AEM Algorithm

What is it?

AEM Journaler, is a SaaS B2B accounting software that integrates with Xero and Intuit QuickBooks. Users can easily track, manage, and report their crypto transaction data, simplifying the reconciliation process from end-to-end.

What problem does it solve?

• Eliminates manual accounting processes and streamlines financial management with advanced automation.
• Solves blockchain and wallet incompatibility, offering comprehensive customisation for unique digital asset and Web3 accounting needs.
• Addresses reporting complexity by ensuring compliance with regulatory accounting standards.
• Fills the gap of a lack of integrated solutions in the market, combining digital asset transactions with traditional financial data.

Feature Highlights

• MANAGE 100+ LIVE BLOCKCHAIN WALLETS — Track crypto transactions & wallet balances automatically.
• SYNC TRANSACTION DATA VIA INTEGRATIONS — Directly sync your transaction data, invoices, bills, tax liabilities, and wallet balances in seconds.
  • Accounting Systems: Xero and Intuit QuickBooks
  • Exchange Platforms: Binance and Coinbase
  • Self-Custodial Wallets: MetaMask and Xverse
• IMPORT CRYPTO TRANSACTION DATA FOR 20,000+ CURRENCIES — Import crypto transactions via custom CSV and XLSX templates.
• AUTOMATE INVOICING AND BILLING — Generate automated invoices and bills to streamline financial processes.
• CRYPTO TAX CALCULATOR (FIFO / LIFO) — Simplify crypto tax calculations with precision and ease.
• INVITE & COLLABORATE WITH YOUR TEAM — Invite multi-users and create company profiles for easy, collaborative accounting.

How it works

1. Connect your crypto wallets to enable automatic data synchronisation and receive real-time updates on all incoming and outgoing transactions. Watch here.
2. Import transaction data directly from exchanges for streamlined tracking. Watch here
3. Categorise transactions for effortless tracking and accurate crypto tax reporting.
4. Integrate with accounting systems such as Xero and QuickBooks to simplify data export. Watch here
5. Generate and export detailed journal entries with your specific chart of accounts.
   
   • Xero exports
   • ‍Xero Journal exports
6. Get customisable gain/loss reports with options for tax settings with date range, currency, cost base method, cost tracking method (LIFO,HIFO, FIFO, ACB, etc.). Watch here

Deal

Mention The Accountant Quits to get a 1 month free trial on the Pro Plan