How do I do crypto accounting on Flow EVM?

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 Flow EVM?

Core flows are supported; DeFi coverage may vary by protocol. Transactions and balances are normalized for reporting and audit.

Can I sync Flow EVM activity to my ERP?

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

Crypto accounting on Flow EVM | Tulo

Flow EVM is the Ethereum Virtual Machine implementation on Flow blockchain, enabling Ethereum developers to deploy on Flow's infrastructure. It combines Flow's scalability and user-friendly features with Ethereum's mature tooling and developer ecosystem. Flow EVM supports major NFT projects and consumer applications while offering better performance than Ethereum mainnet. The platform maintains Flow's focus on mainstream adoption while providing familiar development environments.

What does crypto accounting on Flow EVM 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 Flow EVM.
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 Flow EVM

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.