Our posts will help you to get your bookkeeping and accounting right
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).
We're excited to share our most recent update that we believe will revolutionize the way you manage your cryptocurrency accounting.
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.
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.
We are elated to unveil our strategic partnership with Myna, a distinguished firm specializing in cryptocurrency accounting and professional services.
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.
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.
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.
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.
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.
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.
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.
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.
Web3 is a decentralized web infrastructure that enables users to interact directly with each other, without the need for intermediaries.
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.
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.
Decentralized Autonomous Organizations (DAOs) have been receiving a lot of attention and are expected to lay the groundwork for the future of organizations.