XBOOKS develops tax reporting software that enables small and medium-sized enterprises (SMEs) and professionals to accurately account for and report their financial and digital assets in compliance with current regulations. The platform integrates third-party market data for asset valuation, streamlining the reporting process and ensuring adherence to international accounting standards.
Funding
$2.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
PCFounders
Product
Problem
Small and medium-sized enterprises (SMEs) and professionals face challenges in accurately accounting for and reporting their financial and digital assets due to evolving tax regulations. The complexities of asset valuation and compliance with international accounting standards can be particularly burdensome.
Solution
XBOOKS provides software solutions designed to streamline tax reporting for SMEs and professionals, ensuring compliance with current fiscal regulations. The platform focuses on facilitating the accurate accounting of both financial and digital assets through specialized services and in-depth transaction analysis. By integrating third-party market data, XBOOKS enables precise asset valuation, aligning accounting practices with international standards. The software adapts to specific use cases, applying accounting methods typically used by larger enterprises to the unique needs of smaller businesses and individual professionals.
Target Audience
The primary target audience includes small and medium-sized enterprises (SMEs) and individual professionals who require assistance in managing and reporting their financial and digital assets in accordance with tax regulations.
Features
- Software tailored for SMEs and professionals, adapting enterprise-level accounting methods to their specific needs.
- Accounting tools designed for a variety of asset types, including virtual assets.
- Integration of third-party market data for accurate asset valuation.
- Compliance with international accounting standards.