RSMUS.comAs family offices grow across generations, investments and jurisdictions, accurate and timely reporting becomes essential. Traditional spreadsheets and disconnected systems can’t keep up with dynamic ownership changes, multi-entity consolidations or requests for consolidated reports. Sage Intacct’s Advanced Ownership Consolidation addresses these challenges. It centralizes ownership schedules, entity relationships, results and logic in a flexible, configurable framework.
The platform automates complex calculations and adapts to changing ownership structures, ensuring precise currency rollups while delivering real time enterprise visibility. By replacing spreadsheets with a governed, rule-based process, leaders gain up-to-date, reliable insights to make confident, faster decisions.
Streamlined consolidation and ownership management
A single system standardizes data, automates calculations and produces compliant, auditable results. Sage Intacct eliminates risks from manual transfers, broken formulas or version issues. With the implementation of Sage Intacct, organizations gain accurate entries, clear ownership and faster tracked adjustments to consolidated results.
For organizations with global operations, Sage Intacct consolidates data into a single currency. It simplifies domestic consolidation with auto elimination. For global entities, it unifies them using exchange rates, eliminating complex and time consuming currency conversion.
Together, these approaches not only support fundamental reporting needs but also lay the groundwork for advanced ownership requirements.
Advanced ownership consolidation: Tailored for family offices
Family offices often have complex, multitiered ownership structures. Sage Intacct’s Advanced Ownership Consolidation module supports unlimited ownership tiers, automated rollups and systematic eliminations. This differentiates it from other solutions that may require external tools. The platform automates allocations and ownership calculations. It offers real time visibility across parents, subsidiaries and holdings. Its built-in audit trails, percentage tracking, effective dates and automated management of noncontrolling interests ensure accurate and compliant reporting without relying on manual calculations or separate systems.
This capability directly drives stronger compliance, clearer communication and greater operational efficiency across the organization.
Choosing the right consolidation method
Sage Intacct offers various consolidation methods to fit your governance and reporting needs:
- Full consolidation: Combines 100% of subsidiary financials when the parent has control, with automated eliminations.
- Consolidation with noncontrolling interests (NCI): Captures 100% of activity, allocating minority portions to NCI to avoid overstated income and equity.
- Equity method: Recognizes a proportional share of net income for significant, noncontrolling ownership, supporting multitier and shared structures.
- Proportional consolidation: Applies ownership percentages directly for management reporting, performance views and investment rollups.
Select the right method for each entity pair to ensure financial statements match economic reality and support decision making.
Disciplined Ownership Models and Automated Consolidation
Effective consolidation starts with clear, disciplined ownership modeling.
Best practices include:
- Clearly defining each entity’s relationship to its parents, including ownership percentage and consolidation method.
- Treating ownership structures as version controlled and tied to reporting periods.
- Maintaining historical traceability through divestitures, step acquisitions and new entities.
- Using a dedicated consolidation book to separate entries from operational accounting.
- Testing alternative structures and modeling potential changes before deployment.
By following this approach, organizations achieve accurate, scalable, audit ready reporting.
Automation accelerates the close process and reduces risk. Defining monthly ownership configurations and schedule consolidations with the close calendar. Enabling quick re-runs and updates. Validating ownership to prevent errors, support draft states and handle currency conversion. The system ensures a predictable, auditable process with minimal manual intervention.
The benefit of a streamlined process is the adjustments to change and minimizes manual effort, making operations even more efficient.
Visibility and reporting
Accurate reports matter only if they are accessible. Sage Intacct delivers instant, actionable insights with interactive ownership maps, stakeholder dashboards, standardized reports, status indicators, favorite configurations and centralized controls. Your finance and investment teams access information that is fast, reliable and consolidated.
Your teams have instant access to reliable, consolidated data whenever needed.
The business impact of advanced ownership consolidation
With automated consolidation, family offices move from reactive reporting to proactive management. This shift reduces risk and shortens close cycles. It also builds confidence, improves audit readiness and supports flexible ownership changes.
This strong foundation enables growth, smarter decisions and rapid insights for the most complex portfolios.
Ready to Transform Your Family Office Reporting?
RSM’s advisors can help you implement and optimize Sage Intacct Advanced Ownership Consolidation for your family office. Contact us today to schedule a consultation and discover how automation and expertise can elevate your financial management.
Christy Richardson
Christy is a manager in the technology consulting practice with over eight years of experience in Sage Intacct implementations and has been in consulting for over 15 years. Christy performs all aspects of the implementation including project management, identifying client needs and requirements, implementing the system and providing technical support post go-live. Christy has worked across industries but specializes in multi-entity environments, reporting and integrating with 3rd party systems.
Steph Hagstrom
Steph provides Sage Intacct technology consultation services to a variety of organizations. She has worked with many types of clients but focuses primarily on family offices. Steph has worked with Sage Intacct for more than 12 years and has been in the technology consulting practice for 6 years. Steph has worked closely on family office and not-for-profit engagements since her career started at RSM, including day-to-day accounting and maintaining client relationships. In her current role, Steph delivers advice and consultation regarding implementations, configures modules and creates financial reports.
