How do I do crypto accounting on Astar?

Ingest on-chain transactions, classify with rules, reconcile historical balances, value positions at period end, and export summarized journals to your ERP, with clear treatments for DeFi, swaps, and gas fees.

Does Tulo support DeFi on Astar?

Yes, major DeFi patterns are supported. Transactions and balances are normalized for reporting and audit.

Can I sync Astar activity to my ERP?

Yes. Post-reviewed journals can be exported with entity and account dimensions for ERP posting and reconciliation.

Crypto accounting on Astar | Tulo

Astar is a multi-chain smart contract platform on Polkadot that supports both EVM and WebAssembly (WASM) environments. It serves as Polkadot's primary smart contract hub, enabling interoperability between different blockchain ecosystems. Astar features a unique Build2Earn model that rewards developers for building and maintaining dApps on the platform. The network acts as a bridge between Ethereum and Polkadot ecosystems, supporting cross-chain functionality.

What does crypto accounting on Astar involve?

Ingesting on-chain transactions into a human-readable general ledger.
Tracking historical token balances and cost basis for realized/unrealized gains.
Classifying DeFi (swaps, LP, staking, bridges) with clear audit trails.
Mapping activity to a chart of accounts for financial statements.

Recommended workflow for finance teams

Connect wallets, custodians, and contracts relevant to Astar.
Auto-tag common patterns (transfers, swaps, fees) using rules.
Reconcile balances across custody sources and on-chain snapshots.
Review exceptions, assign accounts/entities, and export to ERP.

Common accounting treatments on Astar

Gas fees: typically expensed; capitalize when attributable to asset acquisition.
Swaps: disposal + acquisition with fair value at execution.
Staking rewards: recognize income upon receipt; track tax lots for disposals.
LP positions: record deposits/withdrawals; value positions to capture P/L.

ERP integration

Export summarized journals to your ERP with entity, account, class, and memo dimensions. Keep IDs consistent across environments to support automated, repeatable syncs.