5 Best Crypto Accounting Software

So, you are in the market for a crypto accounting software.

Ideal, because in this article we have our compilation list for our top picks, and we compare the features and pricing for you. 

If you just want the best choice, we’ve added that right at the top of the article as this was what is most requested by our customers. So, that’ll be the “can’t go wrong” option. 

Otherwise, feel free to explore all the options we’ve reviewed on the market to find something that might fit you a little better.

Enjoy the list!

The Best Accounting Software for Crypto Specifically

Crypto trading has seen an immense rise in its popularity due to its high profit-loss margin. Most countries have started taking crypto profits to counter the rising traction but to no avail. However, traders now need to record every profit in the account books. Accounting software that connects with major crypto exchanges and provides reports will be the perfect fit for this category. Have a look at the products below to choose the best crypto accounting platform specifically:

1. Cryptio

Cryptio is a crypto accounting platform that offers enterprise-grade accounting and auditing for your digital assets. It integrates with several DeFi wallets and exchanges, making it easier to capture a complete overview of your digital asset activity. Cryptio lets you stay in touch with your holdings and see the total profit over time in recent trades.

Get Started with Cryptio🔥

Cryptio Features

Here are some exclusive features of Cryptio:

Aggregate all your transactions and assets in one place

Cryptio offers real-time, automated retrieval of entire transaction history from your crypto wallets, custody or exchange accounts. Moreover, you can use automated DeFi tracking and auto-audit your transactions to ensure every profit or loss appears in your books.

GAAP IFRS-compliant valuation system

Cryptio sources prices directly from exchanges at the exact transaction time and provides rich information regarding every trade. Additionally, Cryptio has partnered with Kaiko, a leading innovative crypto company and provides historical trade data from exchange addresses.

Automated labelling and transaction reconciliation

Cryptio lets you set rules to instinctively assign transactions to the correct account for staking rewards or payroll expenses. You can identify the counterparties of your transactions and reconcile assets in case of a failed transfer. Additionally, Cryptio allows you to attach invoices to your transactions, set a payment status and track future payments.

Seamless Sync with your fiat accounting and ERP system

Cryptio offers One-click integrations with leading accounting platforms like Xero and QuickBooks, automatically mapping your chart of accounts with your Cryptio activity. Additionally, it provides powerful real-time integrations to core systems with light and cogent API.

Visualize and Report on your Crypto activity

Cryptio generates asset-roll forward, historical balances and transaction history reports instantly. You can track intangible impairments on your digital assets and generate IRS & SEC-compliant reports. Moreover, Cryptio offers real-time insights from its dashboard into which trades you should make to increase your tax refund.

Cryptio Pricing

Cryptio offers 3 Pricing options for its crypto accounting platform.

The “Basic” plan is priced at $199/month and offers unlimited history coverage. Additionally, you can label transactions, do invoice management and cost-basis calculation, and track realized gains or losses.

The “Pro” plan is priced at $550/month and offers custody solution integrations. Additionally, you can see asset and wallet-based breakdowns, track inventory and interact programmatically with the Cryptio platform.

The “Enterprise” plan offers an on-demand pricing quote and provides technical audit assistance plus impairment testing reports.

2. Ledgible

Ledgible is a crypto tax and accounting software for professionals that determines crypto liabilities and delivers data to your primary accounting or ERP systems. It removes the complications of recording every trade for tax purposes by storing every transaction and automatically calculating the final tax amount for your crypto holdings.

Get Started with Ledgible🔥

Ledgible Features

Here are some exclusive features of Ledgible:

Crypto Management: Ledgible integrates with crypto wallets and exchanges, enabling you to manage crypto tax returns. Moreover, if you handle crypto assets of several clients, you can track the asset progress with indicators. Ledgible connects with your current systems and generates necessary forms like IRS form 8949. Ledgible unlocks the crypto tax tools and connects with professional accounting or tax software without any upfront charge.

