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How Evalua8 approaches crypto bookkeeping

We shared our checklist of tips and tricks while doing crypto accounting in our blog post - Crypto bookkeeping - our unmissable 6-point checklist

We have taken this a little further and shared a video that explains what we mean by our unmissable checklist. These processes have been iterated by Evalua8 over a period of three years. Hopefully this video can drive the methodology home better.

In summary our checklist says,

Point 1 - Don't overhaul your legacy software like Xero and Quickbooks straight away

Point 2 - Supporting documents and audit trail are important and needs care

Point 3 - Transactions should be set to deduct the correct VAT % at source for UK companies

Point 4 - Have an understanding of crypto specific events such as forks and airdrops

Point 5 - Keep track of blockchain and transaction charges

Point 6 - Conduct periodic internal reviews

Happy listening!


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