How do I do crypto accounting on Sonic?

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 Sonic?

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

Can I sync Sonic activity to my ERP?

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

Crypto accounting on Sonic | Tulo

Sonic is a high-performance blockchain platform designed for speed and efficiency, targeting applications requiring ultra-fast transaction processing. It focuses on providing subsecond finality and high throughput for real-time applications and trading platforms. Sonic emphasizes performance optimization while maintaining decentralization and security guarantees. The platform enables new categories of applications that require near-instantaneous blockchain interactions.

What does crypto accounting on Sonic 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 Sonic.
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 Sonic

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.