General Ledger Accounting

General Ledger

Posting and reconciling the day-to-day transaction activities for a High Net Worth investor can be a laborious and time-consuming process. Unlike other cumbersome systems, our general ledger is fast and simple to use, offering class-leading features not found in other software packages.

Financial Navigator allows you to:

  • Track assets, liabilities, expenses, income and equity accounts.
  • Manage bank, credit card, and brokerage accounts.
  • Handle invoicing and bill payment.
  • Use a fully customizable chart of accounts.
Partnership Accounting Functionality

Partnership Accounting

Accounting for partnerships can present a complicated and confusing challenge. Our software helps you allocate distributions and generate financial reports for entities or partners. Use our system to track each partner's cost basis, tax basis and fair market value as well as each one's share of the profits, even if that ownership percentage changes during the year.

Financial Navigator allows you to:

  • Allocate distributions to partners including income, expenses, and gains & losses.
  • Create reports for the partnership as well as the individual partners.
  • Track "inside and outside basis", as well as each partner's cost/tax basis and fair market value.

Portfolio Accounting

Portfolio Accounting

Our software can track marketable securities, private equity, venture capital, oil & gas holdings, real estate, collectibles and everything in between. Our investment accounting features can also aggregate results from multiple managers and portfolios across different entities.

Financial Navigator allows you to:

  • Track marketable securities, mutual funds, bonds and other marketable investments. Our data retrieval features update market values and download transaction activity direct from your financial institutions.
  • Account for private partnerships, hedge funds, private equity, venture capital and other alternative investments. With this data, the reporting features will provide a wealth of insight into your clients' portfolios.
  • Real estate investments such as land, homes, and commercial property can also be revalued, depreciated, bought and sold within the system.
Intercompany Accounting

Intercompany Transactions

Our intercompany transaction function makes transfers, distributions and payments among your various entities a breeze. Instead of having to switch from one entity to another in order to individually record all of the related journal entries, our software allows you to record and allocate a transaction across all of the affected entities with a single entry.

What activities can be streamlined?

  • Payments made through operating companies on behalf of related entities.
  • Distributions to various partners in joint ventures.
  • Transfers of funds between entities.
  • Contributions by individuals to partnerships and foundations.

Trust and Estate Accounting Features

Trust and Estate Accounting

Account for assets' principal and income separately, while easily managing cash disbursements to vendors and beneficiaries. Our software contains features tailored to meet the singular needs of fiduciaries, beneficiaries and trustees.

Trust and Estate Accounting Guides

As our nation’s populace ages, unprecedented amounts of personal wealth will be transferred to the next generation. The majority of this wealth transfer will involve the use of trusts and estates. To assist our users, we have written two white papers on the subject of accounting for trusts and estates:

  • Trust & Estate Accounting Overview - This short, six-page white paper provides an overview of the important issues in accounting and reporting for trusts and estates.
  • Trust & Estate Accounting Details - This 81-page document illustrates how our software is used to properly report fiduciary accounting income and record the appropriate allocation of principal and income.

Private Foundation Accounting

Private Foundation Accounting

Our system is designed to accommodate the special accounting requirements for private foundations. The comprehensive chart of accounts structure allows for separately tracking income and expenses, as well as assets, whether they are related or unrelated to the charitable purposes of the foundation.

Foundation Accounting

The team at Financial Navigator takes great pride in working with our clients who pursue philanthropic objectives. To assist our users, we have created two documents related to the family foundation:

Check Printing

Check Writing

Make printing checks from multiple accounts easier, more efficient, and more cost effective than ever before. Print payments, including MICR-encoded account and bank routing numbers, directly on blank check stock.

Comprehensive Reporting

Next: Comprehensive Reporting

See Financial Navigator's powerful reporting »

Product Demo