Enterprise-grade Accounting: Ledgible is built for enterprise-level crypto businesses to properly account for their trades or profits through mining and price fluctuations. Moreover, you can run month-end reporting, analyze balanced and manage crypto funds for a more extensive clientele with Ledgible. It’s the perfect tool for accurately maintaining your crypto tax returns in the accounting books.

Crypto Tax Client Workflow: Ledgible’s client-oriented workflow offers visibility into every client’s current stage in the reporting process. Additionally, you can check the latest balances, provide trading or tax reminders and complete returns for your clients. Ledgible enables you to accurately manage funds for your clients and record the trades to file returns on profits.

Team Management: Ledgible allows you to manage access for your tax preparation team members. You can assign tasks to employees, view the ongoing projects and administer the accounts yourself. Ledgible provides a secure, reliable and collaborative interface to manage your crypto funds.

Counterparty Mapping: With Ledgible, you can highlight the blockchain addresses and add them to your contacts. It helps you identify the recurring transactions from these addresses and recognize mass selling or buying events that may affect the overall price of your holdings. Counterparty Mapping offers you an edge over market conditions by prematurely spotting bulk crypto transactions from marked addresses.

Ledgible Pricing

Ledgible offers 2 Pricing options for its crypto tax and accounting tools.

The “Professional and Consumer Tax ” plan starts at $49 for tax-year reporting and upto 200 transactions. You have to pay $50 for transactions between 200-1000 and $100 for each set of 2500 transactions over 1000.

The “Enterprise Accounting” plan offers an on-demand pricing quote. You can contact the sales team to personalize the perfect subscription for your business and accounting requirements.

3. QuickBooks

QuickBooks helps businesses, freelancers, and self-employed people to properly account for their expenses and income. You can make payments to contractors or employees and maintain profitability by auto-tracking the expenditures. QuickBooks provides salient accounting features, enabling you to analyze your profit margins.

Get Started with QuickBooks🔥

QuickBooks Features

Here are some exclusive features of QuickBooks:

Cloud Accounting: QuickBooks offers mobile access to its database and provides online banking integration, automatically updating your transactions and statements. You can monitor the real-time status of your expenses or invoices from anywhere and remotely handle the accounting. 

Business Funding and Income Tracking: QuickBooks syncs the bank transactions and tracks the total cash flow of your business. It helps you properly allocate funds to your business endeavours and maintain profit margins after operating costs. Additionally, you can create Tax-compliant invoices and track unpaid GST bills to remind clients about payment.

Online Banking: QuickBooks brings your banking activities online and offers One-click reconciliations. You can connect different bank accounts with QuickBooks and auto-categorize transactions to match expenses or invoices. QuickBooks enables you; to stay on top of your financial situation and maintain cash flow.

Accounting Reports: QuickBooks offers real-time insight into your business data and generates financial reports showcasing balance sheets, profit margins and cashflow statements. You can track all pending invoices and avoid chasing payments at the last second. QuickBooks offers customized data analysis helping you identify business trends.

Inventory Management: QuickBooks helps you easily handle the business inventory and get a real-time evaluation. Your inventory list is automatically updated whenever you make a sale or add a new product. QuickBooks helps you track your restock orders from the vendors and keep every sale recorded in the database.

QuickBooks Pricing

QuickBooks offers 4 Pricing options for its accounting software.

The “Simple Start” plan is priced at $25/month and offers general reports, receipt capture, plus mileage tracking. Additionally, you can manage tax deductions, incomes and expenses or invoices and payments.

The “Essentials” plan is priced at $50/month and offers enhanced reports, bill management, plus sales tax estimation. Additionally, you get 3 User accounts and can assign vendor payments to contractors.

The “Plus” plan is priced at $80/month and offers inventory management plus project profitability determiner. Additionally, you get 5 User accounts and can convert estimates to invoices.

