Ledgible, A Simple Review

by Scott Max

So, you are considering Ledgible.

You’ll be wondering if it's a good choice for you, if its feature set compares well to other options on the market, and if it is priced affordably enough for what you get.

This article will break all that down for you and more. 

Plus, at the end of the article you’ll find links to alternatives to Ledgible as well as our top picks for the options in this category.

Or, just go straight to Our top picks for Best Accounting Software.

Without further ado, let’s get started.

Ledgible Features

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.

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.

Ledgible Discounts and Coupons

Ledgible currently does not offer discounts or coupons for its crypto tax and accounting platform. However, it is reasonably priced and perfect for a crypto firm to manage trades in accounting books without splurging too much.

Ledgible Free Trial

Ledgible offers a 30 Day free trial for its tax and accounting platform. You can avail the offer by inputting your email or using your Google account.

Ledgible, A short how-to guide

Once you login to your Ledgible account, you'll enter the dashboard section, where you'll see a summary view of your account assets. You can use the As-Of-Date filter to get historical views of your account.

Your current account appears on the topleft. You can click here to switch it or create a new one. The "Wallets" page allows you to arrange and view information for addresses you control.

Click on "Exchanges'' to track and organize your accounts with third-party exchanges like Binance or KuCoin. You can go to the "Reports" and choose from various on-demand report downloads about your account assets.

Click on "Integrations" to connect cryptocurrency to your general ledger. You can use the contacts page to map counterparties for wallet addresses. These will populate throughout the application and your downloaded reports.