The best ways to deal with late payments in your small business

I read a report recently from Simply Business that headlined “SME Insights Report: UK small businesses owed £32bn in late payments”. Even at a fraction of this; the amount is staggering. But working with small businesses across the globe, this is such a massive problem and compounded by other cash flow mistakes. Often this is […]

How to account for a tokenized asset?

Tokenization isn’t a novel technology; but it certainly has newfound appreciation in recent times. Similar to how early enthusiasts experimented with NFTs tokenization has been part of the landscape for sometime now. But with evolving tech within this space, institutions are increasingly showing interest in tokens, and unexpected economic dynamics have encouraged their adoption.   […]

The best banks for crypto companies – Updated edition 2023

Since we initially published this article in 2021, numerous changes have occurred within the DeFi space, as well as in the realm of traditional banking. Some of the banks we previously identified as crypto-friendly in 2021 no longer exist. Therefore, we present here an updated list of the best banks for crypto companies that we […]

5 strategies from a Crypto accountant to protect your crypto currency assets

Safety, both for individuals and assets, holds paramount importance within companies. With a growing number of businesses expanding their portfolios to encompass intangibles like cryptocurrencies, it becomes imperative to devise comprehensive strategies for their protection. The intrinsic digital and intangible attributes of cryptocurrencies render them susceptible to fraud and theft. Moreover, the absence of a […]

Designing an effective outsourced finance function – beyond hiring a Bookkeeper

In the realm of financial management, our approach has always been centered around constructing a robust finance function, as opposed to merely offering bookkeeping services. While managing day-to-day transactions is an integral aspect of establishing a solid finance function, it encapsulates a broader range of intricacies.   At its core, every business function revolves around […]

How do I use Fathomhq for month end reporting for my crypto company?

At the outset. we’d like to clarify that this article is about Fathomhq, the reporting software and not Fathom.fi (XDC).   Fathomq is a financial reporting and analysis tool that can be valuable for crypto companies looking to streamline their monthly reporting processes and gain deeper insights into their financial performance.     How Fathomhq […]