Wallet Import & Accounting
Last updated
Last updated
BlockPeer simplifies the process of importing blockchain wallet transactions for accounting purposes, offering a human-readable interface designed specifically for finance teams. This feature allows finance professionals to easily manage and account for external wallet transactions such as those from Metamask, Coinbase, and multisig wallets.
By decoding complex blockchain data into plain English, BlockPeer ensures that all transactions are clearly understood and seamlessly integrated into the organization’s books of accounts.
Navigate to Wallet Import:
Go to Accounting → Wallet Import.
Select Blockchain:
Choose the blockchain from which you want to import wallet transactions. BlockPeer currently supports a wide range of blockchains, including but not limited to:
Ethereum, Polygon, BNB, Arbitrum, Avalanche, Optimism, ZKSync Era, Base, Solana, Bitcoin, and more.
Import Wallet Transactions:
Enter the external wallet address to import the transactions.
BlockPeer will automatically pull all the relevant transaction history from the blockchain.
Human-Readable Transactions:
The imported transactions are in a human-readable format, providing a clear explanation of each transaction. This makes it easier for finance teams to understand the nature of the blockchain activities, such as transfers, smart contract interactions, swaps, and more.
Accounting Interface for Transactions:
After reviewing the transactions, finance teams can assign debit and credit accounts to each transaction or create accounting rules to automate the process for future imports.
For example, you can create a rule to automatically tag transactions from a particular wallet address as "Supplier Payments" and map them to the correct accounting entries.
Bulk Apply Rules:
To simplify the accounting for large volumes of imported transactions, BlockPeer allows you to create accounting rules that can be applied in bulk. This can be particularly useful for high-frequency wallets with hundreds or thousands of transactions.
Supported Blockchains:
BlockPeer supports wallet imports from a wide range of blockchains. Below is a list of currently supported networks, with more to be added in the future:
EVM Chains: Ethereum, Arbitrum, Avalanche, Base, Binance Smart Chain (BSC), Celo, Cronos, Fantom, Gnosis, Moonbeam, Optimism, Polygon, Polygon zkEVM, ZKSync Era, and more.
Non-EVM Chains: Bitcoin, Cardano, Solana, Tron.
Specialized Chains: Avalanche P-Chain, Avalanche X-Chain, Ronin, Pulsechain, Zora.
Automated Accounting Entries:
Once the debit and credit accounts are mapped, BlockPeer will automatically pass the accounting entries for each imported transaction. This feature reduces the manual effort of logging blockchain transactions and ensures accurate financial reporting.
Export & Reports:
After the wallet transactions are accounted for, you can generate reports or export the data for internal review or audits. This feature enables seamless integration with traditional accounting workflows while maintaining transparency for blockchain-related activities.
Key Benefits:
Human-readable Transaction Data: Clear descriptions of blockchain transactions for finance teams.
Automation: Create accounting rules to speed up the categorization and accounting of wallet transactions.
Wide Blockchain Support: Ability to import wallet data from over 40 different blockchains.
Accurate Reporting: Automated accounting entries ensure accurate financial statements without manual input.