How do I do crypto accounting on Fantom?

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 Fantom?

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

Can I sync Fantom activity to my ERP?

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

Crypto accounting on Fantom | Tulo

Fantom is a high-performance blockchain platform using directed acyclic graph (DAG) technology for near-instant transaction finality. It offers extremely low fees and supports thousands of transactions per second through its innovative Lachesis consensus mechanism. Fantom has built a thriving DeFi ecosystem with major protocols like SpookySwap and Geist Finance. The platform focuses on real-world adoption through partnerships with government and enterprise clients.

What does crypto accounting on Fantom 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 Fantom.
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 Fantom

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.