Blog Posts

Our posts will help you to get your bookkeeping and accounting right

Cover Image for Crypto Chart of Accounts 101

Crypto Chart of Accounts 101

In the innovative world of crypto, effective accounting practices are a must. Crypto accounting, however, presents its own unique challenges. A crucial step towards overcoming these is creating a robust chart of accounts (COA).

November 21, 2023
Cover Image for New Exchanges on consola.finance

New Exchanges on consola.finance

We're excited to share our most recent update that we believe will revolutionize the way you manage your cryptocurrency accounting.

September 14, 2023
Cover Image for Best practices for categorizing transactions

Best practices for categorizing transactions

To effectively manage crypto transactions, it is important for small and medium-sized businesses (SMBs) to develop strategies for categorizing crypto activities. Proper categorization not only helps businesses keep track of their financial performance but also ensures compliance with relevant tax laws and regulations.

June 12, 2023
Cover Image for Alchemy Invests in Consola: Powering the Future of Crypto Bookkeeping

Alchemy Invests in Consola: Powering the Future of Crypto Bookkeeping

We're excited to announce that Alchemy, has made a strategic investment in Consola. This investment will enable us to further enhance our innovative crypto bookkeeping software and provide unparalleled support to businesses navigating the complex world of cryptocurrency.

June 5, 2023
Cover Image for Unveiling a Powerful Partnership: Myna and consola.finance

Unveiling a Powerful Partnership: Myna and consola.finance

We are elated to unveil our strategic partnership with Myna, a distinguished firm specializing in cryptocurrency accounting and professional services.

April 27, 2023
Cover Image for Consola.finance Partners with Spool to Streamline DeFi Finance and Reporting Processes

Consola.finance Partners with Spool to Streamline DeFi Finance and Reporting Processes

Consola.finance is thrilled to announce its latest partnership with Spool, a DeFi infrastructure solution that enables the creation and investment in risk-managed and auto-compounding products with access to a range of DeFi yield farms.

April 21, 2023
Cover Image for Achieving Success in Preparing for an Audit

Achieving Success in Preparing for an Audit

As the use of cryptocurrency gains more momentum, it is crucial for businesses capitalizing on the potential of blockchain applications to diligently monitor and account for their activity.

April 19, 2023
Cover Image for NFT Accounting

NFT Accounting

Non-Fungible Tokens (NFTs) have captured an important part of the digital world, with their unique ability to represent ownership of a digital asset. As NFTs continue to gain popularity, it’s important for individuals and businesses to understand how to properly account for them.

February 23, 2023
Cover Image for How to choose a crypto accounting software

How to choose a crypto accounting software

Cryptocurrency and blockchain technology are starting to play a significant role in the future of finance, and as the adoption of these technologies continues to grow, the need for reliable and accurate crypto accounting tools will become increasingly important.

February 7, 2023
Cover Image for Getting started with consola.finance

Getting started with consola.finance

Consola.finance is bringing clarity and control to companies’ crypto finances. We automate crypto finance processes, starting with crypto bookkeeping, accounting and reporting. With consola.finance, you can save valuable time, reduce human errors and receive the transparency to make better decision.

January 9, 2023
Cover Image for Navigating the Challenges of Tracking Cost Basis

Navigating the Challenges of Tracking Cost Basis

Cost basis is a term used in accounting and finance to refer to the original value of an asset. This value is used to determine the capital gain or loss on the asset when it is sold or disposed of.

December 29, 2022
Cover Image for DAO Reporting: The Importance of Transparency in the Web3 Market

DAO Reporting: The Importance of Transparency in the Web3 Market

The global web3 market is projected to reach over $33 billion by 2030, with this rapid growth attracting the attention of investors and regulators alike.

December 15, 2022
Cover Image for Why Proof of Reserves Is Indispensable in 2023

Why Proof of Reserves Is Indispensable in 2023

Recent developments in the crypto industry have thrown the issue of counterparty risk into sharp relief. High-profile failures and severe stress is faced by large, centralized organizations.

December 5, 2022
Cover Image for Real World Use Cases of web3 in 2022

Real World Use Cases of web3 in 2022

Web3 is a decentralized web infrastructure that enables users to interact directly with each other, without the need for intermediaries.

November 8, 2022
Cover Image for The Importance of Crypto Bookkeeping for web3 Firms

The Importance of Crypto Bookkeeping for web3 Firms

Despite millions of dollars worth of cryptocurrencies being transacted all across the globe every single day, the crypto industry lacks proper accounting tools required for recording such transactions.

November 1, 2022
Cover Image for consola.finance and the Future of Crypto Finance Management

consola.finance and the Future of Crypto Finance Management

Cryptocurrency and blockchain technologies have resulted in an incredible amount of innovation with massive potential for the further reinvention of how digital value is owned, used, and transferred.

September 22, 2022
Cover Image for Types of DAOs, their common challenges, and how consola.finance helps resolve them

Types of DAOs, their common challenges, and how consola.finance helps resolve them

Decentralized Autonomous Organizations (DAOs) have been receiving a lot of attention and are expected to lay the groundwork for the future of organizations.

July 21, 2022
Cover Image for Introducing consola.finance

Introducing consola.finance

Cryptocurrency and blockchain technologies have resulted in an incredible amount of innovation with massive potential for the further reinvention of how digital value is owned, used and transferred.

July 11, 2022