Frequently Asked Questions

Investment accounting software provides all of the accounting functionality required to manage a wide range of exchange-traded or marketable securities – such as bonds, equities, options, futures and mortgage-backed securities. It should also support esoteric vehicles, including swaps, loans, other derivatives and CDOs.

Investment accounting software manages the interfaces with custodians and pricing vendors to include corporate actions and pricing. Reporting should include holdings/transactions to analyze performance, risk and attribution.

Family office software offers accounting and analysis for all investment types – from marketable securities to trusts, partnerships, holding companies and hard assets. It can also aggregate data across multiple family entities and custodians to facilitate consolidated financial, tax and performance analysis and “look through” nested entities to immediately produce individual or group exposure, asset allocation, performance reports or income/expense assignment.

Fund administration software offers accounting, analysis, reporting and online tools that are critical for meeting the needs of the fund administrator’s hedge fund and private equity clients. The software should support a wide range of asset types and provide integrated investment, partnership and general ledger accounting.

Fund administration software will have shareholder registry/transfer agency capabilities, calculate management and incentive fees and allow for many transaction types and corporate actions. Automated data import/export and workflow capabilities facilitate integration between third-party software applications. The software should also include extensive report customization.

Hedge fund accounting software offers accounting, analysis, reporting and online tools that are critical for meeting the needs of portfolio managers at, and the individuals or institutional investors of, hedge funds. Hedge fund accounting software must account for and analyze the global investments that form the core of hedge fund investing — equities, derivatives, currencies, swaps and fixed income.

The software should include a general ledger and be able to capture all fund-related income/expenses to produce a fund’s NAV. Flexible reporting – including tax reporting – is also key. The ability to provide “shadow accounting” of the fund administrator’s books using independent hedge fund accounting software is often required by larger hedge funds.

Private equity software generally takes one of two forms:.
  • Heavily “front office” focused, defined by investor relations and marketing needs. This type of software is oriented toward CRM, client/prospect communication and reporting that depends on importing data from investment accounting systems.
  • Mid-to-back office accounting/analysis systems that track all components and the entire life cycle of a private equity fund. This includes managing multiple investor capital accounts and calculating different management, performance and other fee structures across any number of partnership investment vehicles.
Both front- and back-office software systems should help the firm meet ILPA reporting standards.

Absolutely. Since most clients come from a spreadsheet-only environment, we have designed a report writer that makes it easy to translate spreadsheets into FundCount reports.

For spreadsheets that are extremely complex or unique, FundCount offers FC Custom Control. This optional module provides total customization for reports and output to make your firm unique.. Custom Control allows you to:

  • Use Excel® to create your templates
  • Integrate your design and calculations within FundCount
  • Link data directly from FundCount
  • Create export files for use with other systems
  • Create custom algorithms or formulas to:
    • Calculate complex waterfall structures
    • Handle unique fee structures
    • Run proprietary portfolio analysis reports
  • Save time through automation and reduce input errors
  • Have an audit trail for every change and every user
No, FundCount’s multicurrency general ledger is fully integrated with its partnership and portfolio accounting. Accounts and sub-accounts for each partner and investment instrument are automatically and dynamically added into the general ledger. Debit/credit journal entries from portfolio and partnership transactions are automatically posted to those accounts, bringing further operational efficiency to the accounting process. User-define custom accounts can also be added.
No. FundCount’s G/L is fully integrated with portfolio and partnership activity so there is no need to take the additional step of manual reconciliation. The G/L is the foundation of FundCount’s accounting – all transactions, accounts and investments are automatically and dynamically set up in the G/L when these are entered elsewhere in FundCount. Trial balance reports instantly show if portfolio and partnership data is problematic.
Yes, FundCount has interfaces with dozens of banks, brokers and custodians. FundCount uses its proprietary ETL (Extract-Translate-Load) tool to import data in virtually any format. Typically the source data are in Excel, QuickBooks or other systems, and can easily be translated to CSV or text. These formats and XML can be imported to FundCount.
No, all reporting is real time since FundCount doesn’t use a “closing-the-books” approach. Data is available on an as-of-date basis at any time. FundCount supports all industry-standard data safeguard processes like accounting period locks, user permissions, audit trails, etc.
Absolutely not. FundCount gives you total control over reporting. All data in FundCount is accessible and users have full control over reporting in virtually any format. From basic tabular to mixed table, chart and graph reports, FundCount users can produce any information for even the most demanding colleague or client. FundCount’s Report Encylopedia, which is available to our client community, offers hundreds of samples that can be added to your library.
If, after demonstrations and speaking with referrals, there is a need for more in-depth access to FundCount, we offer a Proof of Concept (POC). A POC allows you to test your data and reports in FundCount. You can take FundCount on “test drives” in guided sessions with us. We will do everything possible to give you objective insights to the system and your prospective life using it.
FundCount is installed, on-premises software. However, it can be used with commercially available hosting services such as IV Desk, Azure, Rackspace and Amazon. FundCount is host-agnostic, and users enjoy the same rich end-user interface regardless of deployment mode.
No. Although FundCount is an integrated portfolio, partnership and general ledger system with three available versions:, FC Portfolio, FC Partner and FC Integrated, features can easily be turned “on” or “off”, so you only need to license the system that meets your investing profile.

FundCount has a three-tier architecture: an SQL database, application server and a thin client. The software is written in pure Java. It can run on any platform, including Microsoft, Unix/Linux or Mac.

The desktop-like application, with multi-windows and multi-tasks, provides a very rich end-user experience. The software can be run over the internet via a web browser, without installing any plug-ins locally on a user’s machine.

FundCount's primary markets are single and multi-family offices, fund administrators, hedge funds and private equity firms. These are institutional applications with sophisticated needs – and FundCount is “big” software to meet these needs. The average entry license fee (an annual subscription) is approximately $20,000 USD. This includes customer support and ongoing maintenance releases or upgrades.