As 2021 quickly comes to a close, you may be preparing how to file your cryptocurrency taxes. Even the most experienced cryptocurrency accountants use crypto accounting software to help keep track of their transactions to ensure an accurate filing. 

Cryptocurrency software is a simple way to keep track of your transaction data, profits, and losses. A quick online search may leave you confused about which software is better than others. We’ve compiled our five favorites to get you started, but first, here are some features to consider.

Features to Look for in Crypto Accounting Software

The best crypto account software options include some sort of portfolio tracking feature, allowing you to easily see the total value of your investments. All wallets, platforms, exchanges, and blockchains are updated in real-time for the most accurate data possible. 

In addition to portfolio tracking, look for software that offers tax optimization strategies such as tax-loss harvesting and tax lot ID methods. This helps ensure that you aren’t overpaying your taxes.

Integrations are another important feature of crypto accounting software; integrations with your digital wallets and exchanges make it that much easier to keep tabs on all of your transactions for an accurate filing. 

Here are some of our favorite software options that result in timely, accurate filings for our clients.

Our Top 5 Crypto Accounting Softwares

CoinTracking

CoinTracking is a great place to track all of your cryptocurrency transactions in real-time. The software has access to 15,287 coins and assets and over 12 years of historical data. In addition to a straightforward and helpful dashboard, CoinTracking offers features such as reporting, charts and trends, tax reports, and more. 

Accointing

Accointing is another popular crypto accounting software that allows users to connect wallets through an API or blockchains. It supports over 300 wallets and exchanges and allows users to track their crypto portfolio both on a desktop and mobile app. Use the data from Accointing to further analyze your cryptocurrency investments.

CoinTracker.io

Another popular crypto software that we know and trust is CoinTracker.io. It includes dynamic features such as a crypto portfolio assistant, crypto tax guidance, an accountant-specific portal, and enterprise-level guidance. It also offers white-labeled solutions for other companies to take advantage of their offerings. 

TokenTax

Many of our experts trust TokenTax. It’s a software that doubles as a full-service crypto tax accounting firm. It can help with crypto tax reports, margin trading, and tax loss harvesting. In terms of integrations, it supports every exchange. This makes it easy for those with a diverse portfolio to trust the platform for accurate filings and calculations.

ZenLedger 

The features of ZenLedger are comprehensive. The software also offers self-generated crypto tax forms to help calculate your cost basis and capital gains. ZenLedger supports all crypto exchanges and wallets. 

Reach Out to a Founder’s CPA Team Member

Our experts will help you understand exactly what you need to know to stay compliant with your crypto tax requirements. Not only do we recommend the above software, but we can help you implement them appropriately to save money on your taxes. To learn more about how we can help, schedule a free consultation with us.

Curt Mastio
Post by Curt Mastio
Dec 1, 2023 2:02:37 PM
Curt Mastio started Founder’s CPA in 2017 and currently serves as the Managing Partner of the firm. After obtaining both his Bachelor’s and Master’s degrees in accounting from the University of Illinois in Urbana-Champaign Curt started his career in Big Four public accounting. Shortly thereafter Curt served as the Chief Financial Officer of Storage Squad began his stint as an Adjunct Instructor at Northwestern University’s Farley Center for Entrepreneurship and has been teaching Accounting & Finance to undergraduate students for 6+ years. In his current role Curt oversees strategy, operations, and business development at Founder’s CPA. Further, Curt has experience working directly with 200+ startups and small businesses providing accounting, tax, and outsourced CFO services. His industry expertise lies in the SaaS, Blockchain, Marketplace, and Fintech industries. He has served as a key advisor working directly with startups that range from pre-revenue to companies generating over $30 million dollars a year in revenue. Lastly, he serves a key role working directly with the firm’s clients that have collectively raised over $200 million in venture capital funding to date. Curt is also an active advisor, mentor, and investor in the startup ecosystem. He has facilitated numerous workshops, webinars, and presentations to incubators and other startup-centric organizations. He is also an active mentor for Techstars in both Chicago and Iowa. Outside of his daily professional duties Curt is actively involved with Beat the Streets Chicago and was a founding member of its Young Professionals Board. His efforts in both leadership and community involvement were recognized when he was awarded the Illinois CPA Society’s Outstanding Young Professional Leadership Award in 2020. He was also a panelist at their annual conference in 2022 where he spoke about his experiences starting and operating a public accounting firm. He maintains an active Certified Public Accountant designation that he obtained in 2014. Outside of work, Curt can be found spending time with his friends & family including his dog Rufus. His hobbies include golf, boating, cooking, reading, and attending sporting events & concerts.