An excellent accounting system specifically designed for the family office. Specifically the ease of consolidation and the future capability for full partner accounting are the main drivers.

Integrates with Addepar and Banks, offers straightforward reconciliation tools, and provides customizable reporting.

My favorite feature in SumIt is the ability to record multi-entity transactions in a single entry. As our family office grew and we added more entities, we struggled to record inter-company transactions and were constantly opening and closing files, exporting reports, and comparing information across them. With Sumit’s software, we can record multi-entity transactions and then review the financial statements to confirm the balances agree. I also love that I can pull reports that show activity across all entities in one place, which makes it much easier to review everything together.