As the digital asset landscape matures, crypto companies face a complex set of challenges in finance and accounting. With the recent election, it’s clear that digital assets are becoming an increasingly integral part of the financial landscape with growing presence, adoption, and national focus. For companies using crypto in their operations, this means implementing compliant finance processes sooner rather than later through a native crypto accounting software. Traditional accounting tools like QuickBooks, Xero, NetSuite, and Sage Intacct, however, may not be equipped to handle the unique needs of crypto businesses.
With upcoming regulatory expectations, crypto companies need more than workarounds—they need a platform built to handle digital assets. SoftLedger, a robust mid-market general ledger with native crypto functionality, offers these capabilities and partners with leaders like Node40, Lukka, and Hyperion Labs to deliver customized, compliant solutions for every customer need.
Compliance-Ready Accounting in a Regulated Landscape
For crypto businesses, remaining compliant isn’t just good practice—it’s becoming a necessity. Traditional accounting software was not designed to handle crypto assets, and relying on third-party plugins doesn’t fully address compliance demands. SoftLedger’s native crypto functionality and extensive partnership network provide the tools crypto companies need to meet today’s requirements—and tomorrow’s.
- Integrated Compliance Controls: With SoftLedger, companies can establish internal controls, track digital asset transactions, and document compliance measures—all within a single platform.
- Real-Time Audit Readiness: With SoftLedger, crypto companies can produce audit-ready reports whenever necessary, saving time and effort. Plus, our partnerships with companies like Lukka, Node40, and Hyperion Labs mean clients can extend these compliance features even further if their operations demand it.
Native Crypto Functionality: No Workarounds Required
Legacy software providers fall short with digital assets, leaving crypto companies reliant on cumbersome workarounds. By contrast, native crypto accounting software like SoftLedger enables straightforward, accurate tracking of crypto transactions and assets.
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- Comprehensive Crypto Transaction Support: SoftLedger records crypto transactions, manages multiple assets, and tracks gains and losses natively—no plugins or add-ons required.
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- Digital Asset and Wallet Management: Crypto companies frequently deal with multiple digital assets. SoftLedger supports these assets and wallet management within a single platform. Additionally, our collaboration with crypto subledgers like Lukka, Node40, and Hyperion Labs extends the range of integrated solutions we can offer customers, from payment tracking to streamlined reporting.
Mid-Market Power: A True QuickBooks Alternative
While QuickBooks and Xero are popular for small businesses, many mid-market crypto companies require greater power and adaptability. SoftLedger provides this capability, positioning itself as an accounting solution that can meet the demands of growing businesses.
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- Advanced Reporting and Analytics: SoftLedger offers detailed financial insights that help companies make data-driven decisions. Partnering with Node40, Lukka, Hyperion Labs, and others means even more analytics tools are available for SoftLedger clients to integrate into their financial workflows.
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- Customizable General Ledger for Complex Operations: As a mid-market general ledger solution, SoftLedger is equipped to handle complex operational requirements, integrating seamlessly with other systems and allowing flexibility as companies scale.
Preparing for a Crypto-Driven Future
In a world where crypto regulations are increasingly defined, companies dealing in digital assets need accounting software built for their needs. QuickBooks and Xero, while adequate for small businesses, simply can’t keep up with regulatory expectations for crypto accounting. With SoftLedger and our partnerships, you’re equipped to meet the demands of today and tomorrow.
Crypto companies seeking a scalable, compliant, and feature-rich accounting solution need look no further than SoftLedger. With native crypto functionality, deep integrations, and partnerships with industry leaders like Node40, Lukka, and Hyperion Labs, SoftLedger enables mid-market crypto companies to manage finances confidently and efficiently.
