Sunday, April 18, 2021

New top story on Hacker News: Is there an accounting platform for a crypto first company?

Is there an accounting platform for a crypto first company?
8 by arjun_s | 5 comments on Hacker News.
For people who set up a crypto first company e.g. a crypto game, or an exchange that takes fee in crypto - they probably pay salaries and other fees/expenses to defi platforms in crypto. Is there a product that does accounting like recognising sales, expenses, funding etc. in a crypto first format - and offer secondary FIAT reporting statements? Or rather the question is that is there a need for this? My thought process was - if the functional currency of an entity is primarily crypto - it would be easier to create crypto first statements and then have a second set of derived statements for reporting (if any).

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