How do I do crypto accounting on Zora?

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 Zora?

Core flows are supported; DeFi coverage may vary by protocol. Transactions and balances are normalized for reporting and audit.

Can I sync Zora activity to my ERP?

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

Crypto accounting on Zora | Tulo

Zora is a blockchain platform specifically designed for creators and the creative economy, focusing on NFTs, digital art, and creator monetization. It provides tools for artists, musicians, and creators to mint, trade, and monetize their digital works with minimal fees. Zora emphasizes community ownership and creator empowerment through decentralized marketplace infrastructure. The platform has become a hub for digital art and creative expression in the Web3 ecosystem.

What does crypto accounting on Zora 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 Zora.
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 Zora

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.