Web3 Accounting Essentials: Systems & Best Practices
An introductory session by crypto accountant, Electra Frost, on the systems and processes that crypto-native businesses implement for efficient accounting.
See how we capture, classify and reconcile digital asset transactions from multiple sources to ensure the accuracy and completeness of the data for accounting purposes.
Learn about crypto sub-ledgers that streamline tasks like cost basis tracking, gains/losses calculations, and token classification, followed by integrating this data into general ledger accounting systems for accurate fiat-based reporting.
The emphasis here isn’t on software as a magic solution but on building reliable, scalable accounting and bookkeeping processes that reduce errors, ensure compliance with IFRS, GAAP, and tax authorities, keep you audit-ready, and impress investors as your Web3 business grows.
Presented by Electra Frost CTA FIPA, Web3 CFO, and lover of clean data and automation.
This is an introductory session for recurring accounting, bookkeeping and tax workshops.