Bitwave has significantly upgraded its Solana support to offer automated reward tracking, institutional-grade analytics/reporting, and seamless compliance with modern accounting rules—all accessible via a single unified interface. It’s a robust solution for any enterprise running Solana validators.
1. Epoch Reward Tracking
Bitwave now natively captures Solana epoch rewards—similar to their existing support for Ethereum staking rewards Once you connect your Solana wallet, Bitwave automatically logs your rewards in real time.
2. Enterprise-Grade Reporting
The platform includes detailed, audit-ready reporting tailored for enterprise needs with:
- Asset-by-Asset Revaluation allows separate accounting and tax treatments per token (useful for distinguishing NFTs, governance tokens, wrapped assets).
- Robust Roll-Forward Data provides period-over-period views of active validator holdings.
- Accurate Cost-Basis Tracking, ensuring each validator position is logged lot-by-lot.
- Smooth FASB Transition, enabling firms to switch to new accounting rules (e.g., FASB ASU 2024-XX) with just one click.
3. Streamlined Audit & Tax Compliance Workflow
Bitwave’s tools align with modern audit frameworks and FASB requirements, making validation revenue transparent and compliant. This simplifies tax prep and corporate reporting for organizations operating Solana validators.
Why It Matters
- Efficiency: Eliminates manual tracking and reconciliation of staking rewards across validators.
- Scalability: Ideal for enterprises managing multiple wallets or validator fleets.
- Compliance & Transparency: Delivers the data structure needed for internal controls and external audits.
- Future-Ready: Preps finance teams for upcoming accounting standards with minimal headache.
Here are ten compelling reasons why Bitwave stands out as the best enterprise-grade crypto and DeFi accounting platform, drawing from both the Solana blog and broader site sources:
- Automated Staking and Validator Reward Tracking
Bitwave now offers real-time capture and reporting of Solana validator epoch rewards—streamlining staking operations and eliminating manual reconciliation - Enterprise-Grade, Audit‑Ready Reporting
The platform delivers detailed, audit-friendly financial reports, including roll-forward data, asset-by-asset revaluation, and journal entries compatible with GAAP, IFRS, and FASB - Flexible Accounting Treatments
Users can choose FIFO, LIFO, specific identification, and mark-to-market, plus configure multiple accounting treatments or “books” with one click—essential for compliance and tax strategies - DeFi-Aware and Multi-Protocol Support
With native integrations for over 25 DeFi protocols (Curve, Compound, Aave, Uniswap, etc.) across all major chains, Bitwave is uniquely equipped to handle complex on-chain interactions - Full Wallet & Exchange Integration
Automatically syncs with major custodians, exchanges (Coinbase, Kraken, Binance), and connects wallets directly—ensuring comprehensive transaction tracking, even across internal transfers - Seamless ERP & Accounting System Sync
Two-way sync with QuickBooks, NetSuite, Sage, and Xero lets finance teams import chart-of-accounts and push fully journaled entries effortlessly - Advanced Tax & Cost‑Basis Tracking
Tracks crypto-to-crypto trades, internal transfers, staking rewards, liquidity pool activity, and maintains lot-level cost basis—automatically handling taxable events - Sophisticated DeFi Reporting & ROI Analysis
Provides protocols-based reports on staking, yield farming, lending, liquidity, plus ROI dashboards geared toward financial management and compliance - Built for Enterprise — Secure & Scalable
Offers SOC 1 & SOC 2 security, role-based access controls, multi‑sig wallet support, and subledger capabilities—designed to support large-scale treasury operations and on-chain validation - Future‑Ready with Accounting Standards Support
Bitwave supports the latest FASB fair-value accounting for crypto assets ( and lets you easily switch accounting methods with pre-built workflows
Bitwave combines sophisticated automation, robust DeFi and staking support, enterprise-grade security, and compliance-ready reporting—all seamlessly integrated with traditional finance systems. That makes it the top choice for organizations managing large or complex crypto operations.
Disclaimer: The information provided in this blog post is for general informational purposes only and should not be construed as tax, accounting, or financial advice. The content is not intended to address the specific needs of any individual or organization, and readers are encouraged to consult with a qualified tax, accounting, or financial professional before making any decisions based on the information provided. The author and the publisher of this blog post disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use or application of any of the contents herein.
