Industries
Crypto and Web3 businesses
Crypto books fail at the same place every time: the join between on-chain activity and the fiat ledger. We build that join first.
Get my quote Call +1 (302) 601-0115 Book a free 30-minute call
- 447 Broadway, New York
- team of Certified Accountants, CPAs and Enrolled Agents
- Flat fees quoted upfront
- Replies within 8 hours
Get a fixed quote
Tell us the basics. We reply within 8 hours, no obligation.
What is different
- Every wallet and exchange account is a ledger; the fiat accounts see only the edges. Books have to reconcile both.
- Cost basis, realised and unrealised gains, and fee treatment have to be consistent across thousands of transactions.
- Treasury in stablecoins and tokens needs mark-to-market reporting and a policy for what is held versus sold.
- Payment and exchange businesses have obligations, fees and float that must be separated from company revenue.
- Licensing (MSB, VASP, state money transmission) brings reporting that the books must support.
What we set up
Wallet and exchange feeds into a subledger, a chart of accounts that separates client funds from company funds, monthly reconciliation of on-chain balances to the ledger, and treasury reporting by chain and asset. For payment businesses, journal automation from the platform's events into Xero, which is work we have built and run in production. Financial statements that an auditor or a regulator can trace.
Tax
1120, 1120-S or 1065 with digital asset disclosures answered correctly, Form 8949 reporting where gains are realised at the owner level, 1099-DA obligations for brokers from 2025, Form 5472 for foreign-owned entities, and coordination with our fintech licensing practice for entities that need an MSB registration or a crypto licence alongside the accounting.
Questions people ask
Can you reconcile on-chain wallets?
Yes. Wallet addresses and exchange APIs feed a subledger; we reconcile balances monthly and post summarised journals to QuickBooks Online or Xero.
Do you work with exchanges and payment businesses?
Yes. We have built and operated real-time journal automation from a payments platform into Xero, covering fiat and crypto flows, fees and treasury.
What about licensing?
Our fintech practice at fintech.somaniglobal.com handles MSB, crypto and gaming licences; the accounting and the licensing are kept consistent.
Ready for a fixed quote?
Two sentences from you. A written price within 8 hours. No obligation, no long-term contract.
Get my quote Call +1 (302) 601-0115 Book a free 30-minute call WhatsApp