ACCOINTING.com is a one-stop platform that allows cryptocurrency users to track their crypto portfolios and file their crypto taxes. It was founded in 2018 and is headquartered in Switzerland.
It has a desktop platform and a mobile app; both of which have a user interface that features that has an insightful dashboard to help users track the performance of their decentralized finance (DeFi), centralized finance (CeFi), and non-fungible token (NFT) transactions in real-time.
It helps users to easily categorize their trades and transactions for the purposes of filing taxes in their respective countries or regions.
Here is a must-read review of ACCOINTING.com highlighting how it works, its key features, its pros and cons, and why you should use it.
ACCOINTING.com offers a set of tools to help with the following tasks:
ACCOINTING.com has integrated with over 400+ crypto service providers including crypto wallets, exchanges, and DeFi protocols, to allow you to automatically import your transactions from your crypto wallets and exchanges for purposes of calculating your gains and losses. It also lets you do a real-time analysis of your performance and deep-dive into your transaction history across the cryptoverse.
In addition, ACCOINTING.com enables you to get your crypto tax reports in only 5 clicks. You can get the reports in FIFO, LIFO, and HIFO formats.
You can also review the performance of the general crypto market, set up alerts, research trending tokens, and share the personalized and curated token list via Twitter.
ACCOINTING.com has over 400+ integrations with crypto exchanges, wallets, blockchains, and other crypto service providers to help users import transactions from other crypto platforms.
Some of the exchanges that it has integrated with are Binance, OKX, FTX, BitPanda, FTX, Coin Spot, Kraken, Gemini, Poloniex, and Kucoin.
ACCOINTING.com has a crypto portfolio dashboard on its desktop, iOS, and Android platforms that allows users to automatically connect to all their crypto exchanges and wallets to see a summary of their trades, and net profit.
This allows users to automatically classify and calculate their crypto taxes. It allows users to take account of all crypto activities including DeFi staking, margin trading, mining, and trading. The calculator applies the generally accepted crypto tax principles in generating crypto tax reports.
Besides helping in crypto tax reporting, the crypto tax calculator also helps in identifying possible tax-saving opportunities.
ACCOINTING.com has four packages: the starter, Hobbyist, Trader, and Pro.
Filing crypto taxes can be quite challenging especially when you are involved in too many transactions including NFTs. The hardest part is classifying the crypto transactions to determine what type of tax to pay and it becomes even harder when you are transacting or trading different crypto products.
ACCOINTING.com provides a one-stop platform where you can generate crypto tax reports for filing your crypto taxes. You can select the package to use depending on the number of transactions you have made in the year under consideration.
Once you sign up and pay for your package of choice it only takes about 5 clicks to automatically generate crypto tax reports. It saves you the agony of manually classifying and calculating how much tax you should pay.
Besides, they have outstanding customer service, best-in-class accuracy when generating the tax reports, and offer detailed explanatory guides to help newcomers understand how to go about the process of filing their crypto taxes.
ACCOINTING.com is a game changer in filling crypto taxes for individual crypto users and organizations. Mid-Size businesses, small businesses, enterprises, individual freelancers, crypto whales, nonprofit organizations, and governments choose from the same packages depending on the number of crypto transactions in consideration.
It is a great choice when looking for a platform to generate crypto tax reports since you can link to any crypto service provider. It has integrated almost all crypto exchanges and wallets, and the few exchanges and wallets that ACCOINTING.com has not integrated are commonly because they do not have APIs.
The post ACCOINTING.com review: track crypto portfolios and generate crypto tax reports appeared first on CoinJournal.
