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How to import transactions WBO/Blockpath - not using wallet

olivebit -

Hi I'm a QBO Specialist/Bookkeeper - we have BTC on our balance sheet and I want to use the Blockpath app with QBO to help manage transactions postings. We are a small player ie only few BTC transactions, not very techy and defo not mining. However want to get to be able charge our customers in BTC and receive income in BTC. - Starting with the basics: How can we import the transactions? We dont have any transactions in a wallet, the transactions are in our business account with Coinpass - that is a UK Exchange. I can export the Coinpass transactions to csv - how can I import these to QBO/Blockpath ?

Also, what transaction type is used to buy and sell BTC ? I assume these are Sales Receipts and Sales Refunds? These use 'items' in QBO, are these set to Stock tracking? (Then it would track the BTC qty balance)

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[–]blockpath 0 points1 point ·  (0 children)

Hello,

Currently our software can only import transactions from on-chain transactions. However, with the rise of off-chain transactions (Lightning Network), we are investigating allowing importing of an excel sheet of transactions into QuickBooks.

The transaction types we use are Sales Receipt OR Invoice+Payment for incoming transactions, and Journal Entry for outgoing payments (since we automatically calculate capital gains within QuickBooks for you!).

When developing the service we looked into using Bitcoin as an inventory stock item, but there were many issues with it that I don't recall now. We use Bitcoin as a foreign currency using the multicurrency abilities of QuickBooks.

QuickBooks

A place to discuss Blockpath's QuickBooks Online Cryptocurrency App. Feel free to ask questions, make suggestions, and give feedback here.