NEW: Request and Cryptio partners to simplify crypto accounting
Request and Cryptio combine their expertise in invoicing, payments and bookkeeping to simplify crypto accounting
Since the inception of blockchain, crypto-based transactions were not always recognized as “legit” by authorities because the industry was missing an important compliance piece: the paper trail.
Simplifying the invoicing, payments and accounting experience for crypto-first companies
Request provides the invoicing solution dedicated to companies dealing with both fiat and crypto currencies. Crypto transactions are now “properly documented” and equally integrable as any other transaction into an accounting system .
Cryptio now enables companies to automatically push their crypto based activity to their preferred accounting system, making crypto-based transaction bookkeeping more seamless than ever before
The collaboration between Request and Cryptio simplifies the end-to-end process of using crypto for business. From invoicing to payment, accounting and auditing, dealing with crypto becomes as seamless and compliant as dealing with any other payment method.
Together, Request and Cryptio are speeding up mainstream adoption of crypto currencies. removing the complexity of bookkeeping with crypto transactions bookkeeping.
Get Started Now Using Request Invoicing with Cryptio
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Read the step-by-step guide to integrate Request Invoicing with Cryptio:
Boosting the adoption of crypto invoicing and payments for businesses of all sizes
Driven by the new paradigm offered by blockchain technology, decentralization and all new possibilities made from DeFi , Request is building a blockchain based suite of financial applications dedicated to crypto-first companies.
Its first product, the Request Invoicing app, allows freelancers,small businesses, and organizations to accept crypto as a means of payment while following compliance standards.
Request has communicated recently about their upcoming developments, among which are:
- an escrow feature to replace third parties and banks with smart contracts
- new products for payroll and expense management
- seamless integration with accounting systems
In this context, collaborating with the expert of crypto bookkeeping and accounting became an obvious choice in order to offer a seamless end-to-end process to crypto friendly companies, from invoice, payments to bookkeeping and accounting
The expert of crypto bookkeeping and accounting
Cryptio has built the communication layer between digital assets and traditional general ledger.
While transacting with cryptocurrencies provides speed and efficiency to users, companies still struggle to manage the back office followed by questions such as:
- How to push transactions data to a traditional accounting system like Xero or Quickbooks
- How to track a crypto inventory and report my crypto in my balance sheet
- How to fill out a tax declaration at the end of the year
Cryptio solves these problems by connecting a company’s crypto activity with accounting systems like Xero, Quickbooks, and Sage by :
- Pulling all transactions data from company wallets, exchange accounts and custody solutions
- Automating realized and unrealized gains and losses computation
- Automatically reconciling each transaction and push ledger entries to company preferred accounting system
Mistakes sometimes occur in an invoice with the company’s name, Tax ID (VAT), billing or email address. Consequently, the invoice needs to be cancelled and a new one would be requested. This can cause a delay in processing payments which is never a great experience for both the payer and the issuer.
Cryptio provides bookkeeping software for digital assets, in enabling and facilitating the process of accounting for your crypto assets. At Cryptio we see the problem of crypto accounting as an issue of connectivity between the crypto transaction data and accounting system, with the formatting of transactions being a particular barrier seeing that their formatting is not suited to crypto. The core value proposition of what we’re doing is connecting these two worlds, while fitting with the existing, modern accounting processes.
To learn more about Cryptio, visit Cryptio.co
Request (REQ) is a blockchain based suite of financial applications dedicated to crypto first companies. Its first product, Request Invoicing, allows anyone from freelancers to small businesses and organizations to create, store and access invoices and receipts in a universal, decentralized network. Users can easily send professional, secured, compliant invoices and receive payments in traditional currencies like USD and EUR — or digital currencies such as USDC, DAI and USDT among many others in the list.
To learn more about Request, visit Request.Finance
Head of Partnerships and Business Development at Request