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Creating Compliant Accounting Records From Complex Crypto Transactions episode artwork

Apr 14, 2023 46 min

Creating Compliant Accounting Records From Complex Crypto Transactions

from Crypto With Accountants Hosted by Patrick White & Trevor Ward

In this episode, Pat White and Rafael Casas interview Mackenzie Patel, CEO of Hash Basis, a crypto-native accounting firm based in San Francisco. Mackenzie shares her accounting background and how she got into crypto accounting. They also discuss the challenges of revenue accounting in crypto and the emerging trend of specialized crypto accounting. 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) - Preview: What does Hash Basis do? (00:35) - Introduction and welcome Mackenzie to the show (01:49) - A little bit of Mackenzie's background (04:09) - Did you instantly love accounting? (10:24) - What did you do after college? (11:32) - What does revenue accounting look like in crypto? (13:43) - Are you seeing more accountants who specialize in crypto accounting? (18:17) - How did you get into crypto specifically? (20:25) - Can you walk us through some fundamentals of crypto accounting? (28:16) - What is streaming payroll and payments? (31:38) - What resources do you do to stay up to date on crypto and crypto accounting? (34:36) - FASB guidance has come out (35:16) - What do you think about wrapped tokens now being counted as impaired? (41:53) - Tell us about your new company, Hash Basis (43:59) - Mackenzie will be speaking at EDAS (45:58) - Thanks for listening and please subscribe for new episodes Connect with our guest, Mackenzie Patel linkedin.com/in/mackenziepatel/ twitter.com/maccbasis 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 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

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Creating Compliant Accounting Records From Complex Crypto Transactions

0:00 46:58

Chapters

  1. 0:00 Preview: What does Hash Basis do?
  2. 0:35 Introduction and welcome Mackenzie to the show
  3. 1:49 A little bit of Mackenzie's background
  4. 4:09 Did you instantly love accounting?
  5. 10:24 What did you do after college?
  6. 11:32 What does revenue accounting look like in crypto?
  7. 13:43 Are you seeing more accountants who specialize in crypto accounting?
  8. 18:17 How did you get into crypto specifically?
  9. 20:25 Can you walk us through some fundamentals of crypto accounting?
  10. 28:16 What is streaming payroll and payments?
  11. 31:38 What resources do you do to stay up to date on crypto and crypto accounting?
  12. 34:36 FASB guidance has come out
  13. 35:16 What do you think about wrapped tokens now being counted as impaired?
  14. 41:53 Tell us about your new company, Hash Basis
  15. 43:59 Mackenzie will be speaking at EDAS
  16. 45:58 Thanks for listening and please subscribe for new episodes

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This episode is 46 minutes long.

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This episode was published on April 14, 2023.

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