How to Import Your Chart of Accounts in Cryptoworth
Importing your chart of accounts from your main general ledger (GL) into Cryptoworth is a straightforward process. This allows seamless integration between your crypto accounting subledger and your main accounting software. Follow these steps to get started.
1. Access the Chart of Accounts Section
Click on Subledger from the sidebar > GL Sync > Chart of Accounts.
2. Prepare to Sync Your Chart of Accounts
If you’ve connected your general ledger software (e.g., QuickBooks, Xero, NetSuite, or PennyLane) to Cryptoworth, there’s no need to set up a chart of accounts from scratch. You can import it directly.
3. Import Your Chart of Accounts
Locate the Sync Accounts Button:
On the Chart of Accounts page, click the dropdown next to the New button in the top right corner.
Select Sync Accounts with the logo of your connected accounting software (e.g., QuickBooks).
Note: For the 'Sync Accounts' option to be displayed, you need to connect Cryptoworth to a general ledger software.
Choose Accounts to Sync:
You can sync specific accounts or the entire chart of accounts for simplicity. For a full import, select Sync All Accounts.
Click Next , then click Submit confirm the import.
Your chart of accounts from your main ledger software will now flow into Cryptoworth.
4. Complete Default Account Mapping
Once the chart of accounts is imported, you can finalize default account mapping.
Navigate Back to Your General Ledger Setup:
Go to Integrations > Apps > click on [Your Accounting Software] (e.g., QuickBooks).
Address Unmapped Accounts: Identify any unmapped accounts, such as the Default Asset Account or Default Crypto Account.
Click on the Edit button next to the unmapped accounts.
Select the appropriate accounts from the newly imported chart of accounts.
Save Changes: Once mapped, click Save to complete the setup.
What’s Next?
With your chart of accounts imported and default account mapping complete, you’re ready for the next step: running cost basis calculations. This ensures your journal entries are accurate and ready to sync with your main ledger.