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In reply to @elynch
2/9/2023
Jonah Baer@jonahbaer
Good question! In web3 finance teams specifically, biggest issues we see with customers at Gilded is being able to track the flow of funds with accuracy and confidence. Esp when you might have many wallets and complex transactions. That’s why it’s important to have accountants who use and understand crypto.
In reply to @jonahbaer
2/9/2023
Ed Lynch@elynch
Could not agree more, good wallet hygiene from an early stage goes a long way as firms seek clean audit opinions. It boils down to: 1. Regularly reconciling wallet balances to on-chain data 2. Tagging & tracking transactions appropriately (buy, sell, earned rewards, etc.), and 3. Accurately tracking cost basis