Written by the team behind Flash, which connects to QuickBooks. This is a founder-disclosed guide, not an independent review.
Last checked: November 2026. Flash lines below are from the live mining page, checked on 13 November 2026. QuickBooks notes are from Intuit's US job costing page, checked the same day. Plans and regions vary. Confirm anything important with your accountant.
General information only. Not tax, legal or accounting advice. How mining income, cost basis and depreciation are treated is a call for you and your accountant.
Flash is the CFO layer for compute operators: Bitcoin miners and GPU hosting businesses. This page is about mining books. For a GPU hosting business, see Flash for GPU operators. [2]
Short answer
If you run QuickBooks for a Bitcoin mining business, the choice is QuickBooks alone, or QuickBooks plus Flash. Both paths still end in QuickBooks.
This guide covers only what the pages reviewed state. Pool payouts, receipt valuation, site allocation and fleet depreciation are work you or your accountant would set up by hand in QuickBooks alone. The live mining page says: Works with your pool, wallets, exchanges and QuickBooks. Reviewed entries for QuickBooks. [1]
What a mining month involves
A mining month has to agree on six things before a journal is posted. [1]
- Payouts valued when received. Each payout is mining revenue at its value when received, with a matching Bitcoin asset entry.
- Matched to sites. Match payouts to sites, then see what each site keeps after the costs you file.
- Power and hosting costs. Power, hosting and other site costs are the costs you file.
- Book depreciation from a fleet register. Every machine depreciated on a schedule, with journal entries ready to review and post to QuickBooks.
- Cost basis on disposals. The mining page documents FIFO cost basis and realized gains on disposals. This guide does not describe any other cost-basis method for Flash.
- Lock and share. Lock a month before sharing it. Later changes are recorded as corrections. A locked month can produce a pack your lender can check. The page says: We shaped it with lender feedback.
QuickBooks alone vs QuickBooks plus Flash
The alone column is work you or your accountant do by hand, including job costing where you already use it. The Flash column uses the live mining page. Flash posts only reviewed entries. [1] [3]
| Task | QuickBooks alone | QuickBooks plus Flash |
|---|---|---|
| Value each payout when received | You record mining revenue at the value when received, with a matching Bitcoin asset entry, and you keep the price source with the month. | Flash brings in your payouts, values each receipt and builds the journal entries for you to review before posting. [1] |
| Group payouts by site | You assign each receipt to a site, or to a job-costing project you created. On the page reviewed, a project is not a way to bring pool payouts in. [3] | Flash groups each receipt by site and keeps the source behind every figure. [1] |
| Power, hosting and other costs | You enter the bills you file. Job costing on QuickBooks Online Plus or Advanced can track labor, material and vendor costs by project. [3] | QuickBooks costs mapped for review and allocation by site. Add power, hosting and depreciation to see what each site keeps. [1] |
| Book depreciation from a fleet register | You keep the fleet schedule and post the depreciation journal by hand. | Fleet register with depreciation schedules and QuickBooks journal entries. Review before posting to QuickBooks. [1] |
| Bitcoin cost basis on disposals | You compute cost basis on disposals and enter the gain or loss. | Check Bitcoin cost basis, then post the entries. [1] |
| Review, post, lock and share | You post the journals you prepared and send your accountant the file you kept. | Reviewable QuickBooks accounting exports. Review the month, then export to QuickBooks or share a lender pack. Your accountant can review for free. [1] |
How the QuickBooks handoff works with Flash
The live mining page calls this a reviewable handoff to QuickBooks. Bring mapped QuickBooks expenses into the close for review. Check site costs, depreciation and Bitcoin cost basis, then post the entries. Keep the source behind every figure. Flash posts only reviewed entries. [1]
Close the month for free. Choose a paid plan when you are ready to export to QuickBooks or share a lender pack. Exporting to QuickBooks is on a paid plan. See pricing for the plan list. This page does not quote prices. [1]
The same page names sources in these words. Braiins Pool connects directly with a read-only API token. OCEAN Pool connects read-only through your public Bitcoin mining address. NiceHash mining earnings and wallet activity, including deposits, trades and withdrawals. Direct connections to Kraken, Coinbase, Coinbase Prime and Gemini. Luxor and Foreman are CSV import only. [1]
When QuickBooks alone may be enough
Very few payouts. If a handful of receipts arrive, and someone already values each one when it is received, a manual journal can carry the month.
One site. If everything earns in one place, one set of accounts can hold mining revenue, power, hosting and the depreciation journal.
An accountant already handling crypto valuation by hand. If your accountant already picks the receipt price, posts the Bitcoin asset and the mining revenue, and keeps the cost-basis file, QuickBooks plus that working paper may be the whole close.
Job costing can sit inside that month if you already use it. On Intuit's US page, job costing is available in QuickBooks Online Plus and QuickBooks Online Advanced. Clear dashboards and reports help you see if your income exceeds your costs. Track materials, labor, and vendor costs by project. The businesses named are construction, professional services, and creative teams. Plans and regions vary. A project is a place to assign income and costs you enter. It is not a feed of payouts from a mining pool. If the manual month is already calm, stay with QuickBooks alone. [3]
Who should evaluate Flash
Evaluate QuickBooks plus Flash when you want payouts valued when received and grouped by site, profit and Bitcoin break-even by site, and journal entries ready to review and post to QuickBooks. You may also want a pack your lender can check. For break-even math on inputs you type, use the Bitcoin mining calculator. Those figures are estimates, not a close. [1]
Related guides
- Flash for miners
- NiceHash to QuickBooks
- Braiins Pool and Luxor payouts into QuickBooks
- How to depreciate ASIC miners
- FIFO cost basis for Bitcoin holdings
- Best Bitcoin mining accounting software
- Flash vs Bitwave
- Flash vs Clams
- Flash for GPU operators
FAQ
Does Flash replace QuickBooks?
No. Flash works with QuickBooks. You keep QuickBooks as the ledger. Flash builds the journal entries for you to review before posting. The live mining page calls this a reviewable handoff to QuickBooks.
How do I record bitcoin mining rewards in QuickBooks?
Each payout is recorded as mining revenue at its value when received, with a matching Bitcoin asset entry. Flash brings in your payouts, values each receipt, groups it by site and builds the journal entries for you to review before posting. How the income is treated for tax is a call for you and your accountant.
When may QuickBooks alone be enough?
When you have very few payouts, one site, and an accountant who already handles crypto valuation by hand. You record the journals yourself. Job costing, where you use it, reports income, cost and profit for a project you set up. You still bring in the payouts and the receipt values.
What does the Intuit job costing page say?
On the US page reviewed here, job costing is available in QuickBooks Online Plus and QuickBooks Online Advanced. It describes income, cost and profit reporting by project, and tracking of labor, material and vendor costs by project. Plans and regions vary. This guide covers only what that page and the Flash mining page state.
Does Flash post entries to QuickBooks on its own?
No. Flash posts only reviewed entries. Review before posting to QuickBooks. Bring mapped QuickBooks expenses into the close for review. Check site costs, depreciation and Bitcoin cost basis, then post the entries.
Is the QuickBooks export included when the close is free?
Close the month for free. Choose a paid plan when you are ready to export to QuickBooks or share a lender pack. Exporting to QuickBooks is on a paid plan. This page does not quote prices.
Is this tax, legal or accounting advice?
No. This is general information only, not tax, legal or accounting advice. Confirm classifications with a qualified accountant in your jurisdiction.
Get started
Bring a month of payouts and costs into a close you can review.
Sources
Checked 13 November 2026. Each URL below returned HTTP 200 that day.