At Gilded, we know setting up your chart of accounts is going to be specific to your business needs so that is why we let you stay in control of making your chart of accounts Gilded ready--but we do have a few recommendations in order to streamline your financial operations and reporting.

First we recommend having a Parent Digital Asset Account set up. This can be done one of two ways:

Option #1: Auto-Configure from the Gilded App>Integrations page

When this option is selected, Gilded automatically creates and maps a digital asset account for you in QBO. This account is created with the account type Other Current Assets and detail type Other Current Assets.

Option #2: Manual Set-up (Recommended if enabling wallet mapping)

If you prefer to manually make your chart of accounts Gilded ready, you should take the following steps in QBO for each new asset account needed:

Once your asset accounta(s) are created, it may be necessary to complete the above steps again for each additional type below. Uncategoried Income and Expense may be selected and reclassed later.

For Fees, we recommend using Bank Charges and Fees but a separate and distinct account (i.e, Gas Fees) could be created for more detailed tracking.

After the accounts are all set up, click refresh chart of accounts to ensure Gilded is reading from the most current version and begin mapping.

And of course, don't forget to save your changes!