Crypto With Accountants

Patrick White & Trevor Ward

Crypto with Accountants is a podcast dedicated to helping accountants learn more about the world of digital assets, cryptocurrencies, NFTs, DeFi, and other blockchain-based technologies. In each episode, our hosts and their guests dive deep into the debits and credits of crypto accounting. If you are an accountant, bookkeeper, controller, CFO, CPA, or tax preparer, this podcast is for you.

Episodes

  1. 08/17/2023

    From Corporate Accounting to Crypto

    Finance leader Mary Kauffman shares her journey through traditional accounting at Deloitte to companies like Facebook, OpenSea, and crypto startup Lightspark. She discusses the intricacies of crypto accounting, how enterprises should approach crypto, and her career advice for accountants interested in working on crypto projects. Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE for listening to this episode.Checkout the Bitwave channel on Earmark to get even more CPE Connect with Marylinkedin.com/in/mary-kauffman-b650807a/lightspark.com Connect with Patlinkedin.com/in/patwhitetwitter.com/patwhitebitwave.io/ Connect with Trevorlinkedin.com/in/trevorwardcpa/bitwave.io/ Follow the Crypto With Accountants Podcastfacebook.com/CryptoAcctsPodtwitter.com/CryptoAcctsPodlinkedin.com/showcase/cryptoacctspod Leave a review on Apple Podcasts or Podchaser Subscribe to the Crypto With Accountants Podcast in your favorite podcast app! (00:34) - Welcome Mary to the show (02:02) - Background of Mary Kauffman (10:45) - What hard technical accounting problems have you encountered? (12:18) - Did you have any issues or questions that came up when looking at deferred revenue? (13:40) - What challenges from an audit perspective were occurring when accounting with digital assets? (17:07) - What is interesting in NFTs right now and what's it going to take to get us there? (22:24) - What is wrong with today's payment infrastructure in crypto? (30:15) - What is the Lightning Network and what does Light Spark do? (41:10) - Let's talk streaming payments (50:46) - If you could share one message with enterprises that are exploring the use of blockchain and digital assets. What would it be? (52:35) - What advice do you have for accountants interested in crypto accounting (54:18) - Where can you find Mary?

    56 min
  2. 08/10/2023

    Enterprise Blockchain's True Potential - Niamh O'Connell

    Blockchain is far more than crypto! We interviewed Niamh O'Connell of Casper Labs about how enterprises can take advantage of blockchain for data integrity, automation, transparency and more. We discussed supply chain, healthcare, financial services use cases and why combining blockchain and AI makes sense. Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE for listening to this episode.Checkout the Bitwave channel on Earmark to get even more CPE Connect with Niamhlinkedin.com/in/niamhoconnell1http://casperlabs.ioConnect with Patlinkedin.com/in/patwhitetwitter.com/patwhitebitwave.io/ Connect with Trevorlinkedin.com/in/trevorwardcpa/bitwave.io/ Follow the Crypto With Accountants Podcastfacebook.com/CryptoAcctsPodtwitter.com/CryptoAcctsPodlinkedin.com/showcase/cryptoacctspod Leave a review on Apple Podcasts or Podchaser Subscribe to the Crypto With Accountants Podcast in your favorite podcast app! (00:33) - Welcome Niamh to the show (01:53) - Can you tell us a little about Casper Labs (03:44) - What specific problems is Casper solving? (06:12) - Can you explain a little more of the mechanics of being both public and private? (07:12) - What are some examples of the use cases for this? (08:08) - Quick 101 on smart contracts (12:17) - Can you tell us about some customers and what they've built on Casper? (15:30) - Why would someone want to tokenize a lease agreement? (17:08) - How should businesses think about network types? (21:20) - How do the economics work with these hybrid blockchains? (24:26) - Does Casper focus more on one side than the other? Permissioned vs permissionless (26:12) - How does Casper approach the common blockchain trilemma (33:38) - How are you seeing businesses use NFT's? (37:00) - What are you thoughts on the broader crypto market? (38:46) - Are you seeing anything interesting in the AI and blockchain space? (45:18) - Final thoughts and where to reach Niamh and Casper Labs

