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Author Topic: Bitcoin Bookkeeping software?  (Read 3376 times)
fluxist
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October 19, 2012, 03:47:16 PM
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I've just gotten started doing business in bitcoins and I'm curious what solutions other bitcoin businesses use for bookkeeping.

As a small (micro) business I need to keep expenses infinitesimal. Is there any bookkeeping software or website that can handle btc and dynamically import exchange rate data? Anything that offers an API extensible enough to add this?
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Steve
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October 19, 2012, 04:26:53 PM
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It's not bookkeeping software, however for our merchants that require it, we provide them with CSV exports of their account activity, including the equivalent value of each transaction in USD or other fiat currencies.

(gasteve on IRC) Does your website accept cash? https://bitpay.com
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October 19, 2012, 04:31:31 PM
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I've just gotten started doing business in bitcoins and I'm curious what solutions other bitcoin businesses use for bookkeeping.

As a small (micro) business I need to keep expenses infinitesimal. Is there any bookkeeping software or website that can handle btc and dynamically import exchange rate data? Anything that offers an API extensible enough to add this?
I built an accounting system in Excel for one of my University classes a few years back... certainly, the current BTC rate would be easy to grab, so I wonder how easy it would be to adapt the rest of the spreadsheet for use with BTC?

How would you want exchange rate data to be calculated?  Grab the exchange rate for each transaction on the date/time it happens, or just view all transactions at current value?

Bees Brothers
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October 19, 2012, 04:33:22 PM
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How would you want exchange rate data to be calculated?  Grab the exchange rate for each transaction on the date/time it happens, or just view all transactions at current value?

How about both?

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October 19, 2012, 04:36:49 PM
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How would you want exchange rate data to be calculated?  Grab the exchange rate for each transaction on the date/time it happens, or just view all transactions at current value?

How about both?
Should be possible..!

Stephen Gornick
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October 19, 2012, 04:55:09 PM
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I've just gotten started doing business in bitcoins and I'm curious what solutions other bitcoin businesses use for bookkeeping.

Is there any bookkeeping software or website that can handle btc and dynamically import exchange rate data? Anything that offers an API extensible enough to add this?

There are some multi-currency accounting apps listed here:
 - http://bitcoin.stackexchange.com/q/3612/153

Perhaps a method for doing the importing of the exchange rate table could be built into one of the open source ones.

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October 19, 2012, 04:59:24 PM
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I've just gotten started doing business in bitcoins and I'm curious what solutions other bitcoin businesses use for bookkeeping.

Is there any bookkeeping software or website that can handle btc and dynamically import exchange rate data? Anything that offers an API extensible enough to add this?

There are some multi-currency accounting apps listed here:
 - http://bitcoin.stackexchange.com/q/3612/153

Perhaps a method for doing the importing of the exchange rate table could be built into one of the open source ones.

That would be neat!

Technically, GAAP standards only require the exchange rate to be reported once per day (or once per month, in some cases).  All transactions within that day (or month) would be reported at the same exchange rate.  This would probably be much simpler than attempting to acquire the proper exchange rate at the exact date/time of each individual transaction.

Kris
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October 19, 2012, 09:47:47 PM
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The upcoming WalletBit POS is going to provide what you need I think.

https://bitcointalk.org/index.php?topic=118419.0
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October 19, 2012, 11:08:45 PM
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You can download the spreadsheet from BitcoinExchangeRate.org which includes a built-in price update field and build from that. That is if you think a spreadsheet will suit your needs.

http://www.bitcoinexchangerate.org/Bitcoin%20Portfolio%20Tracker.ods

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fluxist
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October 20, 2012, 03:35:24 PM
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How about Peachtree Accounting 2012 BTC Edition or Intuit Bitbooks Bitken 2012. Available at your local Best Buy. lol

I was wondering when someone would finally bring up the boring nuts and bolts of working with business finance. It’s not quite as interesting as discussions about waging a great libertarian battle with our new money but it is much more realistic and necessary in the real world if anyone expects a mainstream business to adopt Bitcoin.


Agreed, it's not all that interesting. But it is necessary. I could code a plugin./module if one of these accounting packages has an API exposed.

I think I'm going to go the custom spreadsheet route for the moment. At least until that becomes unwieldy enough that I'm forced to learn real accounting software, and confront the lack of BTC support Smiley
mai77
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lower transactions fees NOW!


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April 04, 2013, 01:23:46 PM
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https://bitcointalk.org/index.php?topic=166307.msg1734245#msg1734245

free!  Cheesy


Bitcoin user: "tax me if you can!"
mai77
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lower transactions fees NOW!


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April 04, 2013, 02:05:16 PM
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Bitcoin user: "tax me if you can!"
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