Has anyone managed to use Quick books to track and record CryptoCurrency Trading data, I have approx 20,000 trades in last financial year and cannot figure out how to track these purchases and sales of multiple (hundreds) of different coin pairs on at least 12 exchanges. any pointers gratefully accepted.
Cryptocurrency Community is growing fast and Bitcoins are already used for online trading or transactions now a days, Glyn.
QuickBooks needs a third-party application to track and record your Cryptocurrency Tranding data. This application (for example, BitPay or Shopify) should be able to process Bitcoin payments and can integrate with our program.
You can also browse these articles about Cryptocurrency and QuickBooks:
If you need assistance of the integration process, I'd recommend contacting the third-party application's support.
Meanwhile, if you want to record your trading data manually, it'd be best to consult your accountant. They can give you different options that will suit your business setup.
Other traders (that use QuickBooks to record their trading data) might be able to see this post and provide you additional pointers, too.
Feel free to drop by again if you need anything else. Have a great day!
many thanks for your reply but I do not want to accept BTC for sales. I am a DayTrader in Crypto and need a way to import 20,000 transactions.
We're unable to directly import Crypto transactions into QuickBooks. Though, you can use a third-party app to do it.
Please visit our website to see our supported applications: https://apps.intuit.com/app/apps/home.
In the meantime, you can refer to the articles provided by my colleague @James above for information.
We're always here if you have further concerns. Thanks for posting!