Accounting for Bitcoin

Charles Stack on November 12, 2020

The American Institute of CPAs (AICPA) has issued a 47 page practice aid for handling digital assets.

https://www.aicpa.org/content/dam/aicpa/interestareas/informationtechnology/downloadabledocuments/accounting-for-and-auditing-of-digital-assets.pdf

Highly recommended for businesses that are starting down the Bitcoin path.