This instruction describes how to record cryptocurrency (e.g., USDT) transactions in FirstBit Software, ensuring that financial results are reflected in Finance Income / Finance Expenses, rather than in Revenue / Operating Income.
To record transactions in accordance with the company’s accounting policy, create an account to track cryptocurrencyyou must first create a dedicated GL account for cryptocurrency.
Go to: Accounting → Chart of Accounts → Create. Select the Parent group where the new account will be created, then fill in the account Code and Description. Choose the appropriate section in accordance with the company’s accounting policy, then save the account.
To create the account, follow the instructions at the link Adding an Account to COA.
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Please Note: The approach ensures crypto is treated as a financial asset, not as a product sale.
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