Q: What does a journal entry look like for a synced transaction in QuickBooks?
A: Journal entries are designed to reflect the most pertinent information regarding your crypto transactions. See below for a sample entry for when crypto is paid out (expense). The asset is decreased, gas fees register to the corresponding mapped account, and the expense hits the standard Uncategorized Expense account.
To learn more about syncing transactions to QuickBooks, check out our helpful article here.
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