Enterprise-grade
digital asset platform for
tax and accounting
Crypto Backoffice integrates audit - tax and accounting automation with advanced workflow and process expertise.
How it works
Enterprise-grade
digital asset platform for
tax and accounting
Crypto Backoffice integrates audit - tax and accounting automation with advanced workflow and process expertise.
Enhance your tax and accounting with ready-to-use tools designed to simplify workflows and boost productivity.
Enhanced visibility of activities via APIs and web socket connectivity allows seamless data integration and sanitization from exchanges and chains.
Choose from various tax lot closing method (FIFO, LIFO, HIFO, LCFO, STMAXLOSS & lot more) to efficiently report unrealized and realized (ST/LT) gain/loss.
Conquer complexity with accounts, exchange, wallet level tracking along with SAFE, SAFT, NFT’s, liquidity pools and many more.
Automate portfolio accounting and valuation with categorization, transfer tracking with workflows.
Identify and address discrepancies through 'daily' cash and position reconciliation.
Benefits you'll appreciate
Track every transaction and sync information across all accounts and exchanges seamlessly
Our technology is integrated via APIs or web sockets with over 120 exchanges, 120 blockchains, and Defi aggregators, ensuring seamless data import, generalization and reconciliation through intelligent automated workflows, significantly minimizing manual tasks.
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Gain unparalled flexibility with rule-based lot identification and Choose from tax lot methods like FIFO, LIFO, HIFO, LCFO, STMAXLOSS and more to efficiently report unrealized and realized (ST/LT) gain/loss.
Whether you trade on a single exchange/wallet or across multiple, get a unified view of your currency, DeFi and other currency with account by account and wallet by wallet accounting and reporting.
Easily import historical cost basis for each account by account or wallet by wallet accounting and reporting, while maintaining the original cost basis during transfers.
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Ensure accuracy and transparency with daily cash and position reconciliation for each account and wallet. Stay updated on your balances and positions with precise, automated reports, giving you complete control and confidence in your financial data.
Crypto Backoffice captures data at a granular level, providing you one golden copy of data. Whether you need a comprehensive report across all accounts or detailed reports for individual accounts, it consolidates everything seamlessly for the accounting and portfolio.
Benefit from a secure, scalable cloud infrastructure with 99.97% uptime and seamless integration with external sources. Detailed audit logs, SOC 2 Type 2, GDPR, NIST audits, and BCP/DRP compliance ensure top-tier data protection and reliability.
Crypto Backoffice is a technology platform by Formidium, where we revolutionize crypto tax and accounting through tailored & scalable solutions with adaptive technology. Committed to excellence, we guide you in navigating and thriving within the ever-changing crypto landscape.
Article January, 2025
Press Release June, 2024
*Amount in $ represents USD
| Entities |
| Wallets & exchange accounts |
| Transactions |
| Number of users |
| Whitelabelled URL |
Support |
|---|
| Onboarding support(one time) |
| Tech support |
| 5 |
| 20 |
| 100,000 |
| 2 |
| Included |
| 10 hrs. |
| 2 hrs./month |
| 10 |
| 60 |
| 250,000 |
| 4 |
| Included |
| 20 hrs. |
| 5 hrs./month |
| 20 |
| 120 |
| Unlimited |
| 10 |
| Included |
| 50 hrs. |
| 10 hrs./month |
Add ons |
|---|
| Additional accounts |
| Additional entities |
| Additional transactions |
| Additional users |
| Additional support hours |
| Additional tech support |
| $1800/p.a./10 accounts |
| $150/entity/month |
| $2000/p.a./100k transaction |
| $1000/p.a./user |
| $75/hr. |
| $75/hr. |
Features |
|---|
| Portfolio tracking |
| Capital gains preview |
| DeFi & NFT |
| FIFO, LIFO, highest cost & more |
| Wallet-based cost tracking(Spec ID) |
| Wallet based cost tracking |
| Lot based reporting |
| High volume transaction tracking |
Data Import |
| Exchange API sync |
| CSV file import |
| EVM chains auto-sync |
| xPub/yPub/zPub import |
| Custom integrations(ERP's, Exchanges, Protocols, Custody) |
| Coinbase, Binance, Kucoin & others |
| Solana, Polygon & others |
| Custom file import |
Reports |
| Form 8949, Schedule D |
| 1099 DA reporting |
| International tax reports |
| Comprehensive audit report |
| Export to CCH and other software |
| Full general ledger |
| Short term/long term gain/loss |
| Full general ledger |
Exceptional Features |
| Smart transfer matching |
| Mining, Staking, Lending, Airdrops |
| Exchange & transaction fee tracking |
| Supports 25k+ cryptocurrencies |
| Historical Pricing |
| Whitelabelled application |
Error Reconciliation |
| Auto balance verification |
| Double-entry ledger for every asset |
| Advanced transaction filtering |
| Transaction sorting by gains |
| Cost analysis |
Identify
taxable and non-taxable
events with gain/loss reporting on tax returns.
Understand tax
implications of
various activities like , Airdrop, Hard Fork, Soft Fork, Staking etc.
Develop
efficient process to
overcome challenges and bottlenecks to overcome.
Explore the
benefits of automated
process for data capturing/santizing/process and reconciliation.
Craft effective
resource allocation
strategies to ensure data quality and facilitate reconciliation.
Data
connectivity via
API/Websocket, FTP, external system
Daily
cash and position
reconciliation for each account and wallet
Daily
portfolio
valuation and reporting
Audit
ready portfolio &
accounting reports
3025 Highland Pkwy Suite 330 Downers Grove, IL 60515
