How do I do crypto accounting on SKALE Europa Hub?

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 SKALE Europa Hub?

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

Can I sync SKALE Europa Hub activity to my ERP?

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

Crypto accounting on SKALE Europa Hub | Tulo

SKALE Europa Hub is optimized for DeFi and financial applications within the SKALE network ecosystem. It provides high-performance infrastructure specifically designed for trading, lending, and other financial protocols. The hub offers zero gas fees and instant finality, making it ideal for high-frequency DeFi interactions. Europa Hub enables new DeFi experiences that would be prohibitively expensive on other networks.

What does crypto accounting on SKALE Europa Hub 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 SKALE Europa Hub.
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 SKALE Europa Hub

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.