The “Advanced” plan is priced at $180/month and offers customized access, on-demand training, data restoration, plus workflow automation. Additionally, you get more than 5 User accounts and can do business analytics with Excel or manage employee expenses.

4. Xero

Xero is an intuitive and beautiful accounting software that helps you run the money side of your business. You can create and send quotes, manage bills, sort bank transactions, chase payments and analyze financial data. Xero provides you with a cloud-based accounting platform, accessible invariably from any remote location.

Get Started with Xero🔥

Xero Features

Here are some exclusive features of Xero:

Bill Payments: Xero helps you make timely bill payments by providing a clear overview of accounts payable and cash flow. You can schedule and make batch payments, plus access all bills inside your Xero interface. With Xero, you can build good relations with suppliers by avoiding late payments and keep the money flowing timely.

Claim Expenses: Xero provides an expense manager to help you capture costs to reimburse expense claims. You can monitor employee spending and approve claims without delay. Additionally, you can use OCR technology to scan vital information and auto-fill your claim.

Bank Connections: Xero connects with your bank accounts and sets up a feed where transactions flow securely. You can set multiple feeds for different accounts. Xero lets you reconcile daily and provides; an accurate depiction of your business finances. All your bank transactions are securely imported between the Xero database and Bank.

Invoicing and Payments: Xero lets you accept payments online through Stripe, GoCardless and other integrations. You can generate invoices and add a “Pay Now” button to redirect clients to the payment gateway. Additionally, Xero offers excellent online protection from fraudulent activities and has an unbreachable database.

Project Tracking: Xero offers a job tracker helping you track costs and project profitability. You can prepare budgets by using cost estimates and send customized quotes. Moreover, Xero allows you to do location-based tracking on Mobile and seamlessly link costs to projects.

Xero Pricing

Xero offers 3 Pricing options for its Accounting software.

The “Starter” plan is priced at $22/month and allows you to send upto 20 invoices. You can reconcile bank transactions and capture bills or receipts through Hubdoc.

The “Standard” plan is priced at $35/month and offers bulk reconcile transactions. Moreover, you can manage short-term cash flow and get a business snapshot of your current finances.

The “Premium” plan is priced at $47/month and allows you to send unlimited invoices. You can use multiple currencies and access all accounting features of Xero.

Additionally, Xero offers 3 Add-on packs. The “Claim Expenses” is priced at $4/month, and The “Track Projects” and “Analytics” are priced at $7/month.

5. ZohoBooks

ZohoBooks is an accounting platform from Zoho that lets you work collectively and manage your finances. Zoho is well-known for its intuitive business tools and offers the ideal connective ecosystem. With ZohoBooks, you can automate business workflows and stay tax compliant. It provides features for all business sizes and powers up your bookkeeping.

Get Started with ZohoBooks🔥

ZohoBooks Features

Here are some exclusive features of ZohoBooks:

Invoicing: ZohoBooks offers effortless invoicing and receivables management. You can create polished invoices and accept global payments with a multi-currency platform. Additionally, ZohoBooks lets you create recurring invoices and securely store card information for easy transactions. With ZohoBooks, you can secure your invoices with a digital signature to avoid tampering.

Client and Vendor Portal: ZohoBooks provides a client and vendor portal so you can share recent transactions and accelerate the approval process. Moreover, you can gauge customer satisfaction by asking for feedback and add a layer of authenticity to your estimates by getting digital signatures from your clients.

Banking: With ZohoBooks, you can securely gather transactions from your PayPal and bank accounts, plus do swift reconciliation. You can get accurate cash flow predictions and spot the balance mismatches with ZohoBooks’ banking dashboard. Additionally, it lets you categorize transactions automatically, expedite the matching and streamline the tax filing.

Automation: ZohoBooks is an intelligent accounting platform that allows you to automate tedious, error-prone tasks. You can eliminate the repetitive issues and auto-charge cards for recurring transactions. ZohoBooks boosts your productivity by automating your bookkeeping.

