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Top 5 Crypto Accounting Software Of 2022

By TechDogs Editorial Team

Overall Rating

Overview

Crypto is the new gold! It's not a far-fetched dream given how quickly cryptocurrencies have grown in popularity. As a result, many businesses and industries have started using cryptocurrencies. Apart from decentralization and higher transparency of financial activities, this excessive demand has given rise to a new field altogether – crypto accounting.

To cut it short, crypto accounting is a function under which a company keeps track of its cryptocurrency assets along with cash and credit. Well, in order to successfully navigate the crypto space, you need a one-stop solution that can help you track and manage your digital currencies.

Crypto Accounting Software - a must-have solution that can handle all your cryptocurrency transactions. (now, that’s quite a revelation!)

We bet you must be curious to know what Crypto Accounting Software is and why it's important for your business. So, let’s not keep you waiting and begin this exciting ride!

“It’s just like actual money, except you can’t see it, hold it, or spend it on anything.”

That’s the geek of geeks, Sheldon Cooper, spilling beans about cryptocurrency in Big Bang Theory. Do you know, a few years ago, digital currency was seen as a silly idea that a couple of #TechNerds (like Sheldon) had? Later, the global meltdown in 2008 led to Bitcoin's birth and the concept of decentralized cryptocurrency came into the limelight. #ThrowbackTo2K8

Now, imagine what would happen to your business if there were an economic crisis like in 2008? (We hope not!) What would happen to your funds if you couldn't withdraw them from the bank? Isn’t it obvious that because of this, digital currencies are on the rise? It's important for businesses to protect their digital assets, track them and also enable accountants with more automated tools. Why not start by welcoming Crypto Accounting Software into your business?

Crypto Accounting Software can be used by businesses, accounting firms, crypto traders, investors, miners and portfolio managers. It provides features like real-time dashboards, expense tracking and tax reporting. This software also automates many of your financial tasks while also providing you with information that helps you keep track of your crypto transactions. Now that’s quite amazing!

Yet, there are ample Crypto Accounting Software available on the market. To save you from the hassle of going through every software and selecting the right one for you, we have created a list of the top 5 Crypto Accounting Software. Dive in to know all the details!

Top 5 Crypto Accounting Software Of 2022

The needs of accounting are constantly changing. To stay compliant, businesses need a reliable partner in the form of an accounting software that can meet their needs with minimal work from the business owner. Introducing Crypto Accounting Software will automate all your crypto accounting and tax reporting needs. With the help of this tool, you don’t have to worry about keeping track of cryptocurrency transactions or figuring out which returns are taxable. It does it all for you. Phew!

Here we present the top 5 Crypto Accounting Software of 2022 - in no particular order.

QuickBooks	Cryptoworth	SoftLedger
Gilde	Cryptio

Tool 1: QuickBooks

The first Crypto Accounting Software on our list is QuickBooks, brought to you by Intuit, a US-based software company that specializes in financial software. Intuit was founded in 1983 and is a global leader in business and financial management software. This global technology platform is most popular for products that provide accounting features for small business owners to track their finances. Moreover, it’s an easy-to-use software trusted by over 4.5 million customers. Capterra has featured QuickBooks in Top Performer – Accounting Software 2022, Top Performer – Accounts Payable Software- 2022 and Top Performer – Budgeting Software 2022. Now that’s quite a list!

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With QuickBooks, you can organize your crypto accounting books, manage expenses, send invoices, track inventories and even do payroll tasks. This Crypto Accounting Software is a boon for crypto traders as it supports crypto-friendly exchanges and banks. Additionally, its foreign currency function enables you to add all popular currencies as well as their rate for top cryptocurrencies such as Bitcoin, Litecoin, Ethereum, etc.

If you are about to welcome QuickBooks into your organization, you get a remarkable add-on tailored specifically for crypto accounting. This add-on enables you to bring crypto assets to the general ledger, simplify crypto reporting and a lot more so that you stay on top of your crypto accounting!

Tool 2: Cryptoworth

The next Crypto Accounting Software on our list is presented by Cryptoworth Corporation, a cryptocurrency solution company with its headquarters in Toronto, Canada. This company made its debut in 2017 and it offers consulting services to walk you through the process of setting things up according to best practices in cryptocurrency trading. Guess what, Cryptoworth has been featured in DashNews with a rating of 5 stars and is among the Best Cryptocurrency Solutions in Daily Finance!

