Hello,
i want to do bookkeeping / accounting for my bitcoin transactions.
I would like to know what people are doing for calculating how much they spend in their fiat currency for bitcoin, etc.
Right now i am buying bitcoin from bitcoinlocal, and after every transaction, finding out how much $1 in my currency equals to how much bitcoin i just got.
Then when i purchase goods online, i can use that as a reference to figure out how much fiat currency i spent.
But im sure there is a better way? Any programs / wallets / spreadsheets available that do this calculating automatically for you??
All transactions are in the blockchain. Most bitcoin wallets have a transaction log. i want to do bookkeeping / accounting for my bitcoin transactions.
I would like to know what people are doing for calculating how much they spend in their fiat currency for bitcoin, etc.
Right now i am buying bitcoin from bitcoinlocal, and after every transaction, finding out how much $1 in my currency equals to how much bitcoin i just got.
Then when i purchase goods online, i can use that as a reference to figure out how much fiat currency i spent.
But im sure there is a better way? Any programs / wallets / spreadsheets available that do this calculating automatically for you??
These walles have an option to show how much these transactions are worth in $. You can export them into excel or some small database file which you can easily convert into an excel file.
It's a good idea to show how much they are worth in $, but remember that it may change over time. It's like keeping tracking of your transactions in pounds and saving its value in dollars, over time that may have very different outcomes so I'd only use this as a reference of the spending at the time because the value doesn't remain the same.
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