Wolters Kluwer has added cryptocurrency integration to its CCH Axcess Tax and ProSystem fx Tax preparation applications. The integrations have been made available via partnerships with CoinTracker and Verady, which markets Ledgible Tax Pro.
CoinTracker and Ledgible Tax Pro enable firms to import data into IRS Form 8949 for virtual currency assets, CoinTracker connects with more than 300 exchanges. It offers Crypto wallet tracker for tracking balances and exchanges and Crypto portfolio assistant for tracking and managing crypto investment performance. Also available is Crypto taxes for calculating taxes and generating reports.
Ledgible provides an organizer for the entry of cryptocurrency data which can be reviewed and imported into the CCH tax packages. Currently, the product connects with 50 exchanges and also integrate with Oracle NetSuite, QuickBooks and Xero. In addition, Verday markets Ledgible for individuals and Ledgible Business Accounting.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind