Multi-Entity Consolidation Software for Family Offices
SumIt runs every consolidation type your entity structure requires, across trusts, LLCs, partnerships, and holding companies, from a single login and without a single spreadsheet.
Close the books for each entity
Export them all to a separate spreadsheet tab
Manually calculate eliminations
Apply partial ownership percentages with custom formulas
Not all consolidations are the same, and SumIt doesn't treat them that way.
Full Consolidation
Simple Combine
Equity Pick-Up
Net Worth Statement
Generate each view without rebuilding anything from scratch.
Within a full consolidation, SumIt gives you precise control over how your output is structured. There are three ways to view it:
Single top-level view: Everything rolls up into one unified statement. You see the consolidated whole, with no entity breakout.
Direct children only: Each entity one level below the consolidation shows as its own consolidated column, and nothing beneath that tier breaks out separately.
Full detail view: Every entity at every level stays visible alongside the consolidation, so you get the granular breakdown and the rolled-up total in one place.
The most tedious part of any consolidation, handled automatically.
In a traditional Excel consolidation, removing intercompany transactions means identifying every journal entry that crosses entity lines and building elimination columns by hand.
SumIt knows your entity structure natively. When you run a consolidation, it identifies and removes inter-entity journal entries automatically, using the intercompany flags your entries already carry.
Across our multi-entity clients, roughly 97% of inter-entity journal entries are system-generated, and SumIt refuses to post an entry whose sides do not match. Clean entries make clean eliminations.
"We’ve been able to migrate complex clients (150+ entities) and make reporting as easy as a click of a button."
Phil Boscarino
Director of Family Office Services at Mariner Ultra
Financial Consolidation FAQ for Family Offices
What types of consolidations does SumIt support?
SumIt supports four consolidation types purpose-built for family offices: full consolidation, simple combine, the equity method, and the net worth statement.
How does SumIt handle inter-entity eliminations in a consolidated report?
Can SumIt consolidate entities with partial ownership structures?
How is SumIt's consolidation different from doing it in QuickBooks or Excel?
Do I need to reconfigure anything to run a different type of consolidation report?
What is financial consolidation software?
What is the best financial consolidation software for a family office?
Try SumIt Today
Modernize Your Back Office, Today.
See the consolidation software live: bring your entity structure to a demo and we will run your consolidated reports in front of you. Most clients go live in as early as six weeks.
