How do I do crypto accounting on Polygon zkEVM?

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 Polygon zkEVM?

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

Can I sync Polygon zkEVM activity to my ERP?

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

Crypto accounting on Polygon zkEVM | Tulo

Polygon zkEVM is a Layer 2 scaling solution that uses zero-knowledge proofs to provide Ethereum security with improved scalability. It offers full EVM bytecode compatibility, allowing existing Ethereum applications to deploy without modifications. The platform combines the security of Ethereum with the efficiency of zero-knowledge rollups for optimal performance. Polygon zkEVM represents the cutting edge of blockchain scaling technology.

What does crypto accounting on Polygon zkEVM 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 Polygon zkEVM.
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 Polygon zkEVM

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.