed connection with any bank that has an available data feed.
Verdict: Asora’s connection guarantee is a strength. FundCount’s feeds land in the ledger and flow out to BI tools and other systems.
7) Reporting, mobile, and security
FundCount
- How it works
- Principal dashboards, partner statements, and audit-ready trial balances from one record; a branded, single-tenant investor portal with MFA and role-based access; SOC 2 Type II examined hosting.
Asora
- How it works
- Customized reports in minutes, document management, workflows, a mobile app, MFA, encryption at rest and in transit, and ISO 27001 certification by BSI.
Verdict: Asora’s edge: a mobile app and ISO 27001. FundCount’s edge: a single-tenant investor portal for partner statements and K-1s, and SOC 2 Type II examined hosting.
8) Pricing and total cost
FundCount
- How it works
- Published starting prices: from $35,899 a year for single family offices and $26,950 for multi-family offices, plus digital transformation and hosting fees. See FundCount pricing.
Asora
- How it works
- Published by AUM bracket, with unlimited users and no feature gating; at the $50 to 100 million bracket, $15,600 a year plus a one-time $3,900 onboarding fee, with priced add-ons for extra aggregation and private cloud hosting.
Verdict: Asora costs less at smaller brackets; FundCount’s price covers the ledger and partnership accounting that Asora does not describe.
When the books need a system, not just a report
FundCount keeps a double-entry ledger, partnership accounting, and private fund documents under every report.
Pros and cons
FundCount pros
- Double-entry ledger under every report
- Partnership accounting with K-1s
- Single-tenant investor portal
FundCount cons
- Higher starting price than Asora at smaller sizes
- Implementation is a project, not a quick setup
- More accounting than a reporting-only office needs
Asora pros
- Published, AUM-based pricing with unlimited users
- Automated aggregation with a bank connection guarantee
- Mobile app, workflows, and ISO 27001
Asora cons
- No double-entry general ledger described
- No partnership accounting or K-1 generation described
- Price rises with the AUM bracket
Where Asora still fits
Asora still fits when:
- Your accountant keeps the books well and you want reporting on top
- You value a mobile app and a fast setup
- Transparent, AUM-based pricing suits your budget
Why FundCount is the better Asora alternative
FundCount is the better Asora alternative when the books themselves need a system:
- The books and the reports are one record, so nothing needs reconciling
- Partnership accounting, waterfalls, and K-1s in the ledger
- Extracted fund documents post as journal entries with the source linked
“FundCount freed up our time spent updating the database and made the process far less prone to human error. Now we can trade when the market blinks without dreading tomorrow’s data entry.” Investment Analyst, Horseferry Trading (case study)
Switching from Asora to FundCount
A move is a project, not a download. FundCount describes a multi-family office that moved 743 investors and 14 entities off Excel and QuickBooks in 11 weeks; plan yours around these four stages.
1. Map entities and ownership
- Export the chart of accounts and entity list from Asora
- Rebuild nested ownership in FundCount’s partnership model
- Decide which books need GAAP, IFRS, or tax bases
2. Load positions and history
- Opening positions, tax lots, and cost basis by entity
- Private fund commitments and cash flow history
- A parallel close to compare results
3. Connect feeds and documents
- Custodian and bank feeds
- GP portal and email capture for fund documents
- Portal users and permissions
4. Rebuild reports and go live
- Principal dashboards and partner statements
- Audit-ready trial balance and GL detail
- Sign-off from your accountant before cutover
Decision tree
Answer these in order.
-
Does the office keep its own books?
- Yeschoose FundCount.
- Nogo to step 2.
-
Do you need partnership allocations or K-1s?
- Yeschoose FundCount.
- Nogo to step 3.
-
Is a low, published price for reporting the priority?
- YesAsora fits; revisit FundCount when the books need a system.
- Nocompare both on depth; FundCount also publishes its prices.
Compare scope, not just price
FundCount publishes its starting prices, as Asora does. In the demo, we post a capital call as journal entries and show it in the family’s consolidated report.
FAQs
What is the difference between FundCount and Asora?
Asora is reporting-first, with aggregation, book cost tracking, private assets, documents, and a mobile app. FundCount is accounting-first, with a double-entry general ledger, partnership accounting, and fund accounting under the reports.
Is FundCount a good Asora alternative?
Yes, when the office needs its own books or has partnerships that need allocations and K-1s. For reporting on books kept elsewhere, Asora is a strong, lower-cost choice.
Does Asora have accounting?
Asora offers tranche-level book cost accounting. Its site does not describe a double-entry general ledger or partnership allocations.
How do the two compare on price?
Both publish prices. Asora prices by AUM bracket, for example $15,600 a year at $50 to 100 million plus a $3,900 onboarding fee; FundCount starts from $35,899 a year for single family offices and $26,950 for multi-family offices, plus fees.
Can FundCount replace Asora and our accounting system at once?
Yes. FundCount combines the general ledger, partnership accounting, data aggregation, and reporting.
How long does a switch take?
It depends on entities and history. FundCount describes a multi-family office that moved 743 investors and 14 entities in 11 weeks.
Methodology
What we compared: FundCount and Asora across the eight areas family office buyers ask about most: positioning, accounting, performance, entities and partnerships, private fund documents, data aggregation and integrations, reporting and security, and pricing.
Sources: Asora’s public product, security, and pricing pages, reviewed October 21, 2026. FundCount capabilities come from FundCount’s product documentation. Verdicts are our editorial assessment. We publish FundCount, so weigh our verdicts accordingly; we did not run hands-on tests of Asora, and Asora did not review this page.
Published: October 2026.
