Crypto
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By Geoff and 1 other2 authors29 articles
- Crypto Cost Basis: Immateriality Threshold
- How does Run Cost Basis work?What happens when you press Run Cost Basis button
- Unused Crypto Transaction Cost Layers TableSee layers of crypto quantities that are yet to be liquidated
- Decimal Precision: cryptocurrency pricingTo input and view crypto module coin pricing to the desired decimal precision.
- Adding Dimensions to Crypto TransactionsAdd any system dimension to crypto transactions. CostCenter , Product , and Job plus the 3 extra custom dimensions.
- Wallet DetailReview the contents of the crypto wallet in softledger
- Coin DetailReview all Coin details, Wallet balances for the Coin, and all transactions with the Coin from the Coin Detail page.
- Bulk Crypto UploadLearn how to bring Crypto Transactions into SoftLedger in bulk through our bulk upload excel template.
- Crypto TradesRecord crypto trades in softledger
- Crypto TransfersTransfer crypto asset quantities between softledger wallets
- Crypto WithdrawalsLiquidate crypto assets as withdrawals to reduce crypto quantity held within your crypto module
- Crypto DepositsRecord a deposit type crypto transaction
- Crypto TransactionsCreate digital asset transactions in the softledger crypto module
- WalletsReview all crypto wallets in softledger
- Coins ListCreate Coins and their automated associated Ledger Accounts from here.
- Integration for Syncing Crypto Transactions from NODE40This article provides a detailed guide on how to set up and use the integration between SoftLedger and NODE40.
- How do I pay Bills with Crypto?Create a payable as a Bill where the expectation is to remit payment in a crypto asset
Crypto FAQs
Frequently asked questions regarding crypto
- How do I resolve cost basis errors?You may come across errors that cause this process to stop at a transaction that is unable to run through the cost basis process for various reasons.
- How do I convert a crypto provider export into the SoftLedger Upload template?A how-to guide to convert crypto data from a provider export into transactions within the SoftLedger Upload Template.
- What is Crypto Cost Basis?Running cost basis across crypto transactions to get fiat asset values and realized gain/loss.
- How do I record transactions with both fiat and crypto?Below describes two options for how to handle the recording of crypto and financial assets with the modules and tools offered by SoftLedger.
- How do I use custom coins in SoftLedger?SoftLedger makes use of Coins in the Crypto module to be able to identify the asset to create transactions against.
- How do I account for customer crypto holdings?For crypto asset exchanges and other companies holding crypto on behalf of customers, developing a scalable process for recording the appropriate assets and liabilities in your financials is critical.
- How do I create a receivable with Crypto?Laern to create a receivable as an Invoice where the expectation is to capture some form of revenue paid in a crypto asset
- How do I mark crypto assets to market?Bring fair market valuation of crypto holdings to your reporting through mark to market journals
- How do I record a Fee Only crypto transaction?Learn how to record a fee only crypto transaction in SoftLedger
- How Do I Account for Crypto Futures Trading?This article reviews a method of entering in the futures contract information in SoftLedger to capture and track the value of the contract and bring that value into your general…
- How do I create crypto transactions for margin trades?
- How do I record crypto derivative trades?SoftLedger’s flexibility allows for transactions to be tracked and accounted for in a variety of ways within the platform.