Creating Compliant Accounting Records From Complex Crypto Transactions
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.
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Chapters
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
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?
- (00:50) - Introduction and welcome Mackenzie to the show
- (02:04) - A little bit of Mackenzie's background
- (04:24) - Did you instantly love accounting?
- (10:39) - What did you do after college?
- (11:47) - What does revenue accounting look like in crypto?
- (13:58) - Are you seeing more accountants who specialize in crypto accounting?
- (18:32) - How did you get into crypto specifically?
- (20:40) - Can you walk us through some fundamentals of crypto accounting?
- (28:31) - What is streaming payroll and payments?
- (31:53) - What resources do you do to stay up to date on crypto and crypto accounting?
- (34:51) - FASB guidance has come out
- (35:31) - What do you think about wrapped tokens now being counted as impaired?
- (42:08) - Tell us about your new company, Hash Basis
- (44:14) - Mackenzie will be speaking at EDAS
- (46:13) - 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
Creators and Guests
Host
Patrick White
SF Software Entrepreneur, CEO of Bitwave (Crypto Accounting) Angel investor, bitcoin fan. Former Synata, Cisco, & Microsoft
Guest
Mackenzie Patel, CPA
Hi! I'm the CEO and co-founder of Hash Basis LLP, a crypto native accounting firm. My business partner, Courtney, and I help individuals and businesses get their books in order. Prior to starting Hash Basis, I led crypto and revenue accounting at Figment, a validator on several Proof-of-Stake blockchains. I also do part-time accounting for dOrg, a DAO that offers web3 development services! When I'm not thinking about the FASB or DeFi, I'm chilling at The Center SF or hiking around Angel Island.
