Accounting & Fractional CFO for Crypto Companies

The same cost, margin and cash discipline we built for manufacturers, applied to digital asset businesses: clean books, a reliable close, and numbers leadership can make decisions from.

What makes crypto accounting different

Classification and fair-value measurement. Since FASB's ASU 2023-08 took effect for fiscal years beginning after December 15, 2024, crypto assets within its scope are measured at fair value, with changes recognized in net income each reporting period, and presented separately from other intangible assets. Scope is narrower than many teams assume: the asset must be an intangible asset, fungible, created on or residing on a blockchain or similar distributed ledger, secured through cryptography, not created or issued by the reporting entity or its related parties, and must not give the holder enforceable rights to underlying goods, services or other assets. Stablecoins that carry a redemption right, many wrapped tokens and NFTs generally fall outside it and follow other guidance — so classification has to be done asset by asset.

Cost basis across wallets and exchanges. Every acquisition, disposal and transfer needs a traceable cost basis, even when assets move between self-custody wallets, exchanges and custodians. Gains and losses on disposal depend on it, and so does your CPA's tax work.

Staking and mining income. There is no single US GAAP standard written specifically for staking rewards. Companies typically evaluate rewards under the revenue guidance in ASC 606 when the activity is an ordinary part of the business, or as other income when it isn't, and measure them at fair value when earned. Mining rewards are commonly treated as revenue from providing validation services. The policy needs to be documented and agreed with your auditor before year-end, not after.

Gas fees and transaction costs. Network fees can be part of the cost of acquiring an asset, a cost of a sale, or an operating expense, depending on the transaction. Treating them consistently matters at volume.

Stablecoins and treasury. Stablecoin holdings may be financial assets rather than crypto assets under ASU 2023-08, depending on their redemption terms. FASB issued a proposal in August 2026 on when certain stablecoins can qualify as cash equivalents; until it is finalized, classification follows the existing definitions and should be revisited as the guidance changes.

Multi-chain reconciliation. Activity on several chains, bridges and protocols has to tie back to one general ledger, with clear records of what moved, when, and why — the evidence an auditor will ask for.

Who it's for

Revenue-generating crypto businesses that need institutional-grade books:

• Exchanges and trading platforms
• Mining operations
• Protocol and infrastructure companies with operating revenue
• Companies holding digital assets in treasury
• Web3 product companies selling to customers

We're not a fit for startups that haven't begun generating revenue or for projects that have not yet launched a token or product. Our work assumes real transactions and real operating history to build on.

What we do each month

• Bookkeeping with on-chain reconciliation — wallet and exchange activity reconciled to the general ledger, with cost basis maintained by asset.
• Month-end close — a defined calendar, documented reconciliations and fair-value remeasurement at period end.
• Treasury reporting — holdings by asset, custody location and classification; realized and unrealized gains and losses.
• Audit-ready records — support for classification decisions, valuation sources and reconciliations, organized for your auditors.
• CFO-level guidance — cash planning across fiat and digital assets, treasury policy for token holdings, budgets and board reporting.

What we don't do

• Tax returns. We are not a CPA firm and don't prepare or file returns. We hand your CPA clean, reconciled records with cost basis intact.
• Legal or securities advice. We don't advise on token structure, securities law or regulatory registration.
• Custody. We never hold, move or control client assets or keys.

Frequently Asked Questions

How is crypto accounting different from regular bookkeeping?

Regular bookkeeping starts from bank and card feeds. Crypto accounting starts from on-chain and exchange records that must be reconciled to the ledger, with cost basis tracked per asset across wallets, and with in-scope crypto assets remeasured to fair value every period under ASU 2023-08. Classification, valuation and documentation all need policies an auditor will accept.

How do you value digital assets on the balance sheet?

Crypto assets within the scope of ASU 2023-08 are measured at fair value at each reporting date, with changes recognized in net income, and shown separately from other intangible assets. Fair value comes from the principal market for each asset. Assets outside the scope — such as many stablecoins, wrapped tokens and NFTs — follow other US GAAP guidance.

How do you handle staking and mining revenue?

There is no single GAAP standard written for staking, so we help you set a documented policy: rewards are typically evaluated under ASC 606 when staking is an ordinary activity, or as other income when it isn't, and measured at fair value when earned. Mining rewards are commonly treated as revenue. We agree the policy with your auditor in advance.

Can you reconcile across multiple wallets and exchanges?

Yes. We reconcile activity across self-custody wallets, exchanges, custodians and multiple chains to a single general ledger, keeping cost basis by asset and a clear trail of transfers so internal movements aren't mistaken for gains, losses or income. The result is a set of records your auditor and CPA can follow.

Do you work with our existing CPA?

Yes. We're not a CPA firm, so we work alongside your CPA and auditors. We maintain the books, reconciliations and cost basis throughout the year and deliver audit-ready support at year-end, which shortens their work and reduces surprises.

Do you prepare tax returns?

No. Accounovation does not prepare or file tax returns. We provide your tax preparer with reconciled records, realized gains and losses, and cost basis by asset so they can prepare your returns accurately.