TaxBit Accounting Suite Newsletter — May 2023

Contents

• Reconciliation Workflow

• Speed Improvements

• QuickBooks Marketplace

• Other Updates

Reconciliation Workflow

Identifying transactions that need to be properly categorized, or cleaning up contacts that may not be labeled appropriately, can make navigating your transactions significantly easier. We have introduced an intuitive reconciliation workflow to allow you to easily identify such transactions or contacts at the click of a button – ensuring that your activity can remain as accurate as possible.

QuickBooks Marketplace

The TaxBit Accounting Suite is now live on the QuickBooks marketplace. This represents a significant milestone, demonstrating the depth of our integration with one of the most popular accounting solutions.

Speed Improvements

We have introduced significant speed improvements to the transaction and reporting page. Simply navigate to the pages as usual, and experience up to a 95% reduction in loading time!

Asset Filtering in Reports

If you need to filter a specific report by a certain token, you now can. We have introduced the ability to select your desired cryptocurrency asset directly from the reports page and have the report automatically update in real-time. This filter is available on the Gain / Loss, Asset, Balance, and NFT reports. 

Other Updates

• Complex internal transfers with multi-directional smart contract triggers are now broken out by type to ensure that your categories and automated rules are applied as expected.

• The Contacts page has been refreshed to allow you to create new sources directly from an unknown address, see recent transactions associated with the address more easily, and allow you to more easily connect multiple addresses to a single contact.

The Future of Crypto Accounting

At TaxBit, we are building pioneering solutions for digital asset accounting. Our technology is trusted by some of the world’s largest regulatory agencies, accounting firms, and crypto enterprises as we enable the following:

• Scalability to handle tens of millions of transactions

• A controlled environment to support robust control frameworks

• Support for GAAP-compliant journal entry and asset tracking

• Audit support that is built with your auditors in mind

• Transparency into transaction and accounting details

• Industry thought leaders with technical accounting expertise; former FASB/AICPA/Big4 employees working with national offices as your partners

Contact us to learn more, explore partnership opportunities, or schedule a demo of our enterprise solutions.