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Bitwave

By Bitwave
5 out of 5 stars
Bitwave is the first 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 digital assets and crypto currencies.
Rated
5.0
out of 5
Reviewed by
2
Xero users
Listed for
2 years
July 2022
Key functions
Accountant tools
Other

Overview

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

Reviews & ratings

5.0 out of 5 stars
2 Reviews

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Most recent reviews

EW
eoin whelan
Posted 3 Nov 2023
5 out of 5 stars

Highly recommend!

Bitwave has changed our life. The product and the team are amazing, especially Xeres without whom it would be impossible for us to reconcile our crypto account. Strongly recommend this to all business that use cryptocurrencies. The integration with Xero is seamless as well. It's impossible for us to imagine a future without Bitwave
ND
Nicholas Del Plato
Posted 22 Aug 2022
5 out of 5 stars

Asset to helping keep my Crypto Clients books straight

When searching online 6-12 months ago for a service that can assist with coin tracking and entries I found Bitwave. We have now implemented this onto most if not all of the cryptocurrency clients we deal with as it has been a great asset to our team and has simplified reporting which is the biggest thing to streamlined processes!

Additional info

Shared data

Xero
Bitwave
Accountsshared from Xero to Bitwave
Paymentsshared from Xero to Bitwave
Itemsshared from Xero to Bitwave
Invoicesshared from Xero to Bitwave and from Bitwave to Xero
Contactsshared from Xero to Bitwave
Bank Transactionsshared from Bitwave to Xero

Functions

Accountant toolsOther

Industries

Accounting

App details

By Bitwave
Added in 2022

Countries

Australia, Canada, Global, Hong Kong, Indonesia, Ireland, Malaysia, New Zealand, Philippines, Singapore, South Africa, United Kingdom, United States

Languages

English

Support

Setup walkthroughIntegration walkthroughContact supportsupport@bitwave.io

Follow

Twitter

Get started with Bitwave

Although Xero reviews each app in the Xero App Store, we can’t give any guarantees. It’s up to you to assess the performance, quality and suitability of any app before going ahead.