Ethereum Accounting for Xero & QuickBooks
Ethereum Accounting & Automated Subledger for Finance Teams
Automate ETH transaction categorization, track DeFi rewards, and sync audit-ready journal entries without the manual data entry.
Ethereum is more than just a cryptocurrency. It is a global computer. For accountants and finance directors, this distinction creates a massive reconciliation headache. Standard bank feeds struggle to interpret smart contract interactions, gas fees, and internal transactions, often leaving books inaccurate or requiring hours of manual cleanup.
Breezing solves this by serving as a dedicated crypto subledger. We connect directly to the Ethereum blockchain to aggregate, categorize, and sync data to your General Ledger (GL) with audit-ready precision.
The Challenges of Ethereum Bookkeeping
Before automation, accounting for Ethereum requires navigating complex technical hurdles that standard accounting software cannot handle alone:
- Gas Fees vs. Principal: Every transaction requires gas (ETH) to process. Separating the asset cost from the fee is critical for accurate Cost Basis and expense categorization.
- Internal Transactions: Smart contracts often trigger internal transactions that do not appear on standard blockchain scanners or bank feeds, leading to unreconciled balances.
- DeFi Complexity: Staking, lending, and liquidity providing create taxable events that need to be recognized as income when issued, not just when claimed to a wallet.
How to Streamline Ethereum Accounting with Breezing
Breezing is built for accountants who need clean books without wrestling with chain data. Here is how we turn raw Ethereum data into financial reports.
1. Auto-Aggregation from the Blockchain
Stop wrestling with Etherscan CSV exports. Breezing connects directly to the Ethereum network (and 39+ other blockchains) to pull every transaction, token swap, and gas fee automatically.
- Unlimited Scale: Whether you have one corporate treasury wallet or hundreds of client wallets, Breezing aggregates them all into a unified view.
2. Intelligent Categorization & Spam Detection
Manual review is the enemy of scale. Breezing provides practical workflow tools to automate the mundane:
- Smart Rules: Set rules to auto-label repeating transactions, such as monthly SaaS payments in USDC or ETH, automatically.
- Spam Detection: Our system automatically identifies and filters out spam tokens and "dust" transactions so they don't clutter your clean ledger.
3. Collaboration for Context
Don't recognize a transaction? Instead of guessing, use Breezing’s collaboration features to highlight the item and invite your client or team member to add context before booking it.
Integration Deep Dive: Syncing with Xero, QuickBooks & Bexio
Breezing connects directly to Xero, QuickBooks Online, and Bexio. Unlike basic tools that simply dump data, our integration is designed for professional accounting workflows.
The "Update vs. Delete" Advantage
Most crypto accounting tools are rigid. If you find a mistake after syncing, you have to delete the entire batch of journal entries and repost them.
Breezing allows you to sync and update specific journal entries. If you change a category or categorization rule in Breezing, the corresponding entry in your ERP is automatically updated. This keeps your General Ledger clean and preserves your reconciliation history.
Closing AP/AR Invoices On-Chain
Stop using messy clearing accounts to reconcile crypto payments. With Breezing, you can close open Accounts Payable (AP) and Accounts Receivable (AR) invoices in your ERP directly using the crypto transaction.
- The Workflow: If a client pays a $5,000 USD invoice in ETH, Breezing matches the on-chain payment to the Xero/QBO invoice and marks it as paid, handling the currency conversion automatically.
Handling DeFi and Smart Contracts
Ethereum is the home of Decentralized Finance (DeFi). Your accounting software needs to understand the nuance of smart contracts.
- Accruals vs. Claims: We help you recognize income from staking rewards when they are issued/accrued, rather than waiting until they are claimed to a wallet, ensuring compliance with accrual-based accounting standards.
- NFT Valuation: Track the purchase price and current market value of NFT assets held in corporate treasuries.
Security, Compliance, and Scale
Your financial data requires bank-grade security. Breezing is designed for scale and safety from day one.
- SOC 2 Compliant: We meet rigorous standards for data privacy and protection, ensuring your firm remains compliant.
- End-to-End Encryption: Your data is secure from the moment it is pulled from the blockchain to the moment it hits your accounting software.
- Role-Based Access: Onboard your accounting team with specific permissions, keeping sensitive data visible only to those who need it.
Frequently Asked Questions (FAQ)
How does Breezing handle Ethereum Gas Fees?
Breezing automatically separates the gas fee from the principal transaction. This allows you to expense the gas immediately while accurately tracking the cost basis of the asset transfer or swap.
Can I manage multiple Ethereum wallets?
Yes. Breezing plans start at $29/mo and include unlimited wallets and users. We believe you should not be penalized for scaling your operations or managing multiple client entities.
Does this work for Ethereum Layer 2s?
Absolutely. Breezing supports 39+ blockchains, including major Ethereum Layer 2 solutions like Arbitrum, Optimism, and Polygon, ensuring you have a consolidated view of all assets across the ecosystem.
Can I export data without connecting to Xero or QuickBooks?
Yes. While our direct integrations offer the smoothest workflow, you can generate reports in fiat currency and export them as CSVs or standard accounting files for use in other systems.
Ready to clean up your Crypto Books?
Stop relying on spreadsheets and manual reconciliation. Get audit-ready Ethereum books in minutes.