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 |
|---|---|---|
Scalable, multi-entity crypto accounting | Quote-based | |
Crypto accounting with Gilded integration | $38 | |
Users needing automated crypto workflows | ||
Detailed crypto portfolio tracking without full accounting | $300 |
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.
I evaluate accounting software with a clear focus on what small business owners actually need to run their books efficiently. In my review process, I look across a wide range of features, including transaction tracking, automation, reporting, and scalability, to see how well each system performs in real-world workflows .
I approach every recommendation with objectivity and independence, keeping the analysis grounded in consistent criteria rather than marketing claims. This perspective is shaped by my CPA license, accounting background, and experience covering accounting software since 2021, which allows me to identify what works reliably for small businesses and what falls short.
Many popular accounting programs offer the option to record transactions in multiple fiat currencies, such as USD, EUR, and CAD. You cannot use this function to account for cryptocurrency because it isn’t considered a fiat currency.
Treating crypto as such will result in a misstatement of your US tax liability and likely result in penalties. Crypto compliance has become a major focus of the IRS, per the IRS’s digital assets page.
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 | |
|---|---|---|---|---|---|
Custom quote | âś“ | âś“ | âś“ | âś“ | |
$38 to $275 (plus fee for Gilded integration) | âś“ | Via Gilded integration | Via Gilded integration | âś• | |
Custom quote | âś• | âś“ | âś“ | âś• | |
$300 to $1,000 or custom quote | âś• | âś“ | âś“ | âś• |
You can avoid accounting issues from accepting cryptocurrency by using a payment processor that converts crypto payments into cash. To see how this works, read our guide on how to accept crypto as a business.
This conversion eliminates the need for special software, so for your bookkeeping, you can just choose one of the best small business accounting software without any special cryptocurrency considerations.
SoftLedger: Overall best cryptocurrency accounting software
Pros
- Can track both fiat Fiat money is currency that has value because the government assigned value to it, not because it is redeemable for something like gold. and cryptocurrency transactions
- Has full accounting functionality, including a general ledger
- Supports multiple cryptocurrencies
- Tracks crypto gains and losses for tax reporting automatically
- Can attach wallets directly to the software like a bank feed
Cons
- Can't process cryptocurrency payments directly
- Is too expensive for micro businesses
- Lacks a mobile app for tracking crypto assets on the go
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 | âś• |
Free trial | 14 days; no credit card required |
Customer support channels | Phone support, email, and online guides |
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
Pros
- Tracks gains and losses across classes and locations for more detailed financial segmentation
- Generates reports that include both cryptocurrency and standard transactions
- Syncs transactions to QuickBooks Online automatically every hour, including notes and exchange rates (via Gilded)
- Imports transaction data directly from Coinbase to keep records up to date (via Gilded)
- Applies exchange rates to each transaction automatically for accurate valuation (via Gilded)
Cons
- Not a dedicated crypto accounting solution, and relies on integrations for full functionality
- Does not provide built-in tracking for crypto balances, transactions, or ongoing capital gains within QuickBooks
- Cannot convert crypto to fiat directly, even with Gilded integration
- Supports only the FIFO method for calculating the cost basis of crypto transactions
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 |
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
Pros
- Integrates directly with Xero accounting software
- Aggregates all of your transactions and assets in one place
- Has crypto accounting courses, so you can become crypto-certified
- Exports and integrates data to meet all accounting and audit needs
- Lets you attach invoices to your transactions, track future payments, and set a payment status
Cons
- Has no full ledger accounting system unless integrated with Xero
- Is unable to track non-crypto holdings
- Lacks features for sending or accepting crypto payments
Monthly pricing |
|
Number of users | 1 to unlimited |
Discount | âś• |
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 |
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
Pros
- Provides detailed reports on financial performance by asset, exchange, or wallet
- Has a mobile app that tracks wallets, exchanges, custody accounts, DeFi positions, and NFTs
- Simplifies cryptocurrency ownership across different platforms
- Offers tools to support advanced use cases, such as ATMs, over-the-counter (OTC), custom exchanges, and defunct exchanges
Cons
- Lacks a general ledger
- Provides free onboarding only with paid plans
- Offers only email customer support
- Supports only one portfolio in the Basic plan
Monthly pricing |
|
Number of users | 1 to 4; additional seats cost $50 each monthly |
Discount | âś• |
Free trial | âś• |
Customer support channels | Phone support, email, live chat, online guides |
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)
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.
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.
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.
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.
Solutions like Cryptio and SoftLedger offer onboarding, certification courses, or in-app help to help accounting teams familiarize themselves with the software.
Public blockchains make all transactions transparent, but SoftLedger offers internal controls and permission settings that help protect confidential business or client information.