Services Magrat

Cryptocurrency company monthly accounting

Accounting service for cryptocurrency service providers and virtual asset miners.

 250
month
Experts
Hanna Klimova
Jelena Aasma
  • preparation of annual reports

This service includes items included in the Monthly Accounting Service as well as additional accounting services related to cryptocurrency:

  • accounting of transactions in cryptocurrency wallets or cryptocurrency exchange accounts
  • accounting of tangible and intangible assets related to cryptocurrency mining

Services included in Monthly Accounting Service:

  • handling bank statements and statements from payment systems
  • processing accounting source documents
  • agreement review for recording in accounting
  • tax accounting and filing tax returns
  • preparation and processing of payroll reports
  • accounting of intangible assets
  • accounting of fixed assets
  • accounting of loans and interest calculations
  • preparation of balance sheet and income statement upon request
  • 30 minutes of additional accounting consultation (including availability for answering questions via email and messengers)

Total cost of cryptocurrency company accounting depends on the time it takes to process accounting source documents received from the client and conducting additional consultations. A specific quote is prepared for each client based on a particular business case.

If the client provides previous month’s source documents by the 5th date of each month, we aim to complete the bookkeeping by the end of the month. Income and social tax returns and VAT returns are submitted on the 10th and 20th of each month respectively (if applicable).

Available for an extra fee
  • preparation of annual reports
Included

This service includes items included in the Monthly Accounting Service as well as additional accounting services related to cryptocurrency:

  • accounting of transactions in cryptocurrency wallets or cryptocurrency exchange accounts
  • accounting of tangible and intangible assets related to cryptocurrency mining

Services included in Monthly Accounting Service:

  • handling bank statements and statements from payment systems
  • processing accounting source documents
  • agreement review for recording in accounting
  • tax accounting and filing tax returns
  • preparation and processing of payroll reports
  • accounting of intangible assets
  • accounting of fixed assets
  • accounting of loans and interest calculations
  • preparation of balance sheet and income statement upon request
  • 30 minutes of additional accounting consultation (including availability for answering questions via email and messengers)

Total cost of cryptocurrency company accounting depends on the time it takes to process accounting source documents received from the client and conducting additional consultations. A specific quote is prepared for each client based on a particular business case.

Timing

If the client provides previous month’s source documents by the 5th date of each month, we aim to complete the bookkeeping by the end of the month. Income and social tax returns and VAT returns are submitted on the 10th and 20th of each month respectively (if applicable).