Best Cryptocurrency Accounting Software in 2024

• Crypto asset management: SoftLedger’s multiple dimensions and custom crypto asset management enables you to incorporate crypto transactions easily into your financials―in any jurisdiction. You can import crypto data from any source, manage multiple wallets and entities, and access consolidated reporting in fiat or crypto.
• Reporting: Detailed transactional accounting and reporting are available, which allows you to track your crypto transactions at scale automatically. When you transfer between multiple wallets and exchanges, the cost basis will be tracked automatically. You can drill into reports quickly to view transactions in real time.
• Consolidated accounting: If you’re operating through a group of parent and subsidiary corporations, SoftLedger will allow you to merge all of your transactions and generate a single set of consolidated reports across subsidiaries and segments.
• General ledger (GL): All transactions are posted to the GL, which allows for streamlined financial reporting and management. The general ledger provides insight into real-time financials, which allows you to make crucial business decisions. You can view it in either Summary or Detail modes.
• Inventory management: SoftLedger’s inventory management feature allows you to set up and track sales orders and inventory costs. You can track your stock in real-time, adjust quantities and costs as needed, and send purchase orders (POs) to vendors.

Bitcoin Sync:

• Tax Prep tool: Bitcoin Sync’s Tax Prep tool provides year-end reporting with support for exchange trades and PDF/XLSX reporting. Your FIFO capital gains will be calculated from incoming and outgoing transactions and imported into QuickBooks automatically, giving you a live view of your tax obligations.
• Customization of crypto transactions: You can set the QuickBooks customer, tax code, memo, and transaction type manually, or you can create a rule to set them automatically. You can also view bitcoin transactions as an invoice-style document and attach notes and customers to your payments.
• Automation: Bitcoin Sync creates accounts in your chart of accounts for each bitcoin address. Transactions are created in the account automatically when they occur, with the exchange rate attached. For outgoing transactions, the app also records the capital gain or loss in an income account.
• Reconciliation tools: You can use the reconciliation tools to view every transaction on the blockchain and within QuickBooks and can repair any discrepancies quickly. With auto-reconciliation, you can scan all QuickBooks account balances and transactions with one click and compare them with actual blockchain data.
• Contact book: Import your customers from QuickBooks, assign their names to bitcoin addresses, and link their payments to the customer records within QuickBooks for accurate customer tracking.

Gilded:

• QuickBooks compatibility: Gilded Premium users can sync all of their transactions to QuickBooks and reconcile them using a powerful dashboard. With this integration, you can map crypto addresses to the people and businesses that you interact with. Transactions can be classified as income, expenses, trades, and transfers.
• Crypto bill pay: Gilded allows you to accept both credit cards and crypto payments in one place with its noncustodial invoicing solution. Gilded supports both accounts receivable (A/R) and accounts payable (A/P) workflows and triple-entry accounting using Request Network.
• Compass: Gilded’s crypto accounting system, Compass lets you define rules for how crypto transactions are mapped to different accounts based on the counter-party and/or wallet. As new rules are created, it automates your reconciliation process increasingly.
• Crypto invoicing: An advanced invoicing and payment portal that’s powered by blockchain, Crypto Invoicing allows you to send invoices with an advanced scheduling option. You also can automate recurring invoices for subscription billing. Payments are detected in the memory pool (mempool) and reconciled automatically.
• Crypto mass pay: If you pay your employees in bitcoin or give bitcoin bonuses, then BTC Mass Pay is a good option. You can send bitcoin payments to up to 500 addresses in one batch transaction, and the tool updates each recipient with an email.

• Historical crypto-to-fiat valuation: The crypto-to-fiat valuation system provides complete transaction information, including exchange and time. Prices are sourced directly from exchanges at the exact time of the transaction.
• Dashboard: Cryptio’s dashboard provides real-time insights into which trades you should make to increase your tax refund. You can also export a cost basis report and send it to your tax advisor. Additional capabilities include tracking transaction history, reporting historical balances, and exporting ledger entries.
• Transaction labeling: You can categorize and resolve transactions at scale and set rules to assign your transactions automatically to the correct account. Cryptio also allows you to identify the counterparties of your transactions.
• Robust reporting: Cryptio’s powerful reporting capabilities allow you to access all the data you need to meet your accounting, audit, tax, and other financial reporting requirements. Reports include cost basis reports―FIFO and weighted average cost (WAC)―inventory tracking, and unrealized gains and losses tracking.
• 24/7 customer support: With Cryptio, you have access to 24/7 support and dedicated customer success teams. You also have access to a community of chief financial officers (CFOs), accountants, and auditors. Educational resources and events are offered so that you can stay on top of regulations.

• Invoicing and billing: Cryptoworth allows you to 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.
• Scalability: Cryptoworth offers scalability from individual levels to enterprise levels so that you don’t have to change the software to meet the needs of growing cryptocurrency businesses. It’s connected to data points across the entire crypto ecosystem, enabling you to track millions of transactions and calculate cost basis as well as capital gains and losses.
• Cryptocurrency asset management platform: This platform is an intuitive crypto portfolio tracker, tax, and accounting module that serves to connect wallets and exchanges, synchronize transactions, and calculate taxes, among other things.
• Connectivity: Cryptoworth enables you to connect to blockchains, exchanges, DeFi protocols, custodians, NFT marketplaces, and traditional banks. It also offers transaction reconciliation and auditing and cost-based analysis.
• Strong security: Cryptoworth’s platform provides enhanced security features, such as two-factor authentication (2FA) to secure your financial data. Connections are also maintained through read-only data streams.