How do I do crypto accounting on Cardano?

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 Cardano?

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

Can I sync Cardano activity to my ERP?

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

Crypto accounting on Cardano | Tulo

Cardano is a proof-of-stake blockchain platform that uses an extended UTXO model to enable smart contracts while maintaining UTXO security benefits. It emphasizes academic research, formal verification, and sustainable development through its layered architecture separating settlement and computation. Cardano features a unique governance system allowing stakeholders to vote on protocol improvements and treasury funding. The platform focuses on financial inclusion, particularly in developing countries, while maintaining high security and sustainability standards.

What does crypto accounting on Cardano 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 Cardano.
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 Cardano

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.