SoftLedger: Cloud Accounting Software with Cryptocurrency Tax Services

SoftLedger is primarily recognized as cloud-based accounting software tailored for mid and small-sized businesses. Established in 2016, the company offers a diverse range of services, including the provision of software designed to assist users in calculating cryptocurrency taxes. A notable feature of SoftLedger is its integration capabilities with major cryptocurrency exchanges, streamlining tax-related processes.

While specific pricing details are limited on their website due to the cryptocurrency tax service being one among many offerings, users can request a demo to explore the software's functionalities.

This product is primarily designed for businesses engaged in cryptocurrency activities, rather than individual users. SoftLedger's integration capabilities extend to the exchanges and services used by clients, automating tax-relevant data. The software is equipped to automatically record and account for deposits, withdrawals, transfers, and trades, ensuring accurate tax-related calculations. Users benefit from real-time insights into cost basis and unrealized gains/losses.

In addition to tax-related features, SoftLedger provides comprehensive reporting functionalities beyond taxation. Users can analyze financial reports that facilitate informed decision-making for their businesses.

SoftLedger also offers the option to integrate with its other services, providing an all-in-one accounting solution. While competing platforms solely focus on cryptocurrency tax solutions, SoftLedger may prove more suitable for businesses whose primary operations lie outside the realm of cryptocurrencies but engage in some level of cryptocurrency dealing and trading.