    47 min
  3. 08/03/2023

    The Past, Present and Future of Digital Assets - Libby Schultz

    Pat White and Trevor Ward chat with crypto expert Libby Schultz about the evolution of digital assets from gaming microtransactions to NFTs, the regulatory challenges facing the crypto industry, and Libby's upcoming sci-fi book exploring the future of crypto and blockchain technology. They discuss the SEC lawsuits against Coinbase and Binance, tips for accountants entering the web3 space, and the launch of Bitwave University. Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE for listening to this episode.Checkout the Bitwave channel on Earmark to get even more CPE Connect with Libbylinkedin.com/in/ekschultzhttps://linktr.ee/fintechfairy Connect with Patlinkedin.com/in/patwhitetwitter.com/patwhitebitwave.io/ Connect with Trevorlinkedin.com/in/trevorwardcpa/bitwave.io/ Follow the Crypto With Accountants Podcastfacebook.com/CryptoAcctsPodtwitter.com/CryptoAcctsPodlinkedin.com/showcase/cryptoacctspod Leave a review on Apple Podcasts or Podchaser Subscribe to the Crypto With Accountants Podcast in your favorite podcast app! (00:00) - Welcome Libby to the show and some of her background (01:51) - What got you into crypto? (06:49) - Is there a future with micro-transactions in crypto? (11:42) - How does accounting work for micro-transactions in the gaming industry? (18:30) - What has changed with micro-transactions over the years? (34:11) - What is an NFT? (35:47) - Wha other projects have you worked on? (42:02) - What are your thoughts on the SEC lawsuits towards Binance and Coinbase? (50:41) - What are some practical tips for accountants looking to get into Web3? (53:59) - What prompted to Libby create courses for Bitwave University? (56:04) - What is Libby's new book about and where to reach her?

    1 hr
  4. 06/12/2023

    The Challenges and Potential of Crypto AR & AP

    Pat and Rafael chat with Eleni Steinman, CEO of Loop Crypto, about the challenges and potential of Crypto AR & AP (Accounts Receivable and Accounts Payable) in the evolving world of cryptocurrency. Get NASBA Approved CPE or IRS Approved CELaunch 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 (01:42) - Background on Eleni Steinman (06:04) - What got you excited to go off on your own and start your own company? (09:52) - What crypto coin are you most focused on? (11:44) - Who do you typically partner with to off-ramp? (13:29) - Tell us a little more about Loop (18:15) - Did your job working for the Export–Import Bank influence how you think about crypto? (19:50) - Is Loop US based or global? And what type of issues do you face globally? (23:04) - What are your thoughts on streaming payments? (26:47) - Can you tell us the challenges you see with AP and AR (30:49) - How do you think about public vs obfuscated blockchains? (34:08) - What else is getting you excited about crypto right now? (36:32) - What do you see as some of the challenges with crypto? (38:04) - How should accounting firms be talking to clients about crypto payments (42:39) - Does Loop work with any nonprofits? (44:30) - How does Loop factor in other pieces related to payments? Buy now pay later models? (46:00) - Thanks Eleni and where to reach her and learn more about Loop Connect with our guest, Eleni Steinmanlinkedin.com/in/elenisteinman/twitter.com/EleniThinkswww.loopcrypto.xyz/Connect with Pat linkedin.com/in/patwhitetwitter.com/patwhiteConnect with Rafaellinkedin.com/in/rafaelcasastwitter.com/RafaelCasasBW Follow the Crypto With Accountants Podcastfacebook.com/CryptoAcctsPodtwitter.com/CryptoAcctsPodlinkedin.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

    47 min
  5. 05/18/2023

    What it Means to be a Crypto CFO or Controller

    Patrick, Rafael, and Emily Cheshire of Aprio discuss the audit readiness of cryptocurrency companies, treasury management, forecasting and controller practices. Get NASBA Approved CPE or IRS Approved CELaunch 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) - What it Means to be a Crypto CFO or Controller (01:44) - What got you interested in Crypto? (04:51) - What is Aprio? (09:54) - What is the best advice for someone embarking on their controller journey? (15:07) - What does it mean to be a Crypto CFO? (20:21) - Is there any advice you can give on what banks will actually work with crypto companies? (26:22) - How have you been thinking about TAM in the market? (30:09) - What potential have you seen in the digital assets regarding CAS practices? (31:01) - What is the bootcamp like for new accountants? (36:15) - What do you think about your roles and responsibilities as a controller? (41:25) - Do you use GAAP Lite for all your clients to document everything? (42:51) - How to contact Emily Connect with our guest, Emily Cheshirelinkedin.com/in/emilycheshireacaConnect with Patlinkedin.com/in/patwhitetwitter.com/patwhiteConnect with Rafaellinkedin.com/in/rafaelcasastwitter.com/RafaelCasasBW Follow the Crypto With Accountants Podcastfacebook.com/CryptoAcctsPodtwitter.com/CryptoAcctsPodlinkedin.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

