Equyt (EH-quit) runs the monthly close for businesses that hold Bitcoin, from custodian data to an audit-ready package. A single quarter can produce a phantom gain, a tax figure that does not match the books, and a lot history nobody can rebuild later. We get the numbers right before they reach your board or your auditor.
June 2026 · period close
Connects to the custodians, exchanges, and ledgers you already use
Holding Bitcoin puts three problems on the finance team that ordinary spreadsheets and a general-practice CPA were never built to handle.
Move Bitcoin between your own wallets and a spreadsheet can read it as a sale. The books then show a gain on a transaction that never happened, and you report income on money you never made.
The same sale produces one figure for your financial statements and a different one for your tax return. A general-practice CPA often tracks only one, so the books and the return quietly disagree until an auditor finds it.
Cost basis depends on which specific lots you sold, going back years. Once that detail is lost, no one can reconstruct it, and a clean audit turns into manual archaeology.
A single misclassified transfer can put thousands of dollars of phantom gain on the books. The figures used throughout this site are illustrative, not a guaranteed outcome.
Equyt does one thing: Bitcoin on a corporate balance sheet. Because it is not stretched across dozens of assets, the cost basis, fair value, and lot tracking go deeper and stay more correct than a general multi-asset tool, from raw transactions to a board-ready close.
Pull every transaction directly from your custodians and exchanges each period. No CSV exports, no manual entry.
FIFO, LIFO, or specific identification: your accounting policy, applied consistently at the lot level, automatically.
Mark holdings to fair value at period end per ASC 350-60, with the price source and methodology documented for you.
Generate the entries for purchases, disposals, and remeasurement, then push them straight into QuickBooks or Xero.
Every number ties back to a source record, a price source, and a workpaper, all exported as a clean package for your auditors.
A period-end rollforward and treasury summary your board can read, generated the moment your close is complete.
The same three events, buy 1 BTC, move part of it to cold storage, then sell half, handled two ways. On the left is a spreadsheet. On the right is the same month closed in Equyt.
A transfer between the company’s own wallets is not a sale, so nothing posts to the books.
GAAP carries the holding at fair value, now 65,000. The tax basis stays at cost and ignores the change.
The same sale shown two ways: GAAP carrying value and tax cost basis. Both figures are correct, and both are documented.
Illustrative example using round numbers to show how the same activity is handled. Equyt does not provide tax, legal, or accounting advice, and the figures shown are not a guaranteed result.
The workflow is the same whether you hold less than a Bitcoin or manage the treasury at a private company doing hundreds of millions in revenue. Equyt scales with you.
The same five steps every month, done in minutes, not days.
Link your custodians, exchanges, and accounting system with read-only access.
Equyt pulls every transaction for the period and reconciles to your on-chain balances.
Cost basis is calculated lot by lot under your chosen accounting method.
Holdings are marked to fair value and journal entries flow into QuickBooks or Xero.
Export the board report and audit package. The period is closed.
Equyt is designed for finance teams who can't afford to get this wrong.
Read-only and scoped to your close. Equyt can never move your funds.
Every fair-value mark and cost-basis figure is backed by a documented, repeatable methodology your auditor can follow.
Source records, price sources, and workpapers are retained for every period and exported on demand.
The current standard requires companies to measure crypto assets at fair value, with changes recognized in net income each period. Equyt applies it consistently, so your close is compliant by default.
We're assembling the team that gets Equyt off the ground: one founding engineer with meaningful equity and real ownership, and a founding accounting advisor to make the numbers defensible. Bootstrapped, building toward revenue, a real problem in a growing category with no good tools yet.
Technical co-founder. Own the product end to end: architecture, the custodian, exchange, and accounting integrations, and the engineering team you'll build. Senior full-stack with working Bitcoin knowledge.
Founding advisor. Make the accounting defensible: validate our methodology for fair value and cost basis under ASC 350-60, and be the professional credibility behind the work. Licensed CPA who genuinely understands Bitcoin.
Equyt is founder-funded and built by people who have held Bitcoin for years. Building only for Bitcoin is a quality decision: a platform focused on a single asset handles the cost basis, fair value, and lot tracking more completely than a multi-asset tool fitting in one more coin. With no outside investors, the system of record is built to last instead of to chase an exit.
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