How do I do crypto accounting on BOB?

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 BOB?

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

Can I sync BOB activity to my ERP?

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

Crypto accounting on BOB | Tulo

BOB (Build on Bitcoin) is a hybrid Layer 2 that combines Bitcoin's security with Ethereum's programmability and DeFi ecosystem. It enables Bitcoin holders to use their BTC in DeFi applications without wrapping or bridging to other networks. BOB supports both Bitcoin scripts and Ethereum Virtual Machine, allowing developers to build applications that leverage both ecosystems. The platform aims to unlock Bitcoin's trillion-dollar market cap for decentralized finance applications.

What does crypto accounting on BOB 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 BOB.
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 BOB

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.