AEM automates capturing of cryptocurrency transactions for accounting purposes by extracting information directly through the blockchain. By providing an integrated accounting tool AEM gives business and individuals an easy way to convert between FIAT and crypto for financial reporting purposes. With data traced to each transaction, block information becomes easy to access, verify and restore. AEM focuses on maximising efficiency and stays compliant with the Taxation Office reporting standards and makes accounting effortless.
AEM empowers businesses and individuals operating with cryptocurrencies by providing a system specifically adapted to their needs. It effectively reduces the cost of accounting through automation. The middleware solves the issue of duplicate entry and slow reconciliations by introducing direct flow of information from the wallet address to the designated accounting system. Integration between cryptocurrency wallets and FIAT based accounting software means that businesses are able to transact with alternative currencies and separately store their accounting data.