Crypto & Digital Asset Accounting

Overview

What we deliver

We design policies, reconcile wallets, and produce audit-ready records for crypto holdings, transactions, and disclosures.

We help finance teams account for digital assets, including stablecoins, native tokens, NFTs, and staking rewards. Our work follows current US GAAP guidance, including ASU 2023-08 fair value measurement for in-scope crypto assets, and IFRS treatment under IAS 38 or IAS 2 depending on facts and circumstances. We reconcile wallets, exchange accounts, and custody platforms to the general ledger and build cost basis tracking across lots and chains. We document policies for impairment, fair value remeasurement, derecognition, and revenue from staking, mining, or token sales. We coordinate tax workpapers for IRS, HMRC, CRA, and ATO reporting, including capital gains, income classification, and information returns. We produce disclosure drafts for SEC filings and private audits and document internal controls over private keys, signatories, and treasury workflows. We train accounting teams on transaction tagging and month-end procedures.

Fit Check

Built for teams like yours

Who it's for

Web3 and crypto-native companies
Funds holding digital assets
Treasury teams with stablecoin reserves
NFT and gaming companies
Public and private companies with crypto exposure

Pain points we solve

Wallet activity not tied to the ledger
Unclear policy for staking and rewards income
Missing cost basis tracking by lot
Fair value treatment under ASU 2023-08 not implemented
Tax and information returns missing detail

What's included

Capabilities

Everything we cover in this engagement.

Digital asset accounting policy
Wallet to GL reconciliation
Cost basis and lot tracking
Fair value remeasurement under ASU 2023-08
Staking and mining revenue accounting
NFT accounting
Tax workpapers for IRS, HMRC, CRA, ATO
Disclosure drafting

How we work

Our process

A clear, predictable path from kickoff to outcomes.

01

Inventory wallets

List all wallets, exchanges, custodians, and chains in use.

02

Set policy

Draft policy memo aligned to US GAAP and IFRS guidance.

03

Reconcile

Tie on-chain activity and exchange data to the general ledger.

04

Report

Produce close schedules, tax workpapers, and disclosures.

05

Control and train

Document key management, signatories, and accountant workflows.

What you get

Deliverables & outcomes

What you get

Digital asset policy memo
Wallet and exchange reconciliation
Cost basis schedule
Fair value remeasurement workpaper
Tax workpaper pack
Disclosure footnote drafts

Outcomes you can expect

Wallets that tie to the GL each close
Compliant US GAAP and IFRS treatment
Clean cost basis and gain or loss reporting
Audit-ready workpapers for digital assets
Cleaner tax filings across IRS, HMRC, CRA, and ATO

Timeline

4 to 10 weeks for setup, ongoing close support

Engagement

Monthly retainer, Project, Sprint

Tools we use

Bitwave, Cryptio, SoftLedger, Ledgible, Excel

KPIs we track

Wallet reconciliation variance, close cycle days, audit adjustments, tax workpaper turnaround, disclosure completeness

Client stories

What clients say

"

We were drowning in tier-one tickets about password resets and appointment changes. They built a deflection layer on top of our help desk and kept their agents in the loop for anything sensitive. Volume to humans dropped 58 percent in two months and our patient NPS held steady. The hybrid handoff is the part most vendors get wrong. They did not.

P.M.

"

Our old site was a Frankenstein of three previous agencies. We gave them a hard launch date tied to a trade show and they actually hit it. 47 templates, full product catalog migration, no broken redirects on go-live day. Our previous vendor missed the same deadline twice. This time my phone stayed quiet on launch morning.

Marcus L.

Proof