Automatically sync your crypto transactions with QuickBooks
Are you manually tracking your Bitcoin and Ethereum transactions?
Crypto assets represent a new asset class. You can receive crypto assets as payment for services, issue them to raise money, and even pay your employees with them. These concepts are entirely independent of the requirements to track the cost basis on these assets and record gains and losses at each taxable event. In order to accurately track your crypto-related transactions in a scalable way, you need a system deliberately built for crypto.
CryptoSync is the first full featured accounting subledger for crypto. Our crypto-specific features are focused on the complexities inherent in accounting for crypto assets.
How does CryptoSync work with QuickBooks?
CryptoSync acts as your complete crypto subledger. Record all your crypto currency transactions using CryptoSync, which will automatically calculate your cost-basis and create journal entries for each crypto transaction. Summary journal entries will be created and posted daily to QuickBooks.
One summary journal entry per month will be posted to QuickBooks as to not overload your QuickBooks instance. You can view all individual journal entries in CryptoSync from the Reports tab or by drilling down into each crypto transaction.
Accounting for cryptocurrency
Cryptocurrency accounting at scale requires a system that's specifically designed for this new asset class. SoftLedger's core accounting features, including a multi-dimensional chart of accounts and customizable reporting, enable you to easily scale your accounting function as your organization grows.
Don't wait until it's too late. Start developing a world-class accounting process from day one.