    44 min
  6. Using Web3 to Revolutionize Accounting Processes

    05/01/2023

    Using Web3 to Revolutionize Accounting Processes

    Pat and Rafael dive into the world of Web3 with Jared Klee, Director of Web3 at Vouch. From on-chain verifiable credentials to tax returns, we uncover the potential impact of Web3 on accounting workflows and discuss how companies can leverage these advancements to streamline their accounting processes. Get NASBA Approved CPE or IRS Approved CELaunch 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) - CWA E6 (00:34) - Introducing our Guest Jared Klee (01:29) - How did you get into Web3 and start your career? (09:51) - How do you think Private vs. Public Blockchains have changed? (15:54) - What is it going to take for the supply chain to get distributed by crypto? (26:48) - What is the hardest part of ensuring Web Three Companies? (38:01) - What is some advice you would give accountants on how to advise their clients? (46:59) - What gets you excited about Web3 recently? Connect with our guest, Jared Kleelinkedin.com/in/jared-klee/twitter.com/KleeBeardConnect with Pat linkedin.com/in/patwhitetwitter.com/patwhiteConnect with Rafaellinkedin.com/in/rafaelcasastwitter.com/RafaelCasasBW Follow the Crypto With Accountants Podcastfacebook.com/CryptoAcctsPodtwitter.com/CryptoAcctsPodlinkedin.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

    53 min
  7. 04/14/2023

    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. Get NASBA Approved CPE or IRS Approved CELaunch 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 Patellinkedin.com/in/mackenziepatel/twitter.com/maccbasisConnect with Pat linkedin.com/in/patwhitetwitter.com/patwhiteConnect with Rafaellinkedin.com/in/rafaelcasastwitter.com/RafaelCasasBW Follow the Crypto With Accountants Podcastfacebook.com/CryptoAcctsPodtwitter.com/CryptoAcctsPodlinkedin.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

    47 min
  8. 03/31/2023

    Blockchain's Potential to Disrupt Accounting

    In this episode, our guest, Dr. Sean Stein Smith, CPA shares his thoughts on how blockchain technology is set to change the world of accounting, bookkeeping, and auditing. Rafael, Pat, and Dr. Sean also discuss the need for good accounting standards in the crypto space and the challenges faced by regulators while adopting them. Get NASBA Approved CPE or IRS Approved CELaunch 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) - CWA E4 (00:39) - Background on Guest Dr. Sean Stein Smith (08:00) - Where you surprised when FASB said they were rethinking their standards? (17:16) - When does the FDICget involved? (23:42) - Thoughts on the FTX collapse (32:04) - What are your lessons or takeaways from FTX? (48:06) - Things to expect in blockchain in 2023 (56:33) - How to contact Dr. Sean Stein Smith Connect with our guest, Dr. Sean Stein Smithlinkedin.com/in/dr-sean-stein-smith-dba-cpa-63307444/twitter.com/SeanSteinSmithConnect with Pat linkedin.com/in/patwhitetwitter.com/patwhiteConnect with Rafaellinkedin.com/in/rafaelcasastwitter.com/RafaelCasasBW Follow the Crypto With Accountants Podcastfacebook.com/CryptoAcctsPodtwitter.com/CryptoAcctsPodlinkedin.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

    58 min
  9. 02/03/2023

    I'm an Engineer and I Really Like Accountants

    Special guest Ron Quaranta joins Rafael Casas and Patrick White to kick off the first episode of the Crypto With Accountants podcast. They cover the early history of fintech, emergence or crypto, and the creation of a trade association - Wall Street Blockchain Alliance. Pat also predicts what he thinks will be the hot crypto trend in summer 2023... Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE for listening to this episodeCheckout the Bitwave channel on Earmark to get even more CPELinks mentioned in this episodeWall Street Blockchain Alliance The Enterprise Digital Asset Summit Chapters (00:00) - Introduction and some background on Pat and Ron (04:21) - Accountants today are very innovative (07:42) - Bitwave's first major partners were small sole proprietors (09:32) - Ron, how did you get into the crypto space? (16:51) - What is the WSBA Digital Asset Industry Principles Initiative (20:35) - Old phrases and bridging the current world with the wolrd we're trying to get to (29:15) - How martial arts lessons translate to business and life (35:03) - What's going to happen with with the regulatory enviornment with crypto? (46:10) - Transparency in crypto will transfer to banks as well (49:48) - What is currently inspiring you in this space? (54:31) - FTX had nothing to do with crypto? (56:10) - Wrap up and where to reach Ron & find out more about Bitwave Connect with Pat linkedin.com/in/patwhitetwitter.com/patwhiteConnect with Rafaellinkedin.com/in/rafaelcasastwitter.com/RafaelCasasBWLeave a review on Apple Podcasts or Podchaser Follow the Crypto With Accountants Podcast on Social Mediafacebook.com/CryptoAcctsPodtwitter.com/CryptoAcctsPodlinkedin.com/showcase/cryptoacctspod Subscribe to the Crypto With Accountants Podcast in your favorite podcast app! This podcast is a production of the Earmark MediaFull transcript available upon request.

    59 min

Ratings & Reviews

5
out of 5
2 Ratings

About

Crypto with Accountants is a podcast dedicated to helping accountants learn more about the world of digital assets, cryptocurrencies, NFTs, DeFi, and other blockchain-based technologies. In each episode, our hosts and their guests dive deep into the debits and credits of crypto accounting. If you are an accountant, bookkeeper, controller, CFO, CPA, or tax preparer, this podcast is for you.