TaxBit Accounting Suite Product Update - September 2023
Multiple Exchange Account Support, Arbitrum, Optimism, and Avalanche-C Integrations, NetSuite ERP Integration, and more
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Welcome to the September installment of the TaxBit Accounting Suite product newsletter. We rounded out Q3 strong, and are continuing to focus on bringing you unparalleled product velocity at the highest quality.
Register here for our upcoming free CPE webinar “Crypto Accounting 101” where we will dive into how to get started with crypto accounting and show you tangible examples of the most common transaction types and what they should look like in your chart of accounts.As always, if your business wants to start saving time and money by implementing a crypto accounting software, or is ready to improve upon an existing solution, contact us!
Contents
Multiple Exchange Account Support
Arbitrum Integration
Optimism Integration
Avalanche-C Integration
NetSuite ERP Integration
Other Updates
Multiple Exchange Account Support
TaxBit Accounting Suite users can now load multiple instances of a single centralized exchange, such as Coinbase, into a single TaxBit account. This is particularly useful for businesses with complex controls for various digital asset business activities, such as separation of customer and corporate balances. See here for the list of available integrations.
Arbitrum, Optimism, and Avalanche-C Integrations
The summer of sources has been a success at TaxBit and we are excited to announce our latest end-to-end integrations - Arbitrum, Optimism, and Avalanche-C. Simply enter your wallet address and let TaxBit Accounting do the rest.
These integrations are available to customers on-demand. Please contact your account representative to be enrolled.
NetSuite ERP Integration
Stay tuned later this month for our end-to-end NetSuite integration. If your business is using NetSuite as an ERP, TaxBit will soon be able to bridge the gap between your blockchain activity and your existing chart of accounts, general ledger, and financial reporting software.
Contact your account representative today to learn more!
Other Updates
We have improved our synchronization state between QuickBooks Online and TaxBit Accounting Suite to take into consideration downstream edits by QBO users.
Dashboard enhancements to better allow users to keep track of total on-chain and off-chain fees incurred during their digital asset activity.
