Bitwave is the first enterprise-focused digital asset finance platform designed to manage the intersection of tax, accounting, and compliance for cryptocurrency, DeFi, and NFTs. Bitwave is purpose-built to help finance and accounting professionals mitigate the challenges of operating with digital assets with robust functionality, including everything from transaction reconciliation into existing ERP solutions to AR/AP, bill pay, treasury management, and more.
Fair value accounting and streamlined bookkeeping at scale. Practice mark-to-market accounting with exacting precision across your entire inventory of digital assets. Reconcile blockchain transactions at scale directly into your ERP accounting solutions.
Tax Optimization. Track the tax cost basis of every transaction and calculate short and long-term capital gains. Choose the best strategy for your business (e.g., FIFO, LIFO, Cost Average, SPEC ID
Audit Readiness and Compliance. Be audit-ready with comprehensive, highly-customizable reports. Bitwave also offers enterprise-grade features like single-sign-on and field-level role-based access control for delineating accounting roles and responsibilities.
One-click Impairment Testing. Test for impairment under US GAAP and IFRS requirements with the flexibility to choose daily, weekly, or monthly cyclesand pricing data for the most advantageous treatment for yoru business.
Bitwave + Xero
Bitwave connects directly to Xero and brings in your chart of accounts, contacts, invoices, bills, and more, and pushes in deposits / withdrawals, bill / invoice payments, and more
Just connect Bitwave to Xero through OAuth, add a digital asset or crypto currency wallet, and you're ready to go!