Gilded Compass is designed for accounting firms and crypto businesses with a large volume of transactions that need to define rules for how crypto transactions are synced. No more reclasses and journal entries,” said Samantha Ulrich, accounting manager at Gitcoin. Having the ability to map each transaction to the correct GL Accounts in QuickBooks is a huge time saver. Here at Gitcoin, we have a variety of cryptocurrency transactions.
Gitcoin - a platform for builders and developers to fund open-source web development- is using Compass to optimize their crypto accounting workflow in QuickBooks Online. Compass enables businesses to scale quicker by creating sophisticated rules for how blockchain transaction data flows into the general ledger. As the crypto ecosystem continues to expand and mature, the need for advanced financial reporting is rising.īank accounts and other legacy financial data can be reconciled to a general ledger.
When Gilded released their cryptocurrency accounting software to the public in early 2020, the vision was to make it possible for businesses to seamlessly reconcile cryptocurrency transactions alongside fiat transactions in QuickBooks Online. Gilded, a B2B blockchain payments and accounting software provider, today launched Compass, a solution that enables advanced mapping capabilities between blockchain wallets and a company’s general ledger.
