End of Month DeFi Reconciliation Checklist for Bookkeepers

Closing the books for a crypto client can feel like untangling a massive knot. Transactions occur 24 hours a day across dozens of different platforms. You need a reliable system to ensure nothing slips through the cracks. This highly actionable checklist will help you streamline the monthly DeFi accounting process. You can print this out or import it directly into your task management software.

Pre-Reconciliation Prep

Preparation is everything when dealing with bookkeeping for crypto assets. A messy start guarantees a painful finish. Always complete these steps before you look at a single transaction.

1. Request a complete list of all new wallets and exchange accounts from your client.
2. Verify that all API keys and wallet addresses in your tracking software are actively syncing.
3. Identify any missing data gaps or failed syncs.
4. Ping your client immediately to resolve any broken connections or missing read permissions.

Do not start the actual reconciliation until you have a complete and continuous data set.

Verifying Balances Across Wallets and Exchanges

The core of your month end crypto close involves proving that your records match reality. You must verify balances exactly as you would with a traditional bank account.

1. Export the ending balances from every exchange and blockchain explorer as of the final day of the month.
2. Compare these external balances against the calculated balances in your ledger.
3. Investigate any discrepancies immediately.
4. Classify all uncategorized deposits and withdrawals.
5. Ensure all internal transfers between client owned wallets net out to zero.

Following this crypto reconciliation checklist ensures accuracy and builds trust with your clients. If you want to make this process even faster, explore our Xero integration page to see how Breezing automates the heavy lifting for you.