MyFO is a newer family office platform built around data aggregation, document storage, reporting, and scenario modeling, with a family-first interface. FundCount is an accounting-first platform founded in 1999 that keeps the general ledger, partnership accounting, and AI capture of private fund documents under the reports. The choice is between a dashboard and the books.
This page compares the two across eight areas, then covers pros and cons, where MyFO still fits, and how to switch.
Key takeaways
- MyFO is a modern aggregation and reporting platform. It connects to more than 20,000 data sources, according to the company, stores documents, models scenarios, and tracks entities and ownership.
- FundCount keeps the books. Its general ledger, partnership accounting, and investment accounting sit under the reports, so figures tie to journal entries.
- MyFO’s materials describe no general ledger. If your accountant keeps the books elsewhere, someone reconciles the two.
- FundCount captures private fund documents with AI. Capital calls, statements, and K-1s post to the ledger with the source linked.
- FundCount publishes its prices. We found no published pricing for MyFO in the sources we reviewed.
Quick comparison table
| Area | FundCount | MyFO |
|---|---|---|
| Best for | Family offices that need the books, partnerships, and reporting on one record | Lean, multi-generational family offices that want aggregation, documents, and dashboards |
| Core architecture | Accounting-first | Aggregation, documents, and reporting |
| General ledger | Yes | Not described in sources reviewed |
| Partnership accounting and K-1s | Yes, with Section 704 allocations | Not described in sources reviewed |
| Private fund documents | AI extraction posted to the ledger | AI-powered document management; check extraction depth |
| Entities and ownership | Partnership model with look-through | Entity and ownership tracking |
| Data aggregation | Custodian, bank, and pricing feeds | 20,000+ sources, including banks, brokerages, and private equity |
| Planning | Commitments and cash flow history | Scenario modeling and benchmarking |
| Security | SOC 2 Type II examined hosting | Bank-level encryption |
| Published pricing | Yes | Not in sources reviewed |
“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.
MyFO vs FundCount comes down to one question
MyFO gives a family a clear, modern view of its wealth. FundCount gives the office its books, with the reports built on them. Decide which one you are missing.
FundCount
- Choose it if
- you need a general ledger, partnership accounting, and statements, with reports built on them
- What you get
- accounting-grade numbers the auditor and the principal both use
MyFO
- Choose it if
- your accountant keeps the books well and the family wants a clear, modern dashboard
- What you get
- aggregation, documents, scenario modeling, and reporting
Bottom line: if the books are the problem, a reporting platform will not solve it on its own; FundCount will. If the family mainly wants visibility, MyFO is a lighter option.
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.
MyFO
- How it works
- A family office platform that consolidates data, documents, and stakeholder management in one dashboard, built for lean, multi-generational teams; it raised a $3.5 million seed round in 2024.
Verdict: different jobs: MyFO for visibility and coordination, FundCount for the books and the reports built on them.
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.
MyFO
- How it works
- The materials we reviewed describe aggregation, reporting, and documents, not a general ledger.
Verdict: FundCount’s edge: a full ledger. With MyFO, the books stay in another system.
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.
MyFO
- How it works
- Analytics, benchmarking, and scenario modeling for strategic decisions.
Verdict: MyFO’s edge for scenario modeling; FundCount’s for performance calculated on posted ledger data.
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.
MyFO
- How it works
- Tracks legal entities and monitors ownership structures.
Verdict: FundCount adds the accounting for those structures: 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.
MyFO
- How it works
- A secure document vault and AI-powered management of investment and estate documents.
Verdict: test extraction depth. FundCount posts capital calls, statements, and K-1s to the ledger with the source 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.
MyFO
- How it works
- Real-time data from more than 20,000 sources, including banks, brokerages, and private equity, according to the company.
Verdict: MyFO’s breadth of connections is a strength; FundCount’s feeds land in the ledger, so aggregated data is also accounted for.
7) Reporting, stakeholders, 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.
MyFO
- How it works
- Customizable reporting and workflows adapted to each family’s governance and information-sharing preferences, with bank-level encryption.
Verdict: both serve family stakeholders; FundCount adds a single-tenant 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.
MyFO
- How it works
- Not published in the sources we reviewed.
Verdict: if you only need visibility, compare MyFO’s quote against FundCount’s published prices and scope.
Reports that are the books, not a view of them
FundCount keeps the general ledger, partnership accounting, and private fund documents under every report.
Pros and cons
FundCount pros
- A real general ledger under every report
- Partnership accounting through to K-1s
- Published pricing
FundCount cons
- More system than a family that only wants a dashboard needs
- Implementation is a project
- Higher starting price than lighter tools
MyFO pros
- Broad data connections (20,000+ sources)
- Scenario modeling and benchmarking
- Modern, family-first interface
MyFO cons
- No general ledger described
- No partnership accounting described
- Pricing not published in sources reviewed
Where MyFO still fits
MyFO still fits when:
- The family wants visibility and coordination, and the books are kept well elsewhere
- Scenario modeling for next-generation planning is a priority
- A lean team needs a quick, modern dashboard
Why FundCount is the better MyFO alternative
FundCount is the better MyFO alternative when the office needs its own books:
- The books and the reports are one record
- Partnerships, private funds, and K-1s handled in the ledger
- 27 years of investment accounting and published prices
“We never anticipated that a software solution could make us even more efficient, but FundCount did just that.” Marcie Odum, CFO, The Lupton Company (case study)
Switching from MyFO 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 MyFO
- 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 family office need to keep its own books?
- Yeschoose FundCount.
- Nogo to step 2.
-
Do you mainly need aggregation, documents, and scenario modeling?
- YesMyFO fits; revisit FundCount when the books or partnerships need a system.
- Nogo to step 3.
-
Do partnerships or private funds need allocations and K-1s?
- Yeschoose FundCount.
- Nocompare both on reporting and price.
Need the books, not just the dashboard?
FundCount publishes its starting prices, so you can check budget fit before a call. In the demo, we post a capital call to an entity’s ledger and show it in the family’s consolidated report.
FAQs
What is the difference between FundCount and MyFO?
MyFO aggregates data, stores documents, and provides reporting and scenario modeling. FundCount keeps the general ledger, partnership accounting, and fund accounting, and produces the reports from those entries.
Is FundCount a good MyFO alternative?
Yes, when the family office keeps its own books or has partnerships and private funds. If the family only needs a modern view of its wealth, MyFO is the lighter choice.
Does MyFO have a general ledger?
We found no general ledger described in MyFO’s materials. Its focus is aggregation, documents, reporting, and planning.
Is FundCount too much for a small family office?
Not if the office keeps its own books or has partnerships and private funds. If it only needs a dashboard, a lighter tool may fit better.
Which one publishes pricing?
FundCount publishes starting prices from $26,950 a year for multi-family offices and $35,899 for single family offices, plus fees. We found no published pricing for MyFO.
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 MyFO 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: MyFO’s 2024 seed announcement (PR Newswire), company profiles (CB Insights, Canadian Family Offices, Simple), and MyFO’s own descriptions quoted there; myfo.com did not respond to our checks. 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 MyFO, and MyFO did not review this page.
Published: October 2026.
