How do I do crypto accounting on Base?

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 Base?

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

Can I sync Base activity to my ERP?

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

Crypto accounting on Base | Tulo

Base is Coinbase's Layer 2 solution built on Optimism's OP Stack, designed to bring mainstream adoption to decentralized applications. It offers secure, low-cost transactions while maintaining full Ethereum compatibility and easy fiat onramps through Coinbase. Base focuses on consumer-friendly applications and aims to onboard millions of users to Web3. The platform leverages Coinbase's regulatory compliance and user base to bridge traditional finance with DeFi.

What does crypto accounting on Base 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 Base.
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 Base

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.