I evaluated cryptocurrency accounting software based on how effectively each platform tracks crypto transactions, converts crypto to fiat, supports multiple assets, and generates accurate tax reports. I also considered whether the system includes a general ledger to manage both crypto and fiat activity in one place.
Here are my top recommendations for the best cryptocurrency bookkeeping software:
| Provider | Best for | Starting monthly price |
|---|---|---|
| SoftLedger | Scalable, multi-entity crypto accounting | Quote-based |
| QuickBooks Online | Crypto accounting with Gilded integration | $38 |
| Cryptio | Users needing automated crypto workflows | Quote-based |
| Cryptoworth | Detailed crypto portfolio tracking without full accounting | $300 |
My methodology
I evaluated cryptocurrency bookkeeping software based on how well each platform supports businesses handling digital assets. I focused on these key areas:
- Cryptocurrency management features: I looked at whether the system supports multiple cryptocurrencies, tracks portfolios in real time, and converts crypto to fiat accurately.
- Core accounting functionality: I checked for general ledger capabilities to manage both crypto and fiat transactions in one system.
- Integration and ecosystem fit: I reviewed integrations with platforms like QuickBooks and Xero, along with compatibility with exchanges and wallet tracking tools.
- Pricing and plan value: I compared pricing tiers to see how features align with cost at different business stages.
- Scalability and compliance: I examined how well each solution adapts to growth and whether it aligns with standards like GAAP and IFRS.
Why you can trust Fit Small Business
- Quick comparison of the best cryptocurrency bookkeeping software
- SoftLedger: Overall best cryptocurrency accounting software
- QuickBooks Online: Best cryptocurrency accounting software when integrated with Gilded
- Cryptio: Best cryptocurrency integration for Xero users
- Cryptoworth: Best for detailed portfolio tracking without the need for extensive general accounting
- Frequently asked questions (FAQs)
Quick comparison of the best cryptocurrency bookkeeping software
| Monthly pricing | General ledger | Supports multiple cryptocurrencies | Tracks portfolio in real-time | Auto-converts between crypto and fiat | |
|---|---|---|---|---|---|
| SoftLedger | Custom quote | ✓ | ✓ | ✓ | ✓ |
| QuickBooks Online | $38 to $275 (plus fee for Gilded integration) | ✓ | Via Gilded integration | Via Gilded integration | ✕ |
| Cryptio | Custom quote | ✕ | ✓ | ✓ | ✕ |
| Cryptoworth | $300 to $1,000 or custom quote | ✕ | ✓ | ✓ | ✕ |
SoftLedger: Overall best cryptocurrency accounting software
Pricing & other deciding factors
| Monthly pricing |
Price is quote-based. Contact sales to get a quote. |
|---|---|
| Number of users | Three for all plans; can request customization for additional seats |
| Discount | ✕ |
| Free trial | 14 days; no credit card required |
| Customer support channels | Phone support, email, and online guides |
Why I like it
I see that SoftLedger is not built exclusively for cryptocurrency accounting, but it includes a dedicated module that supports both crypto and traditional transactions within a full general ledger system. This setup makes it suitable for businesses managing digital assets alongside standard financial activity.
I also notice that it supports multi-currency reporting, allowing crypto balances to be translated into fiat for financial reporting purposes. It connects to wallets and exchanges through integrations to import transactions and reconcile crypto activity alongside fiat accounts, which helps maintain a complete and traceable record.
This structure supports audit-ready reporting, as the system tracks transaction history and automates calculations like gains and losses for compliance. However, I do not see support for directly accepting crypto payments. If receiving crypto from customers is a priority, QuickBooks Online with Gilded integration provides invoicing with built-in crypto payment acceptance.
Standout features
- Crypto asset management: Converts crypto transactions into journal entries that flow into financial statements, while supporting multiple wallets, exchanges, and entities.
- Reporting: Tracks crypto transactions at scale and automatically maintains cost basis, including transfers across wallets and exchanges.
- Consolidated accounting: Combines activity across entities to generate real-time consolidated reports for multi-entity operations.
- Multi-currency support: Handles both crypto and fiat currencies within one system, allowing you to track gains, losses, and reconciliations across regions and entities.
- API access: Provides a fully integrated API, making it possible to customize workflows and connect with internal systems.
QuickBooks Online: Best cryptocurrency accounting software when integrated with Gilded
Pricing & other deciding factors
| Monthly pricing |
|
|---|---|
| Number of users | 1 to 25 |
| Discount | 50% off for three months; unavailable with a free trial |
| Free trial | 30 days; no credit card required |
| Customer support channels | Phone support, live chat, chatbot, and self-help guides |
Why I like it
QuickBooks Online already performs well as a general accounting system, but the Gilded integration is what makes it practical for crypto. It brings crypto and fiat activity into the same workflow, so transactions flow in without constant manual entry.
I find that reporting stays consistent with or without crypto in the mix. You can still run profit and loss statements, balance sheets, and detailed activity reports, while Gilded handles crypto invoicing and lets you control how those transactions hit your chart of accounts.
Where this setup really stands out is payment collection. You can accept crypto directly through invoices, which is something not all platforms support. If the focus shifts more toward converting and valuing crypto for reporting, SoftLedger takes a different approach with built-in crypto-to-fiat handling.
Standout features
- Reconciliation tools: Use the reconciliation tools to view blockchain transactions and quickly repair any discrepancies.
- Excellent invoicing and payment syncing: Customize invoices within QuickBooks; the Gilded integration allows crypto payments for invoices by automatically syncing with QuickBooks for reconciliation.
