How do I map out my company crypto holdings clearly?
In short: Paucitas maps out company crypto holdings in a way that holds up in the financial statements and towards your accountant. You supply the addresses and the accounts, we deliver the balances, the transaction series and the substantiation per line.
Prefer to speak to someone straight away? Call 24/7+31 20 244 5774
What Paucitas does
We separate business holdings from the holdings of the director, because in practice that is the first question an accountant asks. The turnaround time is from the same day to around two weeks, depending on the case. With several financial years, or with a company that also invoices in crypto, it takes longer.
For a UK limited company the separation is not only a bookkeeping matter. It decides which holdings belong on the balance sheet at all, and a wallet used for both purposes has to be split transaction by transaction.
We separate business holdings from the holdings of the director, because in practice that is the first question an accountant asks. The turnaround time is from the same day to around two weeks, depending on the case. With several financial years, or with a company that also invoices in crypto, it takes longer.
What you supply
You supply Paucitas with the addresses of the business wallets, the exports from the exchanges, the bank statements of the company and the ledger data for the period concerned. Where a wallet was used privately as well, say so at the start rather than later.
Ledger data for the period concerned belong with the exports and the bank statements. Where a wallet was used privately as well, say so at the start; it changes the method rather than the price.
What you receive
You receive from Paucitas a balance table per reference date, a transaction overview with a source reference per line and an account of the method. The figures are delivered in an importable format and in a readable table with the same content, so a reviewer does not need the software.
Where a transaction cannot be assigned to either the company or the director on the data available, it is listed separately rather than allocated on an assumption.
For readers in the UK the separation is not only a bookkeeping matter. For a limited company it decides which company crypto holdings belong on the balance sheet at all, and a wallet used for both purposes has to be split transaction by transaction rather than allocated as a whole.
The figures are delivered in an importable format and in a readable table with the same content, so a reviewer does not need the software. Where a transaction cannot be assigned to either the company or the director on the data available, it is listed separately rather than allocated on an assumption.
How to get started
You contact Paucitas with a short description of your company, the financial years and the deadline you are tied to. We will tell you straight away whether it fits. Write through the contact page and copy in your accountant if that is easier.
Tell us the financial years and the deadline you are tied to, and copy in your accountant if that is easier. You will have the scope and the cost before anything starts.
If an audit or a filing deadline is close, mention the date in the first line of your message so we can tell you honestly whether it can be met.
The assessment in the financial statements remains with your accountant.
Would you like to know what this means for your situation? Ring us on +31 20 244 5774, day or night, or fill in our contact form and you will hear from us within 1 to 3 hours. We answer emails within 24 hours, usually the same day. The intake is free and without obligation.
Do you have a question about your own situation?
Feel free to get in touch with Paucitas. Paucitas can be reached by phone 24/7, including evenings and weekends. Through the contact form we usually reply within 1 to 3 hours, and we answer e-mail within 24 hours.
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Frequently asked questions
About your case
Are business holdings separated from those of the director?
Paucitas: yes. That separation is the first step, and a wallet used for both purposes is split transaction by transaction.
How long does an inventory for one financial year take?
Paucitas: from the same day to around two weeks, depending on the case. Several years or invoicing in crypto takes longer.
Can my accountant import the figures?
Paucitas: yes. The overview is delivered in an importable format and in a readable table with the same figures.
From Amsterdam, for the whole of the UK
Everything can be done fully online. Prefer to meet in person? You are very welcome at our office in Amsterdam, by appointment.
Paucitas is an independent expert firm based in the Netherlands that, for clients across the UK, investigates investment fraud and crypto fraud, establishes the origin and legitimacy of crypto assets and prepares expert reports for legal proceedings and compliance.
Your own situation
If you are reading this, you probably have a question about your own situation. That is exactly what Paucitas does.
The first step is contact by phone. You can book that call by phone or through the contact form, so you do not have to wait. In the call we look together at what can factually be established in your case and what Paucitas can examine for you.