NODE40 is an enterprise-grade platform designed to automate and simplify the complex process of cryptocurrency accounting. It enables users to track digital assets comprehensively and reconcile activities with verifiable audit trails, ensuring full compliance with tax regulations. By integrating both on-chain and off-chain data, NODE40 provides a holistic view of every transaction's lifecycle, from acquisition to disposition. This approach offers precise calculations, instills confidence, and ensures compliance for accountants, traders, and financial institutions managing digital assets.
Key Features and Functionality:
- Secure Controls: NODE40 is the first consumer crypto tax software to achieve SOC1 Compliance, ensuring robust security and reliability.
- Seamless Integration: The platform allows for the export of audit trails into various programs, including Excel, TurboTax®, H&R Block®, and Drake Software®, facilitating comprehensive portfolio analysis and tax preparation.
- Smart, Secure Cost-Basis Tracking: Utilizing tax lot identification (SpecID, NODE40 tracks the cost basis for every blockchain transaction, creating independently verifiable audit trails essential for accurate accounting.
- Full Transaction Visibility: Users gain insights into tax liabilities, asset performance, and detailed audit trails for every transaction, enhancing transparency and decision-making.
Primary Value and User Solutions:
NODE40 addresses the challenges of cryptocurrency accounting by providing a comprehensive solution that automates transaction tracking and reconciliation. It offers accountants and financial professionals the tools to interpret digital asset transactions accurately, ensuring compliance with tax regulations and reducing the risk of errors. By delivering detailed audit trails and integrating seamlessly with existing tax preparation software, NODE40 simplifies the accounting process for digital assets, allowing users to focus on strategic financial management rather than manual data reconciliation.