Moonie App: Useful Cryptocurrency Bookkeeping Accounting Program
Moonie is a digital desktop accounting program mainly designed for small-scale cryptocurrency investors and traders. The platform is an affordable bookkeeping solution to help the user prepare for tax time reporting. It takes a lot of time, effort, and patience in order to keep accurate records of cryptocurrency trading activity, which is why Moonie came into existence.
The user simply needs to enter all their transaction activity, and then Moonie will do the rest. The platform also enables users to generate reports ranging from a simple fiscal year summary to a complete breakdown of balances, gains, fees and holds.
The platform being a standalone desktop App, users are free to work anywhere anytime. Users should be aware that Moonie is a standalone desktop application available for Mac, OS, and Windows computers. The app is not meant for mobile devices either.
The platform accepts the users’ incoming, outgoing, and trade transactions as the basic types of data required. Users are required to enter the price each time they make a cryptocurrency transaction.
Users are also required to enter the end of tax year day-prices for all currencies transacted within that entire period. In addition, users can feed in fees paid, reference numbers, descriptions, account addresses, and transaction ID’s.
All these transactions can either be entered manually or through generic CSV import. When users sell cryptocurrency, they stand to make either a capital gain or loss. This is possible when they trade one cryptocurrency for another on an exchange, trade a cryptocurrency to fiat or when they either make a purchase or gift someone using cryptocurrency.
In addition, when fees are paid, gains in the fee amount are accounted for. The platform stores all its data locally in a database in the user’s computer. It is, therefore, the user’s responsibility to make regular backups. Moreover, the platform has no way of accessing or retrieving lost data. It is for this reason that the platform provides the user with an easy backup within the app for their convenience.
The platform, however, does not do the following:
- It does not complete or submits tax forms
- It does not provide historical currency prizes.
- It does not provide tax or accounting advice
The platform can be used offline but if you enable” Fetch Current Prices,” it is able to gather current cryptocurrency prizes from various exchanges online. Users can use their local currency, which Moonie will display all the values contained in it.
The platform is designed in such a way that a modern and aesthetic dashboard displays your current portfolio status.
The platform enables users to enter their transaction activities with a lot of ease. Users can now key in transactions on incoming, outgoing, trades, transfers, fees or import via CSV with ease.
Reports on all the user’s cryptocurrencies activities such as balances, transactions, fee, gains, holds can be generated on the platform.
There are no subscriptions when joining the platform. Users only need to buy it once and keep it forever. The platform is, therefore, a low-cost solution to small-scale investors and traders.