Divly is a platform that is specialized in helping individuals and companies comply with taxation and accounting requirements.
In this tutorial we will explore Divly from the perspective of a company that has crypto on their balance sheet / income statement. By the end of it you will have a better understanding of how to set up Divly for your crypto accounting needs. Feel free to send this tutorial to your accountant if they are the ones responsible for handling this process.
Create a Divly account
Click this link to register and select Business - I want help with bookkeeping for my company. Provide an email, choosing a password, and agreeing to our user Terms & Conditions. You can also sign up using your Google account.
We highly recommend using Divly on a computer in order to access all of the features.
Set your preferences
After registering with Divly, you will first go through our onboarding process. Please select the dates that match your company financial year, the local currency, and cost basis method (typically FIFO in most countries).
Understanding the sidebar
Once you complete onboarding, you will be presented with a sidebar with five tabs. We will explore these later in the guide, but to summarize them in short:
Overview: This is where you track your crypto portfolio performance and balance.
Wallets: This is where you import transactions and manage your wallets/exchanges.
Transactions: This is where you view/add/edit/delete/export your transactions.
Reports: This is where you generate the reports to be sent to your accountant.
Divly has simplified the crypto accounting process to save you time and money. Depending on your setup, you may want to use Divly yourself and send the reports to your accountant. Alternatively, you can also invite your accountant to use Divly for you.
Proceed to the next step!
All of the pages wont show you much until you import your transactions. So let's got take a look at the next part of the guide - Step 2: Import your crypto transactions.