Ledgible makes crypto data readable for companies, institutions, investors

Ledgible provides clear data that simplifies taxes and accounting for everyone.

There is no doubt that the popularity of crypto is increasing day by day. Although the regulatory side of crypto is clearing up among global nations, the crypto tax space still contains some uncertainty. Payment of crypto tax is required for anyone who trades crypto on a regular or irregular basis.

However, calculating your crypto tax is difficult. In the case of several purchase and sale transactions, the exact calculation always ends up in doubt. This is where Ledgible comes to the rescue. With its crypto tax solution, the tax calculation is easier and is done automatically on the platform.

What is Ledgible?

Ledgible is a US-based cryptocurrency accounting and tax solutions platform. The experts at Ledgible created the platform, targeting professionals, businesses and crypto users. Ledgible offers a professional crypto tax solution for its users.

The platform offers two key platforms with a focus on different user sectors, tax and accounting. It determines and calculates crypto liabilities. It provides a basic collection of information such as wallet balance, capital gains, losses and trade orders, all automatically.

“Ledgible is uniquely positioned to collect, normalize and create crypto data Le[d]gible for traditional financial players. Through partnerships with some of the biggest names in TradFi and integrations with leading crypto firms, Ledgible is building the bridge between crypto and traditional finance. Whether it’s individual taxpayers all the way up to the world’s largest institutions, Ledgible is here creating crypto data, Ledgible.”

Trevor English, VP

What are the key products of Ledgible?

Ledgible crypto tax offers a variety of reports, either for individual investors or for tax intermediaries and firms handling clients. Users can also use it just for general journaling to monitor cryptocurrency throughout the year. Here are the three main products of Ledgible.

Ledgible Crypto Tax Pro

This product is exclusively for tax professionals, accountants and law firms. These tax experts can quickly collect customer information, generate reports and manage tax registration, all in a SOC 1 & 2 Type 2 Audited platform.

Ledgible crypto tax

It is a individual filer-focused tax product. All those who have to file taxes on crypto assets can benefit from this offer. Users can add their data sources with file import or robust manual entry, giving users additional functionality over many of Ledgible’s competitors.

Ledgible crypto accounts

This is a company and institution focused product that can help with crypto data handling, bookkeeping and other accounting procedures. It brings similar features to that of leading crypto tax and also includes a much more detailed dashboard for portfolio management.

The platform also offers several reports and general ledger integration options. The platform essentially functions as a subledger to companies’ general ledger accounting systems.

“Traditional financial institutions (TradFi) and enterprises are generally not prepared to naturally handle the nuances of cryptocurrencies – from the number of significant numbers used to calculate the value of digital asset holdings to the recognition of non-standard naming conventions for standard cryptocurrencies (ie XBT vs BTC) , and a whole host of anomalies not seen with traditional assets. While seemingly simple challenges at face value, these are critical to accurate reporting of crypto activity. This is where Ledgible comes in.”

Jeff Gapusan, VP of Strategy

What are the costs of Ledgible’s products?

Ledgible’s products have flexible prices. The three products have different prices:

• Leddible crypto tax: This product is initially free for users. Users can access all the features of this product for free. The platform only charges you if you need to access or download your reports. The price of crypto tax starts at $49 for tax year reporting and up to 200 transactions. Pricing is calculated based on the number of transactions. Users can access 200-1000 transactions with an additional payment of $50 and $100 for each set of 2500 transactions over 1000.
• Ledgible crypto accounts: Businesses can start a 30-day free trial for this product. After the trial period, if businesses are satisfied and want to continue, the Ledgible team works to build a custom, personalized plan that fits users’ needs.
• Ledgible Crypto Tax Pros: This product offers paid and free plans for tax professionals, allowing accountants and firms to sell their services for crypto consulting and tax planning, in addition to general crypto tax filing. Tax professionals just need to fill out this form to get started.

Conclusion

If you are a crypto trader, tax professional, institution or investor, it is difficult to analyze and evaluate each transaction for tax reporting. Ledgible’s user-friendly platform will help tax professionals, taxpayers and businesses collect, normalize and make crypto-data readable for tax registration purposes.

Ledgible offers crypto auditing, crypto accounting, crypto tax and transaction tracking for its users. With its flexible pricing and friendly platform, tax calculations are now easier and simpler.

It also ensures the security of user data with enterprise grade SOC 1 and 2 security. If you are looking for a platform that can track your transactions and generate reports while protecting your data, Ledgible should be your platform.

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All information on our website is published in good faith and for general information purposes only. Any action the reader takes on the information contained on our website is strictly at their own risk.