Connect to QuickBooks Online to sync your digital asset activity

Integrating Tactic with your QuickBooks account enables your business to seamlessly bridge the gap between your digital asset activity and your financial reporting, tax, and financial operations functions.

Connect to QuickBooks Online 

Tactic’s QuickBooks integration was built “with accountants, for accountants” to make the configuration and management of your chart of accounts as intuitive as possible.

In Tactic, connecting to your QuickBooks account is as simple as clicking “connect ” and logging into your QuickBooks account. Once connected, you will be able to set up your default category mappings from Tactic to your chart of accounts to ensure easy and accurate transaction syncing.

Tactic’s Integration with QuickBooks Online

Accurately journaling for your digital assets can be a complicated process, so Tactic has built the necessary features to fit into your workflow including:

  • Default G&L mapping 
  • Flexible asset/token configurations
  • Immediate attachment syncing
  • Custom mappings for wallets and categories
  • Depth of information supplied in memo and GL journal descriptions, including any memos in Tactic
  • Inhibiting non-syncable transactions from contaminating QBO (e.g., spam tokens)

Edit the Default Chart of Account Mappings

Creating a mapping of how you want transactions in Tactic to be synced into QuickBooks is important for accurate and efficient bookkeeping. When setting up your default mapping immediately after connecting to QuickBooks, you will be directed to choose a location in your chart of accounts for your crypto assets, inbound activity, outbound activity, fees, and gains/losses.

Add Detailed Chart of Account Mappings

Tactic also supports mappings between specific wallets or specific digital currencies to particular charts of account. For example, if a Tactic user has a wallet that is only used for operational expenses, all transactions originating from that wallet can be mapped to an operations expense account in the user’s chart of accounts.

Another example is mapping all Polygon transactions to a specific “Polygon Assets” account to differentiate a user’s Polygon holdings from their Ethereum holdings.

Automatically Sync Crypto Transactions to QuickBooks Online

Tactic provides flexibility to users on how and when they sync their digital asset activity to their general ledger. A regular cadence can be established within Tactic for syncing new transactions whether that be daily, weekly, or monthly.

Additionally, many of our clients prefer to sync their transactions as one journal entry, so Tactic will group transactions to create one accurate journal entry rather than creating one journal entry per transaction.

Why is it Matters to Sync Digital Asset Activity with your ERP

Users realize the most value from Tactic when they are able to automate their entire crypto accounting process by bridging the gap between their digital asset activity and their existing finance tech stack.

Connecting to and syncing with QuickBooks is the most important step in that process, enabling accurate financial reporting and compliant operations. Sign up to book a demo and start using “Rules” to categorize your crypto transactions with Tactic.

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