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Cryptoworth is an institutional-grade Crypto Accounting Software that empowers you with converting digital asset data into accounting data. Apart from the above-mentioned features, Cryptoworth also provides a free wallet for its users, which makes it stand out from many other software in this industry. Not just that, you can also set up your own portfolio and calculate profit and loss with ease on Cryptoworth accounting software. This software also connects your wallets, exchanges, custody accounts and NFTs (Non-Fungible Tokens) and helps you track your portfolio and streamline your accounting operations. #TotallyWorthIt

Crptoworth’s vision is to make life easier for cryptocurrency traders and the features of its Crypto Accounting Software help you with just that! For instance, Cryptoworth's real-time collaboration makes it easier to work together with partners all over the world, even with those who do not have access to email or cloud storage. #CollaborateLikeAPro

Another advantage offered by this product is that accountants can now audit clients' crypto accounts without any additional information from them as well as view their own financial reports through this platform.

Tool 3: SoftLedger

Soft Ledger, Inc. is a software company founded in 2016 and based in California, United States. This software by Soft Ledger, Inc. has grabbed the rating of 4.6 out of 5.0 from G2 in 2022 and 4.8 out of 5.0 by Capterra in 2021 (Congratulations!) It is a perfect match for organizations looking for an easy-to-use seamless accounting system. It also helps accounting companies that are interested in adding accounting functionality for crypto assets.

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Did you know that with the help of this Crypto Accounting Software, you can record and monitor your cryptocurrency transactions with ease? Besides, you can also track all your cryptocurrencies in one place, so you don’t have to worry about forgetting anything or breaking your head on double-spending. This software helps keep everything organized for better tracking and management, as well as easier reconciliation of trades on each exchange platform. #SoftLedgerIsLegit

SoftLedger steps in with features such as seamless integration with exchanges and blockchains, automatic calculation of gains/losses and fully programmable API (Application Programmable Interface) for custom integration to fulfill all your tax and reporting requirements for cryptocurrency trading. Additionally, its other features allow instantaneous drilling into reports to see transactions in detail and discard batch processing. Yes, automated crypto accounting!

Tool 4: Gilded

Gilded Inc. is a company that specializes in the aggregation of crypto transactions with wallets, exchanges and payment processors and syncs them to a company’s accounting systems. It’s a US-based company founded in 2018. Gilded is a Crypto Accounting Software trusted by more than 2000 blockchain companies and no wonder Blocknative (a renowned software company), Paxos (financial infrastructure company), Techstars (capital market company), TrustSwap (a renowned crypto company) and Unbanked (Global Findex) are some of its prominent partners. Not just that, Gilded has also been featured on Bitcoin.com, Accounting Today and Payments.com for its awesomeness. Bravo!

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Gilded is a comprehensive Crypto Accounting Software that is a perfect match for blockchain-powered businesses. How, you may ask? It helps them with effortless tracking of payments, hassle-free transactions to their clients and instant reporting. Additionally, Gilded is a must-have software for businesses that aspire to make their transaction and accounting system bank less, as it’s a suitable software to slash your bookkeeping time in half with seamless crypto accounting integrations. It also works with your non-custodial wallets. #GildedWithBenefits

Gilded’s motto is ‘Crypto doesn’t have to be difficult’ and its wide range of features help you make your crypto accounting tasks easy-peasy! Look at its feature – automated syncing wallets and exchanges enable you to picture all your transaction activities in a single place. Besides, its feature of reconciling transactions helps you classify, attach and tag notes to simplify payments and accounting for global businesses.

Tool 5: Cryptio

Cryptio is a financial analysis and accounting software for cryptocurrencies presented by Cryptio.co, a profit-oriented company founded in 2018 with its headquarters based in European Union. This Crypto Accounting Software is the ‘jack of all’, empowering thousands of companies worldwide. Cryptio is being trusted by the brands like Celo, The Sandbox, AAVE, Draper Associates and so on!

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Cryptio assists organizations with easily automating accounting, bookkeeping and tax reporting for their digital assets. It also consolidates all cryptocurrency transaction data from multiple wallet and exchange sources and translates it into data usable for accounting and financial purposes. This all-in-one accounting software is best-suitable for all your digital assets and accounting needs. So, step ahead and bridge the gap between blockchain and your current accounting system! #DeCryptioYourCryptoWorries

Cryptio seamlessly links with your core accounting system, tracks realized and unrealized gains and losses, exporting data and custom reports to fulfil accounting and audit needs. So much done by a single software! Besides, this software helps keep everything organized for better tracking and management as well as easier reconciliation of trades on each crypto exchange platform.

Summing It Up

With the rise of cryptocurrencies, it has become difficult to manage them. Making a ledger for all transactions has also become complex and tedious. You know now, Crypto Accounting Software is here to solve that problem! It makes accounting for cryptocurrency transactions and pay-outs easier by recording and managing them automatically in real time. Thanks to this accounting software, you can streamline your operations with just a few clicks. So, stop wasting time on tedious accounting tasks and start using Crypto Accounting Software!

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