Updates

TaxBit Accounting Suite Product Update - August 2023

Kraken Integration, Improved Solana Integration, QuickBooks Enterprise Fields, UX Improvements, and more

By: Ezra Baydur

Director of Product, Accounting

Published on:

Welcome to the August installment of our latest product newsletter. The TaxBit Accounting Suite team has been relentlessly focusing on bringing you another round of product enhancements as our Summer slowly comes to an end. 

Register here for our upcoming webinar with KPMG, where we will discuss “Operational Considerations for Enterprise Crypto Accounting”. If you are a CPA, you can earn free CPE credits!

As always, if your business is ready to start saving time and money by implementing a crypto accounting software or to improve upon your current solution, contact us!


Contents

  • Kraken Integration

  • Improved Solana Integration

  • QuickBooks Enterprise Fields

  • UX Improvements

  • Other Updates


Kraken Integration

The summer of sources continues at TaxBit and we are excited to announce our latest end-to-end integration - Kraken. Simply enter your API Key and let TaxBit Accounting do the rest. 

Our Kraken integration is currently in Beta. Please contact your account representative to be enrolled.


Improved Solana Integration

We are introducing a more robust integration with Solana, meaning faster imports and native support for all transaction events, including transfers, burns, bridging, minting events, and more! 

Further, our pricing will more accurately weed out spam tokens and ensure that your portfolio is only showing you the tokens that you care about. No action is required from your end.


QuickBooks Enterprise Fields

For our QuickBooks Online plus users who use Class and Location as part of their accounting, you can now configure these components in our Accounting mapping configuration to ensure your journal entries seamlessly carry over these key business units into your QuickBooks instance. These settings are also included as part of any detailed mappings to help you organize your activity in a way that makes the most sense for your business.


UX Improvements

We listened to some of your top feature requests, and are delighted to say we’re shipping a series of key usability improvements. 

Journal Preview

Filtering Enhancements


Other Updates

  • Mapping drop-downs in the Chart of Accounts editor that are not relevant to your journal entry are no longer editable to reduce confusion around syncing workflows

  • We have made improvements to our date range selector to more accurately represent desired date ranges across multiple time zones

  • Our app has been enhanced to offer a more consistent experience across both PC and Apple devices

  • The reports on our reporting page have had their name and descriptions updated to better reflect their use case

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