What is it?
Cryptoworth helps businesses of all sizes automate their back-office crypto accounting tasks by syncing with over 190 blockchains and more than 1,000 other sources, unlocking reliable financial control over digital assets and optimizing crypto asset management effortlessly. Cryptoworth offers:
- Crypto Accounting Solutions
- Digital Assets Treasury Management Solutions
- DeFi Solutions
- NFT Solutions
- Staking Solutions
- AR/AP Solutions
- GameFi Solutions
- API Solutions
What problem does it solve?
Cryptoworth solves the problem of efficiently managing and reconciling cryptocurrency transactions across various blockchains and centralized exchanges. It automates the aggregation, classification, and integration of crypto data into accounting systems, significantly reducing manual effort and errors. By providing real-time transaction processing, historical tracking, and centralized management of multiple wallets, Cryptoworth enhances accuracy and efficiency in crypto accounting, making it easier for professionals to handle complex scenarios such as DeFi transactions and cross-chain swaps.
Core Problems Solved:
- Data Aggregation and Integration: Cryptoworth automates the aggregation of trading data from multiple platforms and integrates it into accounting systems, eliminating the need for manual API building and ensuring accurate data collection.
- Transaction Classification and Reconciliation: The platform offers semi-automated classification of on-chain transactions and syncs data from various blockchains and wallets, improving the efficiency and accuracy of daily and monthly reconciliations.
- Comprehensive Crypto Management: Cryptoworth provides centralized management of multiple wallets, real-time transaction processing, historical price tracking, and handling of complex accounting scenarios like DeFi transactions and cross-chain swaps.
Feature Highlights
- Automates calculations for unrealized and realized gains
- Automates spot price calculations
- Cost basis tracking using FIFO, HIFO, WAC, and ACB methods
- Tracks transaction history from blockchains, wallets, and exchanges
- Categorizes transactions based on predefined rules
- Provides detailed search and filtering
- Integrates data from over 200 sources
- Syncs with existing accounting or ERP systems
- Generates comprehensive reports and real-time dashboards
- Tracks crypto data via public addresses or read-only API keys
- Extensive integration library for digital asset accounting and reporting
- Runs Cost Basis, WAC, and LIFO calculations
- Supports reporting for ERPs like Oracle Netsuite, Quickbooks, and Xero
- Generates CSV and PDF reports for advanced financial management