Expert Crypto Accounting, Bookkeeping, Compliance, and Tax Services

we understand the nuances of crypto accounting

Clearing Accounts

Managing and implementing clearing accounts is crucial for keeping transaction balances accurate and up-to-date. Our crypto bookkeeping team ensures that these balances are always precise. Good oversight adds significant value for reporting purposes.

Subledger

Subledgers are important because they provide detailed information about transactions. You can track all activities related to specific cryptocurrency wallets, such as deposits, withdrawals, and transfers. This information can help with tax compliance and financial reporting.

Accurate Price Recording

Crypto markets can change quickly, which means they need accurate records of transactions in real time. Your crypto bookkeeper specialist from the AquiferCFO team will ensure that every transaction is recorded correctly. This helps provide accurate financial reports, even when the market is very unstable.

Wallet Tracking

Keeping an eye on your crypto wallet's transactions and balances is important. This helps you understand the flow of your funds and gives you a clear view of your portfolio. Our crypto accounting team tracks every transaction to provide you with an accurate financial picture, so you can focus on growing in the crypto space.

Key Factors to Consider When Scaling Your Crypto Business

Scaling a crypto business requires a solid financial foundation that can adapt to market volatility and regulatory changes. At AquiferCFO, we specialize in crypto bookkeeping, helping businesses implement VC-standard accounting structures that support long-term growth. By handling the complexities of crypto accounting, we free you to focus on innovation and scaling your business with confidence. Here are the key financial factors every growing crypto business must consider:

Regulatory Compliance

The crypto and blockchain markets are always facing regulation challenges. Our team specializes in accounting for cryptocurrency projects. We help you understand the changes and make the necessary adjustments so you can continue operating. We collect and report the correct financial information to regulatory organizations.

Creating Financial Models

Crypto markets are volatile, therefore making it essential to rely on accurate financial models that can adjust to market changes and any other changes that occur in the market. The AquiferCFO team has experience creating reliable financial models in the crypto markets that help you minimize risk.

Revenue Recognition

The value of the cryptocurrency can differ significantly between the transaction time and the time it was reported. The price changes also make valuation hard to predict. Our crypto accounting team ensures that revenue recognition practices are industry-compliant, providing clarity and accuracy.

Taxation Expertise

Navigating the complex taxation landscape of cryptocurrencies requires expertise in calculating gains and losses accurately. Your crypto tax accountant from the AquiferCFO team will help to develop tax strategies and guide appropriate methods for calculating gains and losses to match the unique characteristics of your crypto assets.

Internal Controls and Integration

The AquiferCFO team specializes in designing and implementing stringent internal controls tailored to the decentralized nature of blockchain technology. Our team enables seamless integration of blockchain data with traditional financial systems, streamlining operations and enhancing transparency.

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Our Clients

Rich and the aquifer team helped us significantly improve our financial infrastructure. This allows us to focus on scaling faster, while feeling confident we have the right financial systems in place."

Cody Ruberto

Founder & CEO of URIDE

The Aquifer team has been incredibly insightful in approaching our finance stack, making them an invaluable partner for our business. They work with us rather than around us and continue to lend their expertise in the world of web3 accounting."

Justin Ho

CFO of Mojito

Aquifer was instrumental in helping GDA scale by providing financial infrastructure & processes, financial advisory seed + Series A rounds, corporate accounting & tax support, and any other ad-hoc projects. The team brought a strong sense of co-founder ownership."

Micheal Gord

Founder & CEO of GDA

Meet our Finance Experts

Our team at AquiferCFO brings specialized skills in accounting and finance, ready to support your business with precision and expertise.

Rich Zhou

CEO & Founder

Rich drives AquiferCFO’s mission to help startups scale with financial clarity and growth strategies.

Terence Papadacos

Manager of Accounting & COO

Terence ensures operational efficiency and financial strategy, helping clients achieve business growth.

Lydia Yu

Manager of Accounting

Lydia delivers precise bookkeeping and reporting, supporting businesses across the Asia-Pacific region.

Alexander Williamson

Senior Manager of Accounting

Alexander uses data analysis to provide clients with actionable financial insights for better decision-making.

FAQs

Find answers to your most pressing questions about our services and solutions.

How is Crypto Accounting Different From Traditional Accounting?

Crypto accounting has special challenges because of its decentralized nature, price fluctuations, and changing regulations. Unlike traditional assets, cryptocurrencies need specific tracking for transactions across wallets, exchanges, and smart contracts. Also, how we recognize revenue and handle taxes differs greatly from standard financial assets. This requires a customized accounting approach that AquiferCFO is ready to implement.

What Are the Key Compliance Requirements for Crypto Companies?

Crypto businesses need to follow certain rules about preventing money laundering and verifying customer identities. They must also report their taxes as required by the IRS, SEC, and other authorities. AquiferCFO crypto tax accountant is here to help keep accurate records, recognize the revenue correctly, and provide clear financial information. Doing this will help your company meet current compliance standards and avoid penalties.

How Do You Track and Record Crypto Transactions Accurately?

Accurate crypto bookkeeping requires automated tracking of on-chain and off-chain transactions, real-time price adjustments, and proper categorization of trades, transfers, and staking rewards. At AquiferCFO, we use specialized accounting tools and blockchain integrations to ensure precise reconciliation, eliminating discrepancies in financial reporting.

How Do You Integrate Blockchain Transactions With Traditional Accounting Systems?

We streamline blockchain accounting by integrating crypto transactions with standard financial software like QuickBooks, Xero, and NetSuite. Our team maps wallet movements, and smart contract activities, and exchanges data into structured financial reports, ensuring seamless alignment with GAAP and IFRS standards.

Do You Support Accounting for DeFi, NFTs, and Staking Rewards?

Yes, we specialize in DeFi, NFT, and staking reward accounting. Whether handling liquidity pool transactions, NFT royalties, or yield farming rewards, we apply industry best practices to track income, manage fair value assessments, and ensure proper tax treatment based on jurisdictional regulations.

Accounting for Cryptocurrency

Professional Accounting for Blockchain