Learn how to connect your Coinbase cryptocurrency. This is part of QuickBooks Labs.
Do you use Coinbase to buy and sell cryptocurrency? You can import these transactions to QuickBooks Self-Employed so all of your accounting is in one place. Note: This feature is currently only available in QuickBooks Self-Employed Labs to test users.
Connect your Coinbase account
- Sign in to QuickBooks Self-Employed.
- Select the profile ⚙ icon. Then select Labs.
- Go to the Coinbase section and select Turn It On.
- Follow the steps to connect your account.
After you connect, QuickBooks will download your cryptocurrency transactions. You'll need to review and categorize them.
Important: For tax purposes, Coinbase transactions come in as Personal only. You can't change them to Business. IRS regulations with cryptocurrency can be complicated. Reach out to an accounting professional if you need help understanding the tax implications of cryptocurrency transactions.
Managing your Coinbase transactions
To see all of your Coinbase transactions, go to the Transactions menu. Sort the transactions using the filters to just see your cryptocurrency.
If you want to hide specific coin wallets, select the profile ⚙ icon and the Bank Accounts. You can turn connections on and off.