How do I do crypto accounting on Avalanche?

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 Avalanche?

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

Can I sync Avalanche activity to my ERP?

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

Crypto accounting on Avalanche | Tulo

Avalanche is a high-performance blockchain platform featuring sub-second finality and supporting thousands of transactions per second. The platform uses a unique consensus mechanism called Snow family protocols, enabling near-instant transaction confirmation. Avalanche's subnet architecture allows for customizable blockchains with their own virtual machines and validator sets. The ecosystem has attracted major DeFi protocols and enterprise applications due to its speed and scalability.

What does crypto accounting on Avalanche 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 Avalanche.
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 Avalanche

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.