How do I do crypto accounting on Swellchain?

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 Swellchain?

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

Can I sync Swellchain activity to my ERP?

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

Crypto accounting on Swellchain | Tulo

Swellchain is a blockchain platform optimized for liquid staking and restaking applications, focusing on maximizing capital efficiency in proof-of-stake networks. It provides infrastructure for building sophisticated staking derivatives and yield optimization strategies. The platform emphasizes security and composability for staking-related financial products. Swellchain enables new possibilities for staking infrastructure and yield generation in the proof-of-stake economy.

What does crypto accounting on Swellchain 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 Swellchain.
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 Swellchain

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.