Fin-Tech Start-Up Accounting Set Up:

So you’re a highly successful executive who has worked with some of the world’s top technology and financial institutions, and you’ve started yet another company.? The company, a Fin-tech company, will use Crypto and Baas to move funds for customers.? You’ve worked out the critical technology issues and started moving funds a few months ago.? What do you do now??

Your strategic thinking is evident in your decision to engage financial accounting experts. This move not only ensures the soundness of your processes but also validates your commitment to compliance with current GAAP accounting standards such as ASC 606 Revenue Recognition. Your focus on designing processes for future financial statements after explosive growth is a testament to your confidence in the company's potential, which is indeed promising.?

I recently had the pleasure of consulting on such an engagement. We are working with a few other key professionals to ensure that hyper-scaling is not a problem.? But the bottom line is, it's crucial to take time out to prepare your financial accounting, as it will be in a position to help you later on down the road.? They highly successful do. And you should too .