FAQ

How do I add a new User?
Step 1: Click +New to add new user Navigate to Admin>Users and click the +New button to add new Users to your SoftLedger system and complete the below r...
Tue, 14 Feb, 2023 at 11:38 AM
How to convert Quickbooks (QBO) Journals to SoftLedger Journals
Description If you are upgrading to SoftLedger from Quickbooks (QBO), read through the process and example file in this article to convert your historical ...
Thu, 28 Apr, 2022 at 7:35 PM
How do I Create a Receivable with Crypto?
Description To create a receivable as an Invoice where the expectation is to capture some form of revenue paid in a crypto asset, SoftLedger customers crea...
Thu, 9 Jun, 2022 at 7:19 PM
How do I mark crypto assets to market?
Description Crypto asset balances represented on a Balance Sheet are initially recorded at the cost basis. Given the values for these assets fluctuate, man...
Wed, 18 May, 2022 at 7:28 PM
How do I close the month and fiscal years?
Description A core benefit of SoftLedger is the quick, but regimented process to close down accounting periods. Closing down relatively soon after the end ...
Mon, 12 Sep, 2022 at 8:36 PM
What is an example of forex revaluation?
Description SoftLedger has the ability to accept any fiat currency on any transaction, and convert that transaction to the reporting currency of the entity...
Mon, 12 Sep, 2022 at 11:34 AM
How to account for fixed assets?
Description Fixed assets are assets purchased for long-term use, and are not liquid or likely to be converted quickly into cash, such as land, buildings, a...
Fri, 23 Jun, 2023 at 2:38 PM
How do I record a Fee Only crypto transaction?
Description On many blockchains, such as Ethereum, there can be transactions that solely consist of a fee, rather than the actual receipt or send of any cr...
Tue, 25 Oct, 2022 at 1:57 PM
Export SoftLedger Foreign Exchange (FX) rates
TABLE OF CONTENTS Description How To Description To export to a spreadsheet and review foreign exchange rates for currency pairs. Available for all tr...
Thu, 1 Dec, 2022 at 6:28 PM
How Do I Account for Crypto Futures Trading?
Description Futures trading of any asset refers to entering into contracts that speculate on the price of the underlying asset without actually owning them...
Tue, 7 Mar, 2023 at 6:34 PM