Sage Intacct - Cloud Accounting for Family Offices

Single and multi-family offices need scalable financial management tools that meet ever-evolving wealth portfolio goals and diverse lifestyle requirements. From navigating complex multi-entity consolidation to the constantly changing regulatory ecosystem, Sage Intacct helps family offices seamlessly manage their financial processes and provide value to their owners by delivering insights as a single source of truth.
Akuna Solutions is the leading Sage Intacct partner in Australia, New Zealand and Singapore and the wider APAC region. We have helped numerous Family Offices globally take advantage of modern technology to improve service levels to owners while reducing costs.

What Family Office Finance Actually Needs

Family Offices are complex by nature. Your systems must manage entities, investments, cash movements, reporting, compliance, governance, multi-currency portfolios, and cross-border operations.

In addition, you may oversee trusts, foundations, or philanthropic activities. These introduce another layer of complexity, with fund accounting, allocations, distributions, compliance obligations, and reporting requirements.

Chances are you have outgrown existing systems, are manually consolidating data across entities and investments, and are struggling to get the visibility and control needed to manage wealth, risk and long-term performance.

Sage Intacct enables you to manage all your Family Office finance activities, anywhere in the world, in one system. No more reconciliations between disconnected entities, spreadsheets, and systems. One source of truth.

Intacct provides you with the platform that allows you to manage and grow with confidence.

Here are some of the ways in which Sage Intacct and Akuna can help transform the way you work:

Multi-entity, multi-currency platform. Sage Intacct natively supports unlimited entities within a single environment, which can be accessed with a single login (subject to each user's access rights). Each entity can have a different base currency, and transactions can be recorded in any currency.
Multi-tax solution. Transaction taxes (eg GST, VAT, etc) can be supported across most jurisdictions globally. Business Reduced Input Tax Credits (RITC) is natively supported.
Global consolidations. The consolidations module included in the core platform supports unlimited consolidations, each with specified entities, reporting currency, FX rates, etc. You can include entities in any number of consolidations, and Intacct supports multi-level and partial ownership consolidations.
Support for multiple accounting standards. It is possible to report on entities or consolidations across multiple accounting standards (e.g. both IFRS and GAAP).
Accrual and cash accounting. Family Offices are often required to report on activities based on both the Accrual and Cash accounting methods. Intacct supports this out of the box.
Multi-dimensional reporting. Use the Dimensions feature to report based on any combination of family member, fund / investment, property, project or virtually any other relevant categorisation.

Unlimited budgets and forecasts. Intacct supports unlimited budgets and forecasts, any combination of which can be included in financial reports. You can choose from an array of advanced budgeting tools to create virtually any modelling scenario.
Advanced workflows and approvals. You can configure advanced purchasing, sales and other workflows to align with your delegation of authority(ies), as well as maintain detailed audit trails and digital document records.
Advanced allocations. Set up rules to re-allocate transactions based on parameters such as head count, revenue, building size, etc.
Integration with external systems. Akuna has vast experience automating integration with treasury, investment, property management and other operational systems.
Further local regulatory and compliance support. There is support for Buyer Created tax Invoices, Taxable Payments Annual Reporting and numerous other local requirements. You can use the Reporting Accounts function to produce reports based on alternate charts of accounts for external reporting.
Philanthropic accounting. Intacct is used by thousands of non-profit organisations to manage grants, funding, cost and revenue tracking, acquittal reporting and associated activities.

Sage Intacct dashboards provide visibility into critical metrics that drive your business- like P&L, budget vs.actuals, cash, AUM and more.

What our customers say about us

Biarri Networks operates on multiple continents, providing end-to-end tech solutions for fiber, broadband and 5G network deployment. Key requirements for a new financial system included complex multi-national sales tax management, subscription and project billing management, global consolidations and complex reporting. We also required a platform that allows us to scale. Akuna delivered a world-class solution using Sage Intacct, that has met and exceeded our expectations.

Sam Thomson

Chief Financial Officer

We are Australia’s leading specialist recruitment agency, with multiple entities and divisions across all major centres. Akuna understood our business and provided an Intacct-based cloud solution that automates integration with our operational systems, transformed our period-end close and simplified complex group reporting and analysis. What used to take weeks is now done in hours.

Pezh Moradi

Chief Financial Officer

As a global business intelligence software vendor, we are on a mission to grow at scale and required an ERP solution to automate our business and support this growth. It needs to help eliminate multiple stand-alone systems, integrate with our CRM, automate subscription billing and payments, ensure compliance with global revenue recognition standards, produce consolidations and meet the reporting needs of our diverse stakeholders. Sage Intacct and Akuna have addressed these needs and given us a solution which allows our business to thrive as we scale!

Dave Boorman

Chief Financial Officer

Akuna assisted with integration work wherever we needed it and helped design the system to our advantage. A major win with Sage Intacct for us is the consistency and greater efficiency for reporting across entities.

Kirstie Jenkin

Business Systems Manager

Proven with Leading Family Offices

See how Morris Group transformed their finance operations with Sage Intacct

Morris Group is a leading Asia Pacific family office operating across multiple industries, entities, countries and currencies – creating significant complexity in consolidation and reporting.

As complexity increased, they needed a more scalable and integrated finance platform to support consolidation, reporting and growth.

Discover how Akuna successfully delivered a Sage Intacct implementation that brought their finance environment together and enabled real-time visibility across the group.

Family Offices