DAA
Digital Accounting Advisory LLC
CrYpto
Accounting &
AUTOMATION
Simplifying Digital Assets Accounting
About Us
At Digital Accounting Advisory, we provide top-notch digital accounting and bookkeeping services to businesses of all sizes. With our team of experienced professionals, we help our clients streamline their financial operations and make informed decisions that drive growth and profitability. Our commitment to accuracy, efficiency, and transparency sets us apart, and we pride ourselves on delivering personalized service that exceeds our clients' expectations. Whether you're a startup, a small business, or a large enterprise, we have the expertise and technology to help you succeed. Get in touch with us today to learn more about how we can help you manage your finances with ease.
Our Services
Digital Assets Accounting
Accurate and reliable accounting services for cryptocurrencies and other digital assets.
FP&A and Reporting
Comprehensive financial planning and reporting services to help businesses make data-driven decisions.
Process Optimization & Automation
Streamline operations, reduce costs, and increase efficiency through the use of process redesign and cutting-edge technology
Digital Assets Accounting
Accounts Payable
(Procure to Pay)
- Vendor Master Maintenance
- PO Processing
- Invoice Processing
- Vendor Inquiries
- Exception Handling
- T&E Administration
- Reconciliations & Period Closing Process
Accounts Receivable
(Order to Cash)
- Customer, Pricing & Items Master Maintenance
- Sales Order Processing
- Billing & Collections
- Cash and Digital Assets Application
- Revenue Recognition
- Accounting treatment for various crypto transactions
- Reconciliations & Period Closing Process
General Accounting
(Record to Report)
- Period Closing Processing
- Chart of Accounts
- Journal Entry Processing
- Accruals & Allocations
- Account & Bank Reconciliations
- Fixed Assets Management
- Management & Financial Reporting
- Payroll
FP&A and Reporting
FP&A
- Development and maintenance of financial models and forecasts for digital assets
- Analysis of financial data to support decision-making and strategic planning
- Budgeting and forecasting of revenue, expenses, and cash flows
- Scenario analysis and sensitivity testing to assess potential risks and opportunities
Reporting
- Dashboards for analysis of financial data
- Identification and tracking of key performance indicators (KPIs)
- Support for tax planning and reporting
- Preparation and submission of regulatory filings, including SEC filings
- Implementation of internal controls for accuracy and completeness of financial data
Process Optimization and Automation
Process Optimization
- Analysis and evaluation of current accounting processes to identify bottlenecks and inefficiencies
- Development and implementation of streamlined processes and workflows
- Optimization of existing accounting software to improve speed and accuracy
- Standardization of procedures and documentation to ensure consistency
Automation
- Assessment and analysis of current accounting processes and systems
- Development and implementation of customized automation solutions
- Integration of automated systems with existing accounting software
- Digital assets specific automation including wallet data ingestion, staking and blockchain to ledger recon.
Case Studies
Digital Assets Accounting
- Maintained the GL chart of accounts, performed monthly GL account reconciliations.Provided support for external audits and assisted with the preparation of financial statements and footnotes by utilizing NetSuite and Workday systems.
- Increased financial transparency and compliance through accurate GL account reconciliations and journal entries.
- Reduced the risk of financial misstatements and errors through accurate chart of accounts maintenance.
Data Analytics & Reporting
- Produced comprehensive financial reports and KPI dashboards in Tableau, delivered SQL data validation and remediation projects, and generated various data sets and reports in Alteryx to facilitate annual financial, tax, and SOC audits.
- Enhanced risk management and compliance efforts by conducting detailed analysis and mitigating potential losses.
- Improved stakeholder confidence and satisfaction by providing transparent, accurate, and timely financial reporting and analysis.
Financial Process Automation
- Performed FIFO based Digital Assets Impairment for over 100 tokens, crypto custodial fee calculations and Fiat and digital assets recon automation including blockchain to ledger, book to ledger, omnibus, and multiple bank files.
- Improved operational efficiency by automating time-consuming and error-prone manual processes
- Enhanced scalability and flexibility, enabling business to adapt quickly to changing market conditions and customer needs
Get a quote or set up a consultation.
Phone
(704) 488-2712
Email
sales@digitalaccountingadvisory.com
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