How do I do crypto accounting on Ethereum?

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 Ethereum?

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

Can I sync Ethereum activity to my ERP?

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

Crypto accounting on Ethereum | Tulo

Ethereum is the world's leading programmable blockchain platform, pioneering smart contracts and decentralized applications. It hosts the largest ecosystem of DeFi protocols, NFT marketplaces, and Web3 applications with over $50 billion in Total Value Locked. Ethereum's transition to Proof-of-Stake consensus has reduced energy consumption by over 99% while maintaining security. The platform continues to evolve with ongoing upgrades focused on scalability, security, and sustainability.

What does crypto accounting on Ethereum 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 Ethereum.
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 Ethereum

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.