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Overview

Cryptio brings order to digital asset accounting, connecting blockchains, wallets, and exchanges into one accounting-ready view. Large transaction volumes sometimes take a moment to fully sync. That said, audit-ready records and SOC-audited infrastructure make it a strong match for businesses managing complex crypto operations at scale.

Cryptio Specifications

  • Financial Reporting
  • Tax Management
  • Audit Trails
  • Multi-Currency Support

Cryptio Features

Reconciliation And Discrepancy Identification

Accountants can use Cryptio to compare balances and transaction histories across exchanges, custodians, internal databases, and on-chain sources. When the figures do not match, the discrepancy can be narrowed down by asset, custodian, time period, or materiality. This gives finance teams a more targeted way to find the source of an issue instead of checking transactions one by one.

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Multi-Inventory And Cost Basis Tracking

For businesses managing several types of digital-asset holdings, this feature keeps inventories separate across corporate, customer, and trading wallets. Cost basis can then be calculated using FIFO, LIFO, HIFO, or weighted average cost, depending on the accounting method being used. The platform also tracks realized and unrealized gains against each inventory and revalue tokens on a scheduled cycle.

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Multi-Entity GAAP And IFRS Reporting

Businesses with multiple entities can use Cryptio to generate more than 50 report types for GAAP and IFRS reporting. Each report can be filtered by entity, client, business line, or asset class, so finance teams can examine the figures relevant to a particular business unit or reporting requirement. Once reconciliation is complete, journal entries can be sent to connected general ledger systems for month-end and year-end close.

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Internal Controls And Audit Trail

Audit and finance teams can use this feature to keep a record of activity within the platform through role-based permissions and detailed activity logs. Cryptio says its controls were developed with input from Big Four audit firms to test data completeness and accuracy. The resulting history can serve as supporting evidence when auditors review transactions or request documentation.

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Pros And Cons of Cryptio

Pros

  • Consistent data accuracy across large on-chain transaction volumes

  • Auto-labeling cuts manual transaction tagging time significantly

  • Audit-readiness tools simplify preparation for external reviews

Cons

  • Workspace updates may lag at high transaction volume

  • Trading fees can be difficult to understand at times

Cryptio Reviews

Total 2 reviews

4.5

All reviews are from verified customers

Rating Distribution

5

Stars

50%

4

Stars

50%

3

Stars

0%

2

Stars

0%

1

Stars

0%

Share your experience

VU

Verified User

Information Technology and Services, 11-50 employees

4.0
March 2024

“Help us work the best”

Pros

Cryptio has been a huge help in preparing our full annual accounts especially with a large portfolio of on-chain transactions. The process from importing data to integrating with our accounting software is smooth, easy to follow and constantly improving. What I really like is how quickly the team responds to customer feedback, continuously providing better service. Plus it allows us to use the platform in the way that works best for us as an organization and helps develop tools that benefit the entire industry.

Cons

For organizations with a high volume of transactions, the time it takes to update the workspace is something that frustrates me a bit. That said the team is actively working on improving this.

Rating Distribution

Ease of use

8

Value for money

8

Customer Support

8

Functionality

8

JD

Joe D.

Small Business, 11-50 employees

5.0
March 2024

“The best for accounting!”

Pros

It is simply the best for us because of its unmatched data completeness and accuracy. The audit readiness module keeps us prepared at all times and its ability to handle large volumes of data has been key for our growth. The automated labeling and transaction identification save us hours of work. On top of that the customer support and easy implementation have made the entire process effortless. Plus Cryptio's strong accounting knowledge and comprehensive reporting tools have set a new standard in crypto accounting software.

Cons

Honestly there is not much to dislike. If I had to point out something, it would be the premium pricing. While it is justified by the extensive features and benefits it might not be ideal for smaller businesses or individual NFT artists.

Rating Distribution

Ease of use

10

Value for money

9

Customer Support

10

Functionality

10

Frequently Asked Questions

Who are the typical users of Cryptio software?

Cryptio features are used by the public sectors, blockchain foundations and accounting firms.

Does Cryptio offer an API?

Yes, Cryptio does offer an API.

What language does Cryptio support?

Cryptio supports English.

What level of support does Cryptio offer?

Cryptio offers email, guides, courses, ticketing system, and help center.

What types of pricing plans does Cryptio offer?

Cryptio is estimated to start from $449/month with custom pricing available according to business needs. Contact us for custom Cryptio cost quotes.

What other apps does Cryptio integrate with?

Cryptio integrates Xero, Quickbooks, Sage and SAP.

Does Cryptio have a mobile app?

No, Cryptio does not have a mobile app.