How do I do crypto accounting on Cronos?

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 Cronos?

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

Can I sync Cronos activity to my ERP?

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

Crypto accounting on Cronos | Tulo

Cronos is Crypto.com's EVM-compatible blockchain designed to bridge traditional finance with DeFi through seamless user experiences. It offers fast and low-cost transactions while providing easy integration with Crypto.com's ecosystem of products and services. Cronos focuses on mass adoption by connecting millions of existing Crypto.com users to decentralized applications. The platform emphasizes user-friendly interfaces and familiar Web2-like experiences to onboard mainstream users to Web3.

What does crypto accounting on Cronos 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 Cronos.
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 Cronos

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.