Reporting: ZohoBooks’ Reports cover your finances from all angles and lets you create robust business plans. You can see expenditures and income, generate business reports and make informed decisions. ZohoBooks is ideal for scheduling customizable periodic reports and organizing data with tags.

ZohoBooks Pricing

ZohoBooks offers 6 Pricing options for its accounting platform.

The “Free” plan is priced at $0 and offers payment reminder automation, a client portal, invoice management and a chart of accounts.

The “Standard” plan is priced at $20/month and offers three user accounts. Additionally, it provides custom fields, sales tax tracking, transaction locking and bulk updates.

The “Professional” plan is priced at $50/month and offers five user accounts. Additionally, it provides sales approval, retainer invoices, vendor credits and multi-currency handling.

The “Premium” plan is priced at $70/month and offers ten user accounts. It also provides a custom domain, vendor portal, budgeting, validation, and workflow rules.

The “Elite” plan is priced at $150/month and offers ten user accounts. Additionally, it provides warehouse management, batch tracking, shipment label printing and Shopify integration.

The “Ultimate” plan is priced at $275/month and offers 15 user accounts. Additionally, it provides 25 custom modules, a real-time dashboard, financial metrics tracking and report collaboration.

Why use Accounting Software at all?

In today’s world, accounting, finance, and banking often intermingle and affect business decisions. A dedicated software that manages your bookkeeping and investments can empower your cash flow and provide insights into your company’s expenditures. You can quickly reconcile bank transaction records and avoid filing faulty returns. Accounting software offers a centralized platform to handle banking and financial activities. You can view transaction history, expected receivables and payables, analytical reports highlighting your account status and manage employee payroll. Additionally, accounting software provides accurate tax calculations and assists with the entire filing procedure.

Why should you use Crypto Accounting Software?

If you’re familiar with cryptocurrency and have made investments, you’ll know how difficult it can be to track the price fluctuations for all assets, calculate your profits from every trade and manage multiple exchange accounts or wallets.

However, accounting software simplifies your complications by directly integrating with your crypto exchanges and wallets. It continuously monitors the exchange activity and keeps you up-to-date with your assets.

Moreover, accounting software records every trade you make and organizes them in the accounts book so you can file accurate returns on your trading profits. It removes manual entry and eliminates the risk of forging or redundancy.

You can generate reports to analyze your trading profits throughout the market cycle. With thorough analysis and good decision-making, you can identify the change in trend and make investments accordingly.

Accounting software helps you organize your crypto assets and track them to ensure you don’t leave any trade unrecorded in your accounts book. It enables you to see the market chart against Bitcoin or USDT and make informed trading decisions.

Crypto Accounting Software, A Summary

Crypto trading requires extensive research into the market potential of a project and current price trends. Managing the profits on top of that and recording them manually in the spreadsheet can take up too much of your time. Crypto accounting software automatically tracks your trades and updates the accounting books.

Cryptio offers integration with crypto exchanges like Binance and KuCoin plus connectivity with all-around accounting tools like QuickBooks and Xero. It is our suggested pick for crypto accounting software. Visit the website to get started.

What Accounting Software would you recommend?

In short, It’s Melio.com

It provides your business customers with a convenient payment link, enabling them to make quick and hassle-free payments without the need for invoice attachments. They can pay using their preferred method, and the payments will be directly deposited into your bank account each time.

“🚀Try Melio.com For Free, It’s my favorite Accounting Software to use and recommend.” -Scott Max

Melio is an intuitive Accounting software that offers comprehensive solutions through its powerful tools. Designed for businesses of all sizes, Melio simplifies complex financial tasks and delivers impressive outcomes. Melio seamlessly integrates features tailored to your: Billing, Payments, Vendor Management, Expenses, and Financial Reporting needs.

For more details, read our Melio.com Review.