100% accurate crypto accounting for businesses

Import, Categorize, and Sync your crypto and fiat transactions with QuickBooks, Xero, Netsuite, Banana, and more!

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1. Import
Transactions

Import your transaction data from 150+ sources.
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2. Categorize
Transactions

Access and categorize your transactions effortlessly using automation, all in one place.
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3. Upload Journal
Entries

Connect to Quickbooks, Xero, and other ERPs* to upload all your transactions compliantly.
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Import your Transactions Accurately and Securely

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100% accurate
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80+ networks, 20+ exchanges and 100+ wallets supported
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1000+ Defi positions recognized
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Categorize your Transactions with Automation

Create rules to match your financial data with the right accounts, making your bookkeeping accurate and hassle-free.

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50+ transaction types and 10+ transaction filters for efficient sorting
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15+ rule parameters, highly customizable
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Save 10+ hours every month
Generate and download your report
Categorize

Generate and Download Reports

Quickly create and get reports on your transactions, cashflows, journal entries, and much more, all at your fingertips.

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20+ reports across accounting, financial performance and data organization
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10+ report parameters
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Create compliant Journal Entries directly to your ERP

Transform your accounting workflow by uploading journal entries in bulk to QuickBooks, Xero, Netsuite, Banana, and more - significantly reducing effort and minimizing errors.

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One-click upload
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Option to aggregate journal entries
Create compliant Journal entries to your ERP

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Crypto accounting Academy

The hub for CFOs, tax managers, financial controllers, and accountants to learn basic to advanced crypto accounting.

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What is cryptocurrency accounting?

Accounting for cryptocurrency  is the process of recording all crypto transactions into organized accounts on a regular basis. It ensures that records of any blockchain activity are accurate, up-to-date and comprehensive. Each type of crypto transaction, whether related to trading, staking or providing liquidity must be properly recorded.

The world of finance has been revolutionized by the advent of cryptocurrencies. As a result, traditional accounting standards such as GAAP and IFRS are being re-examined and applied in novel ways. For companies in this space, understanding the accounting principles for cryptocurrencies isn’t just a matter of compliance — it’s an opportunity to gain a competitive edge. Thus, businesses are forced to approach crypto bookkeeping on a case-by-case basis.

What challenges do businesses face with crypto accounting?

Most Web3 companies currently use manual methods to monitor transactions, wallet balances, and other on-chain activities because cryptocurrencies lack a centralized system to manage funds. These companies, including exchanges, funds, blockchain businesses, and brokers, often use multiple wallets or exchange accounts, each providing transaction histories in various formats. This diversity complicates tax reporting, as businesses must gather accounting data from numerous sources in different formats, making the process inefficient and time-consuming.

Common issues in crypto bookkeeping include challenges such as incorrect cost-basis calculations for transactions, leading to inaccurate profit or loss assessments critical for tax purposes. Other frequent problems are errors from manual entry in spreadsheets, mismatched transaction prices due to variable data sources, missed transactions from unreliable data fetching, and incorrect account and transaction labeling, all of which compound to significantly impact financial reporting and tax compliance.

Get started with crypto accounting

Start learning about crypto accounting with our most useful publications.

Crypto accounting 101

Crypto accounting 101

As a company incorporating crypto into its financial flows, it's essential to establish clear bookkeeping principles early on and utilize specialized tools for tracking transactions to prepare effectively for audits.

This article will focus on most basic knowledge about crypto accounting.
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How should we make  crypto bookkeeping in a proper way?
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Which tools are the most useful?
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How to prepare best for the audit process?
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What positive changes can we expect for the future?
Crypto asset accounting guide

Crypto asset accounting guide

Explore the complex and evolving nature of accounting for crypto assets, highlighting the differences between IFRS and US GAAP treatments and the challenges faced by standard setters in keeping up with rapid innovations in the cryptocurrency sector.
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Initial recognition and subsequent measurement of crypto assets
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Fair value measurement of crypto assets
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Tax considerations: calculating capital gains/losses
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Obtaining clean data for cost basis calculations
Crypto Accounting importance

Why Crypto Accounting is Crucial for Web3 Businesses

Advanced and automated crypto bookkeeping solutions are urgently needed to address the inefficiencies and inaccuracies of current manual methods in managing the complex and growing transactions within the $1 trillion cryptocurrency market.
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Initial recognition and subsequent measurement of crypto assets
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Problems & common issues faced in crypto bookkeeping
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Benefits of automated crypto bookkeeping
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The need for crypto bookkeeping and accounting software
Crypto accounting solution

How to Choose A Crypto Accounting Solution

Choosing the right crypto accounting software is crucial for finance leaders in the digital asset space, focusing on data quality, transaction classification, integration, reporting, accounting standards, security, and cost, according to discussions with experts from the Web3 CFO Club.
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Best crypto accounting software compared (2024 - updated)
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What makes a good crypto accounting software?
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Best practices when evaluating different crypto accounting software
Crypto bookkeeping for SMBs

Crypto Bookeeping for Small and Medium Businesses

Crypto bookkeeping is crucial for small and medium-sized businesses involved with cryptocurrencies, as it ensures accurate tracking of transactions, calculation of gains and losses, and compliance with tax regulations.
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Best crypto accounting software compared (2024 - updated)
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Calculating gains and losses
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Preparing crystal clear P/L reports
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Common challenges faced by small and medium-sized businesses
Debit and credit accounts

What are Debit and Credit Accounts in Accounting

Explore the fundamental concepts of debits and credits in cryptocurrency accounting, their role in double-entry bookkeeping to produce accurate financial statements, and discover common errors & the importance of specialized software in managing the complexities of crypto transactions.
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Understanding debits and credits
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Debits and credits in crypto accounting
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Practical real-life examples
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How dedicated crypto accounting software can help

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