For accountants and bookkeepers
Your client wants to accept stablecoins. Here is exactly what you get.
Written for the person who has to sign the return, not the one who read about it online. No pitch, no jargon, and an honest account of where the edges are.
What Ceodore actually is
Bookkeeping and payments software. Your client takes payment in stablecoins, and Ceodore records each transaction with a sterling value captured at the time of supply, categorised against a nominal code, and synced to Xero.
It is non-custodial. Ceodore never holds client funds or private keys and is never in the payment flow, so there is no third-party balance sheet between your client and their money.
What you get as their accountant
A free seat with read access across every company they run, on most plans. Not a shared login, a proper account with its own passkey.
From it you can pull the VAT return, the disposals report, the transaction ledger, the P&L and the balance sheet, at any point in the year rather than in a scramble at the deadline.
What you would be signing off
A VAT invoice, and the books behind it.
Both parties' addresses and VAT registration numbers, the rate shown per line so mixed zero-rated and standard-rated supplies are visible at a glance, and net, VAT and gross totalled separately.
The same document the customer receives as a PDF and sees on the payment link, generated from the invoice rather than typed out again.
How the bookkeeping worksTreatment
How each thing is handled.
VAT
Output tax is calculated on the sterling value of the supply at the time it was made, captured at the moment of the transaction rather than derived later from a period-average rate. The return is prepared from those recorded values and exports in a form you can file.
Chargeable gains
Assets are pooled under the Section 104 rules, with the same-day rule and the thirty-day rule applied in priority order before the pool. Every disposal produces a dated calculation showing the matching applied and the basis used, so you can check the working rather than take it on trust.
Income recognition
A payment received is trading income at its sterling value on receipt, which then becomes the base cost of the asset held. Transfers between the client's own wallets are identified as transfers and never recognised twice.
Deferred income
Gift cards and earned customer credit are carried as liabilities and released on redemption, with VAT falling at the point of spend. Unredeemed balances release to revenue on expiry.
Payroll
Ceodore does not pay UK employees in stablecoins and does not suggest your client should. PAYE and National Insurance are due to HMRC in sterling and National Minimum Wage must be paid in money. Ceodore calculates and records; the client's existing payroll pays. Overseas contractors are a different matter and can be paid directly.
Where the edges are
There is no regulated sterling stablecoin yet. The Bank of England published its regime in June 2026; issuers will follow. Until then this works with dollar-denominated stablecoins, which means an exchange-rate movement between receipt and disposal, which is exactly why the gains calculation matters.
Ceodore produces records and reports. It does not file on your client's behalf, and it does not replace your judgement on treatment. If you disagree with how something has been categorised, you can change it, and the change is logged.
Data and access
Servers, database and backups are in London. Client identity and contact details are encrypted at rest. There is an audit log of every change, exportable.
Your client can export everything at any time without asking anyone, so there is no lock-in to worry about when you are advising them.
More detail on securityQuestions we have not answered here?
We would rather have the awkward conversation now than have you find something at the year end. Ask us anything, including the things we have got wrong.
If your IT person asks
There is a technical page, written for them.
What runs where, how a payment is recorded end to end, how the tax and cost-basis engines are structured, and why the architecture itself is the compliance position.
Read the architecture