How do I do crypto accounting on XCAP?

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 XCAP?

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

Can I sync XCAP activity to my ERP?

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

Crypto accounting on XCAP | Tulo

XCAP appears to be focused on cross-chain capabilities and capital markets applications within the blockchain ecosystem. It likely provides infrastructure for cross-chain asset management, institutional trading, and capital market integrations. The platform would emphasize institutional-grade features and regulatory compliance for traditional finance integration. XCAP represents the bridge between traditional capital markets and decentralized blockchain systems.

What does crypto accounting on XCAP 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 XCAP.
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 XCAP

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.