Managing cryptocurrency payments and accounting can be complex. Our Accounts Payable & Receivable platform works in tandem with our Accounting platform to cover the entire scope of your financial operations.
Invoicing, Payments, and Accounting–Working as One
Our platforms help you handle invoicing, payments, and accounting efficiently. Let’s go through an example case to showcase how a well-integrated solution like ours can simplify your finance operations.
1. Approve & Pay on the AP & AR Platform
Say you received a bill from one of your brand ambassadors for $1,000 USDC, payable on Polygon. You open the bill in Request Finance and add a tag to help you allocate it to the Marketing team:
As you currently only have USDC on Ethereum, you bridge it to the Polygon network first. Next, you approve and pay the bill.
2. Keep Track on Request Accounting
With your Polygon and Ethereum wallets already imported into Request Accounting, the platform automatically fetches both the bridging and payment transactions. With the bridging transaction linked, they’re now considered as an internal transfer.
Also, Request Accounting automatically:
- Links the payment transaction to your original bill
- Triggers your preset tag based rules to categorize the transaction with the correct debit and credit accounts
- Applies the correct tag from your bill
Stop wasting time, manually creating journal entries.
Automate your accounting now, and enjoy error-free reporting
3. Sync to External Accounting Tools
Finally, sync your categorized transactions, including any realized gains or losses, directly to your ERP system in seconds:
Key Benefits
Beyond the automatic categorization and tagging mentioned above, Request Accounting offers:
- Support for 10+ blockchains and 25+ exchanges
- Automatic splitting of batch payments for clearer records and easier bookkeeping
- Access 20+ detailed reports to analyze your balances and transactions throughout your financial history
- Monitor your token holdings and DeFi investments in real-time
- Direct exports to QuickBooks and Xero
- Multiple cost basis methods for flexible accounting
How to Get Started
Getting started is straightforward. Follow these steps:
- Schedule a demo with our team to learn about Request's complete solution
- Set up your tag-based rules for automatic categorization
- Perform an initial sync of historical transactions
From there, the system runs on autopilot, with invoice data shared between systems in real-time.
Try Request's complete solution free for 30 days to see how much time you can save by managing all your crypto finances in one place.
