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How to Account for Bitcoin in QuickBooks Online

blockpath - /pages/QuickBooks -

More people every year are accepting Bitcoin in their business, and combining it with your traditional accounting methods can pose some difficulties. Let's discuss how to integrate Bitcoin into your QuickBooks Online account.

Here are a couple methods you can choose from:

Home Currency Method

Convert the Bitcoin value into your home currency (ex: 'USD'), and manually create transactions with those values. This is a simple choice if you don't have many transactions to include, and you just [...]

QuickBooks is showing the wrong ending balance by greg77 in QuickBooks

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

Hello Greg,

We have noticed that bug before, and we have confirmed it is a problem with QuickBooks. It can happen when an account is deleted and then recreated in a short time period, QuickBooks gets confused on the account's balance somehow.

It can be fixed by simply running the Reconcile feature from within QuickBooks (not Blockpath!). That seems to force QuickBooks to recalculate the account's balance and should fix the issue.

I'm glad you are enjoying our app!

Thank you!

-Matt

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Blockpath App: Bitcoin Email Notifications

blockpath - /pages/Blockpath -

Don't stress and waste time checking your Bitcoin balance everyday!

Get an email notification whenever a transaction into or out of your Bitcoin addresses occurs.

Bitcoin Transaction Email Notification

Useful for many purposes: Monitoring donation addresses, payments from clients, watching cold wallets... Always know where your Bitcoin are at all times.

[Check out the email notifications app here.](https://blockpath.com/wallets/new?action

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Blockpath App: Currency Converter

blockpath - /pages/Blockpath -

An easy to use Bitcoin price converter.

Convert between Bitcoin, mBTC, uBTC, satoshis, US Dollar, Chinese Yuan, Japanese Yen, Pound Sterling, Euro, Thai Baht, and Canadian Dollar.

Bitcoin Currency Converter

By default the app rounds to the currency's typical decimal precision, but you can toggle this to show up to 8 decimals for more precision.

[Use the Bitcoin Exchange Rate Calculator Here](https://blockpath.com/wallets/new?action

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QuickBooks Guide: View Capital Gains Report

blockpath - /pages/QuickBooks -

Blockpath automatically calculates and places your capital gains into QuickBooks in a parent income account named 'Crypto Capital G/L'.

Bitcoin held for less than one year is placed into a sub-account named 'Crypto Capital G/L - Short Term', while gains from longer than one year are placed into 'Crypto Capital G/L - Long Term'.

Capital G/L Income Accounts

To view a report, find the income account in the QuickBooks Chart of [...]

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QuickBooks Guide: How to Reconcile Accounts

blockpath - /pages/QuickBooks

Reconciling accounts is a feature where Blockpath checks the Bitcoin data within QuickBooks for accuracy.

We will look at the balance and transactions of each Bitcoin account within QuickBooks, and compare against current Blockchain data.

Blockpath automatically runs this reconciliation after various user actions, but we've made it available to be run manually for peace of mind when reviewing your finances.

Reconcile Window

**How [...]

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QuickBooks Guide: How to add Accounts + Addresses + xPubs

blockpath - /pages/QuickBooks -

The accounts that Blockpath will create and sync into QuickBooks are controlled from Blockpath's Wallet Manager.

Accounts are groups that contain your addresses you want to monitor.

Addresses will be sub-accounts within QuickBooks that will hold your transactions (except for xPubs, see below)

Access the Wallet Manager from the QuickBook app, or from above the summary section on the transaction page.

[Wallet Manager Button Locations](https://blockpathstatic.website/images/qb/walletmanager.

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QuickBooks App Coming Soon!

blockpath - /pages/QuickBooks

Youtube Video

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Blockpath App: Export To Excel

blockpath - /pages/Blockpath -

Sometimes you want your Bitcoin transaction data in a simple Excel .xlsx format, so you can move it to other applications and process it with your own tools.

We've made an app that will export all transactions currently loaded in your wallet/search page into an Excel format.

Export To Excel Preview

It will include columns detailing each of your addresses that were involved, along with the value transferred for each of them. If you have any [...]

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Blockpath App: xPub Analyzer

blockpath - /pages/Blockpath -

Try the xPub Analyzer Here

An xPub is a public key that HD wallets use to generate unlimited new receiving addresses. Given an xPub, you can derive all possible receiving addresses. However, different wallets use different methods to derive these addresses, and it can be difficult to know which method and which addresses have been used.

This app allows you search through these different derivation paths, and see the BTC amount received + [...]

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New Features September 2018:

blockpath - /pages/Blockpath -

  • Bech32 addresses are working!
  • You can now view bitcoin amounts in other currencies, including your fiat currency in the exchange rate at the time of transaction! Access this in the settings menu on the left sidebar of a search page.
  • We've added many tools in a new tab on the search/wallet pages, including a price chart, xpub analyzer, currency exchange calculator and a feature to export data to XLSX.
  • Your watch-only wallet data can be backed-up on our servers so you can access it from [...]

New Features: Privacy oriented address tracking with address+tx labeling. by blockpath in Blockpath

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

Thank you! I really appreciate it. I'm working everyday to make it better, if you have any ideas just send me a message and I'll look into it

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New Features: Privacy oriented address tracking with address+tx labeling.

blockpath - /pages/Blockpath

I've been pushing out features that will help you to manage and track your blockchain activity more easily. No more having your coins randomly scattered between hardware/phone/paper wallets and not knowing their status, here is a dashboard for tracking all of your coins.

After starting an ordinary search, open the "edit search" tab to add multiple addresses/xpubs, label them, and then save your watch-only wallet.

The data can either be saved directly inside your browser, or you can copy the [...]

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New Features: Currency Conversions, Bulk Import, Improved Value Display, more...

blockpath - /pages/Blockpath

Just rolled out some new features for Blockpath:

  • You can convert the currency units used to -> mBTC, Satoshis, USD, CNY, Euro and more. Use the settings button in the table toolbar to select your currency.

  • Login to your Blockpath account to save your currency + graph settings for when you come back.

  • Import multiple addresses, transactions, or xPubs by opening the "Add Address" button at the top of the table page and pasting a comma-separated list of items.

  • The "Amount" column of the [...]

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New Feature: You can now search for a xPub account!

blockpath - /pages/Blockpath

Track the balance of an xPub (or multiple xPubs!!) and graph the connections between the different addresses involved. Try it out with this example xPub:

Current implementation: It searches the '0' key space for receiving addresses with a gap limit of 20, and then joins together the change address "1" keyspace. Address limit is at 50 while we are [...]

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Feedback, Bugs, Feature Requests... Post Here Please

blockpath - /pages/Feedback

Hello everybody, welcome to Blockpath! If you have ideas for improving the site, or you come across some bugs for us to fix, please make a quick post here. Thank you.

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Blockpath Donation Address

blockpath - /pages/Blockpath -

The servers and time to run Blockpath are not cheap, we appreciate any donations you are able to make.

1qh8vU7d6japEobN5jKsMDECmMf2RVtDL

As we receive and spend donated coins, we will update here about how they are being used.

Thanks.

The transaction that can XSS attack unprepared block explorers by [deleted] in Interesting

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

Need to redo this post to get new tx data that includes confirmations

Example Post by blockpath in frontpage

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

Wow cool post

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Example Post

blockpath - /pages/frontpage

Just an example post to look at

newqueuaslkdjfasijf by [deleted] in frontpage

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

yes sirrrrrrrrrrrrrrr

blockpath[A]

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