Preparing business accounting for the crypto era with advanced tools
Updated: Feb 2
As featured in Cointelegraph
Cryptocurrencies are becoming increasingly relevant for businesses, but managing and accounting for these digital assets can be challenging.
Traditional businesses are hesitant to adopt cryptocurrencies due to the complexities of managing and integrating cryptocurrency transactions into existing accounting systems.
The integration of digital assets into financial reporting and tax calculations poses significant challenges. Businesses that actively engage in cryptocurrency transactions, such as crypto payments and payouts, face the arduous task of meticulously tracking and accounting for all their cryptocurrency activities.