Automate accounting for your crypto invoices with Cryptio and Request

Request and Cryptio combine their expertise in invoicing, payments, and bookkeeping to simplify crypto accounting

We’re excited to announce that Cryptio has successfully integrated Request, the invoicing platform for crypto first companies, to simplify bookkeeping and accounting of blockchain based transactions.

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 invoicing, payments, and accounting for crypto-first companies, together

Request provides the invoicing solution dedicated to companies dealing with both fiat and crypto currencies. Crypto transactions are now “properly documented” and as integrable as any other transaction into an accounting system. 

Cryptio enables companies to automatically push their crypto based activity to their preferred accounting system, making crypto-based transaction bookkeeping more seamless than ever before.

This 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, while removing the complexity of bookkeeping for crypto transactions.

Simplifying crypto invoicing and payments for mainstream adoption

Driven by the new paradigm offered by blockchain technology, decentralization and all new possibilities that arise within 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, which include:

  • 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 and payments, to bookkeeping and accounting.

The expert for crypto bookkeeping and accounting

Cryptio has built the communication layer between digital assets and the traditional general ledger.

While transacting with cryptocurrencies provides speed and efficiency to users, companies still struggle to manage the back office. The common questions that arise include:

  • 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:

  1. Pulling all transactions data from company wallets, exchange accounts and custody solutions
  2. Automating realized and unrealized gains and losses computation
  3. Automatically reconciling each transaction and push ledger entries to the preferred accounting system

About Request

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 on the list.

To learn more about Request, visit Request Network.

About Cryptio

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.

How to connect your Request Network & Cryptio?

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