Accounting Tools Designed to Meet the Needs of Bitcoin Miners
Automation, accuracy, real-time calculations, and seamless end-to-end integrations for miners to easily manage crypto accounting requirements while staying compliant with evolving regulations.
Mining Reward Identification
Automatically identify mining rewards based on the source the rewards come from on a recurring basis.
Those rewards can be viewed as transactions or summarized in roll forward reports in real time.
Custom Mining Reward pricing
Transactions are automatically priced based on your unique activity, pricing sources, and principal market.
Transactions can be priced using time stamps, day after rewards, or prior day average daily price if the receipt of rewards is delayed.
Enhanced Audit Readiness
On-demand reports built to meet evolving compliance requirements. Realized gain and loss calculations based on your desired cost basis methods, real time income reporting for mining rewards and fair value measurement & adjustment.
“TaxBit’s accounting solution has enabled us to automate much of our accounting and reporting for our digital asset activity, bringing unmatched expertise and efficiency gains to our accounting operations. This includes support for our early adoption of the new accounting guidance. The onboarding process was smooth and easy and we’re excited to be working together.”
John Lee
Chief Accounting Officer
ENTERPRISE-GRADE CRYPTO ACCOUNTING SOFTWARE
TaxBit Accounting Platform
- Full support for the FASB’s new accounting disclosure requirements. We’ve automated the new disclosure reporting and our solution can automate your fair value adjusting entries.
- Multi-legal-entity module enables companies to seamlessly report across multiple legal entities and automate the GAAP and tax bookkeeping.
- Extensive integrations to support complete and accurate data capture across your mining activities.
- Support for IFRS and foreign currency reporting allows TaxBit to support your global needs.
SCHEDULE A DEMO
Accounting Tools Designed to Meet the Needs of Bitcoin Miners
Take the first step towards automating your BTC portfolio accounting. Schedule a demo today to see significant time savings and efficiency gains through mining reward identification, custom mining reward pricing, and enhanced audit readiness.