Crypto FAQs
Frequently asked questions regarding crypto
By Geoff1 author12 articles
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.