- Crypto bill pay: Accept both credit cards and crypto payments in one place via Gilded.
- Customization of crypto transactions: Set the QuickBooks customer, tax code, memo, and transaction type manually, or create an automatic rule.
- Class and location tracking: Effectively track gains and losses by activity, cryptocurrency, or locations via QuickBooks Online.
- Bookkeeping support: Take advantage of QuickBooks Online’s vast network of ProAdvisors who can provide you with assisted bookkeeping support. For instance, you can find a QuickBooks ProAdvisor who can help you set up the Gilded integration and set up QuickBooks for tax compliance.
Cryptio: Best cryptocurrency integration for Xero users
Pricing & other deciding factors
| Monthly pricing |
|
|---|---|
| Number of users | 1 to unlimited |
| Discount | ✕ |
| Free trial | 14 days, but a Xero subscription (Growing plan, $42 monthly) is required for full bookkeeping. |
| Customer support channels | Help center, live chat, email support |
| Average user review rating | No reviews as of this writing |
Why I like It
If you use Xero and are starting to handle cryptocurrency transactions or accept crypto payments, integrating it with Cryptio creates a more complete workflow. It brings crypto activity into Xero so transactions can be recorded and treated similarly to standard payments, while also supporting detailed tax reporting for compliance.
I also see that it pulls transaction data from multiple sources, maps entries to your chart of accounts, and syncs everything back into Xero. This helps keep records consistent without relying on manual imports.
The limitation is that Cryptio does not include a general ledger, so it cannot track non-crypto assets like stocks or traditional holdings. If you need to manage both crypto and fiat within one system, a more comprehensive platform like SoftLedger or Cryptoworth may be a better fit.
Standout features
- Historical crypto-to-fiat valuation: Uses exchange-sourced, time-stamped pricing to convert crypto transactions into fiat for compliant reporting.
- Dashboard: Displays cost basis reports and complete transaction history, giving a clear view of crypto activity and performance.
- Transaction labeling: Groups and categorizes transactions using rules that automatically assign entries to the correct accounts.
- Robust reporting: Provides cost basis, inventory tracking, and gain/loss reports to support accounting, audit, and tax workflows.
- Broad data integrations: Connects to a wide range of exchanges, wallets, custodians, and DeFi protocols to consolidate digital asset activity in one place.
Cryptoworth: Best for detailed portfolio tracking without the need for extensive general accounting
Pricing & other deciding factors
| Monthly pricing |
|
|---|---|
| Number of users | 1 to 4; additional seats cost $50 each monthly |
| Discount | ✕ |
| Free trial | ✕ |
| Customer support channels | Phone support, email, live chat, online guides |
Why I like it
Cryptoworth, like SoftLedger, supports both crypto and non-crypto tracking, but I notice it takes a more focused approach by prioritizing cryptocurrency management over full accounting functionality. It avoids the added complexity of traditional accounting features, which makes it more straightforward for users primarily dealing with digital assets.
What stands out is its reporting depth. You can break down performance by asset, exchange, or wallet, which helps surface which holdings are driving returns. It also tracks historical data, making it easier to analyze trends and compare performance across periods.
The tradeoff is that it does not include a traditional general ledger. That means it cannot handle core bookkeeping tasks like tracking liabilities or producing complete financial statements. If you need full accounting alongside crypto tracking, SoftLedger or QuickBooks Online offers a more complete solution.
Standout features
- Invoicing and billing: Send and receive crypto invoices and bills. You can receive payment in crypto in a few clicks while you control the wallets completely and also attach bills and invoices to transactions.
- Cryptocurrency asset management platform: Enjoy a platform that is an intuitive crypto portfolio tracker and tax and accounting module that serves to connect wallets and exchanges and synchronize transactions.
- Strong security: Get enhanced security features, such as two-factor authentication (2FA), to secure your financial data.
- Scalability: Expand from one user to multiple users; the platform can track millions of crypto transactions, calculate cost basis, and monitor capital gains and losses. Also, Cryptoworth’s transaction speed helps you run month-ends 10 times faster, which works great for growing teams. Its automated crypto accounting software also adheres to Generally Accepted Accounting Principles (GAAP), International Accounting Standards (IAS), and International Financial Reporting Standards (IFRS).
Frequently asked questions (FAQs)
What is cryptocurrency accounting software?
Cryptocurrency accounting software is a specialized financial tool that is designed to help you manage and track cryptocurrency transactions, calculate capital gains or losses, and generate accurate tax reports.
How do you account for cryptocurrency in accounting?
The IRS considers cryptocurrency to be property. Capital gains and losses must be calculated by subtracting the cost of the crypto when purchased or earned from the value of the crypto when spent or sold. The capital gains and losses are then reported on Schedule D and Form 8949, if necessary.
Does QuickBooks Online handle cryptocurrency?
QuickBooks Online itself has no tools for managing cryptocurrency, but it integrates with specialized software like Gilded to enable cryptocurrency features, like real-time portfolio tracking.
How does cryptocurrency accounting software calculate taxes?
Cryptocurrency accounting software uses the transaction data imported from exchanges and wallets to calculate capital gains or losses. It considers factors such as the purchase price, sales price, holding period, and any applicable tax regulations to determine the tax obligations for each transaction.
What resources are available to train accounting teams on using crypto bookkeeping software?
Solutions like Cryptio and SoftLedger offer onboarding, certification courses, or in-app help to help accounting teams familiarize themselves with the software.
What privacy controls are available when using SoftLedger for sensitive client or internal financial data?
Public blockchains make all transactions transparent, but SoftLedger offers internal controls and permission settings that help protect confidential business or client information.