Does your accounting process feel like Groundhog Day?
Since the celebration of Groundhog Day is based in Pennsylvania, I thought it was appropriate that, as a PA native, I focus an article on the subject. In the movie …
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What Keeps Family Office Accountants Up at Night?
Family office accountants are faced with the unique challenge of balancing their data management workload with the demand for up-to-date, accurate reporting in the GL. Waiting for custodian data, ensuring …
Family Office Improves Operational Efficiency with KnowLedger™
“While the speed and input of all the detail is great, it’s the audit that lets me sleep at night.” When a 12-person family office in the Midwest needed a …
Canoe Intelligence Partners with KnowLedger™ to Optimize Alternative Data Management
NEW YORK OCTOBER 30, 2020 – Canoe Intelligence (“Canoe”), a financial technology company focused on reimagining data management processes for alternative investors and allocators, today announced a new partnership with …
KnowLedger™ Welcomes Bill Rouse
KnowLedger™ is pleased to announce that Bill has joined KnowLedger™ as its COO. Bill is a CPA with decades of operations, onboarding, and accounting expertise. He brings with him comprehensive …
Direct Custodian-to-General Ledger Integration Boosts Information Speed and Accuracy for Family Office Accountants
Family offices typically have a portfolio accounting system and a general ledger (GL). In some cases, the accountants running the GL pull the necessary data out of the portfolio system …
15 Mistakes That Family Offices Should Avoid in 2020
Here, we’ll focus on operational mistakes, office procedures, workflow, reporting, tools, staffing. As we all know, running a family office requires careful management and daily portfolio oversight with an eye …
3 Keys to Smooth Technology Evolution Inside Any Family Office
“May your choices reflect your hopes, not your fears.”– Nelson Mandela Every family office has choices to make. Technology is only one of them, but its impact can have ramifications on …
Family Office Resourcing – A Way Forward
The private nature of a family office creates a unique set of HR challenges. On the one hand, you must find individuals with the right mix of skills, background, experience, …
General Ledger and Portfolio Accounting – The Yin and Yang of Family Offices
Yin and Yang In Chinese philosophy, yin and yang describe how seemingly opposite or contrary forces may actually be complimentary, interconnected, and interdependent in the natural world, and how they …