Crypto accounting for Xero
CryptaCount is the live, two-way Xero connector for crypto. It ingests your on-chain and exchange activity, calculates cost basis and gains, and posts clean period journals to Xero — mapped to your chart of accounts and tracking categories — while the transaction-level detail stays in the sub-ledger. The sync runs both ways: it imports your chart of accounts and tracking categories from Xero so mapping is automatic, and exports (posts) the reconciled journals back.
How it works
Xero is your books; it isn't built to reconcile wallets and token cost basis across thousands of transactions. CryptaCount handles that and feeds Xero clean entries:
- Ingests every transaction from your exchanges and wallets,
- Calculates cost basis and realized gains/losses (your choice of method) and applies your measurement policy,
- Summarizes the activity into journals per period, and
- Posts them to Xero as manual journals, mapped to your chart of accounts.
Your GL stays clean; every line drills back to the underlying transactions in CryptaCount.
How to connect
In CryptaCount, go to Integrations → Xero and authorize the connection (secure OAuth — you sign in to Xero and approve access). Map your crypto accounts — digital assets, realized gain/loss, income (staking, mining, rewards), and fees — to your chart of accounts, optionally assign tracking categories, set your posting frequency, and you're set.
What syncs
- Period journals (export) — summarized, double-entry manual journals posted to Xero
- Chart of accounts + tracking categories (import) — pulled from Xero so mapping stays aligned
- Drill-down — every posted line traces to transaction-level detail in the sub-ledger
Why finance teams use it
- Cost basis at scale — 12 disposal methods (FIFO, LIFO, HIFO, WAVG, Specific ID, and more) across exchanges and wallets; jurisdiction-mandated treatments (UK Section 104 pooling, Canada ACB) apply automatically
- Clean close — summarized journals instead of thousands of raw lines
- Audit-ready — a traceable trail from each journal line to the source transaction
- IFRS / US GAAP — measurement handled in the sub-ledger per your policy, entries posted to Xero
Explore the engine: Crypto sub-ledger & cost basis → · Accounting for firms →
FAQ
Yes. It posts summarized period manual journals to Xero, mapped to your chart of accounts and (optionally) tracking categories, with full sub-ledger detail behind each line.
No. CryptaCount posts summarized journals per period, not every raw transaction — the detail stays in the sub-ledger.
Yes. You can map posted journals to your Xero tracking categories for reporting by class, location, or project.
Twelve disposal strategies, including FIFO, LIFO, HIFO, WAVG, and Specific Identification. Jurisdiction-mandated treatments such as UK Section 104 pooling and Canada ACB apply automatically.
Yes — the connector is live and bidirectional. CryptaCount imports your chart of accounts and tracking categories from Xero to drive mapping, and exports (posts) summarized period journals back to Xero.
Yes. It uses Xero's OAuth authorization — you approve access in Xero, and CryptaCount never sees your password.