#accounting-software

#accounting-software

Private equity firms operating in the UK face a uniquely complex accounting landscape. Between fund structures, special purpose vehicles (SPVs), regulatory requirements and investor reporting, financial management can quickly become overwhelming. For many firms, legacy systems and spreadsheets are no longer sufficient to support the level of accuracy, transparency and efficiency required. As a result, an increasing number of UK firms are turning to dedicated private equity accounting software to simplify fund and SPV accounting while improving control and compliance.

Family offices in the US managed $3.1 trillion worth of assets last year, according to a Deloitte report. That's more than the market caps of Meta and Tesla, combined. But many family offices manage all of those assets using relatively basic software, such as Excel and QuickBooks, as well as borderline prehistoric technologies like fax machines.

Wave positions itself as the go-to solution for freelancers and bootstrapped businesses. Its core accounting features come at no cost, making it incredibly attractive for startups watching every penny. However, you'll pay transaction fees when processing payments through its system. And if you want advanced features and lower transaction fees, prepare to upgrade to Wave Pro for $19 per month.

AccountTECH provides darwin.Cloud, a back-office software platform that combines commission tracking, reporting, and accounting with MLS and transaction data, designed to manage multiple offices and companies.

Sage has added AI-driven insights, automation, and improved connectivity to its Sage 50 accountancy and payroll product in a bid to drive SMB efficiency.