Every entity. Every account. One picture.
▶ Watch the 75-second family office video →
Complete monthly financial statements for the whole family: balance sheet, income statement and statement of cash flows for every company, trust and holding, consolidated into one combined statement. Our CPA-led team keeps the books in Baratelli Bankable, the firm’s own platform, and a US CPA reviews every package before it reaches you.
The operating company has its bookkeeper, the properties have a manager, the trusts have a trustee, and the collection lives in a spreadsheet, if anywhere. Ordinary software keeps each in a separate file and will not add them up.
We keep them in one set of books. Each entity closes on its own, the amounts the family and its companies owe one another are eliminated, and everything rolls into a single combined statement.
Balance sheet, income statement and statement of cash flows for each entity and for the family combined, with intercompany amounts eliminated.
The family business and each property entity closed every month, with the schedules a lender asks for already built.
Books and reporting for family trusts, including trusts with outside trustees, kept on the same monthly close as everything else.
Brokerage, private fund commitments and holding companies carried in the same books, so the family sees what it owns and what it has committed.
Art, jewelry, wine, cars and other collections inventoried with cost basis and owning entity, appraised and insured values on file, and photographs and documents kept with each piece.
Deeds, trust agreements, appraisals, policies and statements filed with the entity they belong to, so nothing has to be hunted down when it is needed.
A fixed monthly fee, quoted in writing once the family’s entities are mapped. No hourly billing.
Former family office CFO and public company CFO and controller. Phil has sat in the chair that answers to the family, and in the one that answers to the market. The firm gives families the same discipline: every entity closed on time, numbers a bank believes, and one clear picture of everything they own.
Author of The Family Office Reference Guide and Treasure Assets, published by the Baratelli Institute.
Baratelli CPA & Accounting, PLLC
751 East Dorchester Drive
Saint Johns, Florida 32259
