Accounting Setup
Welcome aboard! 🚀
Setting up BlockPeer Books is the first step toward a single source of truth for both your fiat and digital-asset finances.
Forget spreadsheets, wallet screenshots, or endless CSV exports—this guide walks you through building an automated, audit-ready accounting workspace in just a few minutes.
🧭 Step 1: Create Your Company (Entity)
Every company in BlockPeer Books is called an Entity.
- Go to Settings → Entities
- Click Add Entity
- Enter your legal company name, currency, and fiscal year start
- Upload your logo and set time zone
💡 Tip: Multi-subsidiary groups can create multiple entities and switch between them instantly.
🧱 Step 2: Set Up Your Chart of Accounts
Your Chart of Accounts is the foundation of your reporting—BlockPeer gives you a hybrid one that works for crypto + fiat.
- Navigate to Books → Chart of Accounts
- Start with the built-in template or import from Excel
- Add specialized accounts for:
- Digital Assets (e.g., USDC Wallet, ETH Treasury)
- Realized / Unrealized Gains
- Exchange Fees & Gas Costs
- Stablecoin Liabilities (for payables or PDCs)
Each account you create can be tagged to a wallet, network, or exchange—so every on-chain transaction finds its way home to the right ledger.
⚙️ Pro Move: Enable the Auto-Categorize toggle to let BlockPeer match wallet activity to accounts automatically.
🔗 Step 3: Connect Wallets & Exchanges
Accounting without data is just guessing.
Bring your assets in!
- MPC Wallets: log in via email—no seed phrase required
- Safe Multisig: map signing thresholds and owners
- Exchanges: add API keys from Binance, Coinbase, Kraken, OKX, etc.
Once connected, BlockPeer:
- Syncs historical transactions
- Tags them to the right accounts
- Posts journal entries in real time
⏱ It literally runs your bookkeeping while you sleep.
🧾 Step 4: Define Taxes & Currencies
- Head to Books → Settings → Taxes & FX Rates
- Add VAT/GST or sales-tax codes
- Select your home currency (USD, AED, EUR, etc.)
- Choose whether you want daily FX updates from market feeds
BlockPeer will now auto-convert crypto valuations at the rate valid on transaction date—so your gain/loss reports always add up.
👥 Step 5: Add Users & Roles
Invite your team under Admin → Members.
Typical roles:
| Role | Access Scope |
|---|---|
| Admin | Everything—including setup & billing |
| Finance Lead | Books + Wallets |
| Accountant | Ledger + Reports |
| Auditor | Read-only access with filters |
📊 Step 6: Verify Everything in Reports
Once connected and mapped, check your first dashboard:
- Trial Balance: fiat + crypto in one view
- Realized Gains / Losses per asset
- P&L with stablecoin inflows
- Wallet Balances synced to the blockchain
Export any report to Excel or PDF with one click.
📈 Congratulations! You just built a Web3-ready accounting system.
Still setting up? Our team is one message away at support@blockpeer.finance 💬