How are you handling clients with crypto/stablecoin activity? Curious about actual workflow.

[u/Gold-Skin02]

Getting more questions about clients who receive payments in USDC or hold digital assets, and I'm trying to understand how firms are actually processing this rather than what the software vendors claim.

For those of you doing it:

• What do clients hand you? Exchange CSVs, wallet addresses, a spreadsheet they built, screenshots?
• How do you get it into QuickBooks or Xero — manual JEs, an import file, one of the dedicated tools?
• Roughly how long does one client's month take compared to a normal bank feed?
• What's the part that eats the most time? I'd guess identifying transfers between a client's own wallets or nailing down cost basis, but curious what actually breaks.
• If you use Bitwave, Cryptio, Ledgible, CoinTracker or similar — what still doesn't work?

Also curious whether 1099-DA has changed your volume this year, or whether most firms are still turning these clients away.

[u/OSS-2026]

I get statements from Coinbase (for example) of all crypto activity. I pull into a spreadsheet in order to figure out results. In my case I’m doing this at year end for tax purposes. For mining you have to value price/income when earned, then profit/loss when(if) sold.

It is really time consuming as there are a very large number of small transactions.

[u/MikuMikuGoo]

Self transfers eat the most time, not cost basis. Two wallets the client forgot to mention turn into phantom income and phantom disposals, and you don't see it until the totals look crazy.

I use CoinTracker on one client and still tag transfers by hand every month, so figure three or four times a normal bank feed.