Everything Everywhere All at Once.
Great movie!
Academy award winner, Best Picture, wow!
And it looks alot like the biggest problem in crypto accounting.
In the movie, the hero, Evelyn, dealing with an evil IRS audit, goes on an epic quest to connect to a parallel version of herself to prevent a powerful being from destroying the multiverse.
Sound familiar?
Connecting the Crypto Universe with the Accounting Universe.
It’s hard!
That’s our biggest problem.
Connecting crypto everything, everywhere, all at once to accounting reporting.
Accounting is old, and established, and neat, and orderly, and has proven practices for financial reporting, and it has this powerful being called the IRS.
Crypto is new, and moving, and can be hectic, and disorderly, and has new practices.
And…Crypto also has a powerful being, the IRS.
Your problem is getting all the activity and action and transactions and assets from the Crypto Universe over to the Accounting Universe.
And getting it over quickly, accurately and in the right categories with a proper transaction trail and information.
In the Crypto Universe you have wallets and exchanges and crypto payments and crypto invoices and crypto asset valuations that are nowhere to be seen in the Accounting Universe.
In the Accounting Universe, you need to record financials in a way that is established, neat and orderly with proven practices and keep compliant with the IRS.
And, accountants, like us, don’t want to spend all day/week entering and reconciling.
So, we created the Universal General Ledger feature.
When you use the Universal General Ledger (“UGL”) feature from Gilded, you’ll bridge the Crypto Universe to the Accounting Universe by directly mapping transaction information from the Crypto Universe in Gilded, into the Accounting Software you use.
And you’ll bridge the two universes fast, neat, and orderly with proven practices for financial reporting, and be able to answer any questions that powerful being, called the IRS, can ask.
UGL works with any accounting software that allows you to do a CSV import into your general ledger.
Or UGL can be used to summarize large numbers of transactions into a single journal entry.
UGL Works With:
QuickBooks? Yes.
NetSuite? Yes.
Xero? Yes.
The rest?
Sage, FreshBooks, Zoho Books, ZarMoney, Blackbaud, Plutoport, Wave Financial?
All of them?
Yes.
Process of UGL:
So, how does it work?
1) Initially, you set up your specific General Ledger accounts in your accounting software. You probably already have all of your General Ledger accounts set up.
2) You then import your GL chart of accounts into Gilded.
3) Within Gilded, you classify your individual transactions or types of transactions so that they align with the imported General Ledger accounts.
4) You export the CSV of journal entries aligned with your General Ledger accounts, from Gilded.
5) Then you import the CSV file into your Accounting Software’s General Ledger.
6) Done!
What types of info?:
You can classify your transactions within Gilded and import them into your General Ledger with any of the following categories:
Account #
Account Name
Debit
Credit
Wallet Name
Wallet Address
Transaction Hash
Base Currency
Description
Create Date
Last Update
Transaction Detail Memo
Counter parties
Tokens
You deserve a smooth, time saving, transaction detailed trackable system to import data to your accounting system.
You’ll get faster, more accurate and well documented financials using our Universal General Ledger export.
And be prepared for any questions which come your way from your CPA, or that powerful being, the IRS.
