"Must Have" Features in Crypto Accounting Software

03/17/23 • 45 min

Pat and Rafael dive into Bitwave's recent blog post about "must have" features crypto accounting software should contain in order to ensure compliance with the Financial Accounting Standards Board's (FASB) proposed new accounting rules for organizations holding crypto and digital assets.

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Launch the course on EarmarkCPE to get free CPE for listening to this episode.Checkout the Bitwave channel on Earmark to get even more CPE

Chapters

(00:00) - Crypto With Accountants Episode 03
(00:20) - Introduction and what this episode will cover
(03:16) - Implementation and customer success
(10:43) - What Multi Subsidiary can provide customers
(12:38) - Why the "Banking hours" has no correlation with Cryptocurrencies
(17:18) - Why is FP&A so important to Crypto?
(25:47) - How money is sensitive in the blockchain world?
(34:59) - Expense Reporting
(41:00) - Security in the crypto world
(44:11) - NFT Paris

Connect with Pat
linkedin.com/in/patwhite
twitter.com/patwhite

Connect with Rafael
linkedin.com/in/rafaelcasas
twitter.com/RafaelCasasBW

Follow the Crypto With Accountants Podcast on Social Media
facebook.com/CryptoAcctsPod
twitter.com/CryptoAcctsPod
linkedin.com/showcase/cryptoacctspod
Leave a review on Apple Podcasts or Podchaser

Subscribe to the Crypto With Accountants Podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE for listening to this episode.Checkout the Bitwave channel on Earmark to get even more CPE

Chapters

(00:00) - Crypto With Accountants Episode 03
(00:20) - Introduction and what this episode will cover
(03:16) - Implementation and customer success
(10:43) - What Multi Subsidiary can provide customers
(12:38) - Why the "Banking hours" has no correlation with Cryptocurrencies
(17:18) - Why is FP&A so important to Crypto?
(25:47) - How money is sensitive in the blockchain world?
(34:59) - Expense Reporting
(41:00) - Security in the crypto world
(44:11) - NFT Paris

Connect with Pat
linkedin.com/in/patwhite
twitter.com/patwhite

Connect with Rafael
linkedin.com/in/rafaelcasas
twitter.com/RafaelCasasBW

Subscribe to the Crypto With Accountants Podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

Previous Episode

Unlocking Institutional Adoption of Crypto

Nick Sanschagrin, the Head of Institutions and DeFi with Chainstack.com, joins Rafael Casas and Patrick White, to discuss unlocking the potential of crypto with custodianship, security, and segregation of duties. They also discuss how has the crypto-custodianship landscape changed over time, and the implications the FTX debacle has for institutional adoption of crypto.

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE for listening to this episode.
Checkout the Bitwave channel on Earmark to get even more CPE

Links mentioned in this episode

The Enterprise Digital Asset Summit

Chapters

Connect with Pat
linkedin.com/in/patwhite
twitter.com/patwhite

Connect with Rafael
linkedin.com/in/rafaelcasas
twitter.com/RafaelCasasBW

Follow the Crypto With Accountants Podcast on Social Media
facebook.com/CryptoAcctsPod
twitter.com/CryptoAcctsPod
linkedin.com/showcase/cryptoacctspod

Leave a review on Apple Podcasts or Podchaser

Subscribe to the Crypto With Accountants Podcast in your favorite podcast app!

This podcast is a production of the Earmark Media
Full transcript available upon request.

Next Episode

Blockchain's Potential to Disrupt Accounting

In this episode, our guest, Dr. Sean Stein Smith, CPA shares his thoughts on how blockchain technology is set to change the world of accounting, bookkeeping, and auditing. Rafael, Pat, and Dr. Sean also discuss the need for good accounting standards in the crypto space and the challenges faced by regulators while adopting them.

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE for listening to this episode.Checkout the Bitwave channel on Earmark to get even more CPE

Chapters

(00:00) - CWA E4
(00:39) - Background on Guest Dr. Sean Stein Smith
(08:00) - Where you surprised when FASB said they were rethinking their standards?
(17:16) - When does the FDICget involved?
(23:42) - Thoughts on the FTX collapse
(32:04) - What are your lessons or takeaways from FTX?
(48:06) - Things to expect in blockchain in 2023
(56:33) - How to contact Dr. Sean Stein Smith