Welcome to the ElectraFi Insider blog!
Blockchain and crypto industry updates filtered by accountants for accountants.
Hi, Iâm Electra Frost
Iâm a professional accountant mapping the latest maze of Bitcoin, crypto, De-Fi, Web3 and blockchain rabbit holes for accountants to confidently navigate!!
1. Why this, why now
I care strongly about future-proofing my profession and the small businesses that we advocate for, so Iâm always looking for the really empowering technology that can make us all more profitable and resilient in the long-term. Iâve owned an accounting practice for more than 15 years and was an early adopter of digital business technologies. We first put Bitcoin on the balance sheet in 2014 and things have been getting stranger and more exciting ever since!
In 2022, I led the âAccountants On-Chainâ knowledge-sharing project with Digital Playhouse Foundation, the charity I co-founded. My revamped accounting practice, Electrafi (www.electrafi.finance), is now continuing that project as a social enterprise and offering helpful services to accountants with crypto business clients.
2. We are building a community here
Accountants On-Chain was a regular gathering of crypto-curious accountants learning from blockchain business accounting and solutions start-ups. Now weâre all getting a bit more serious about skilling up since Australia is leading the world in crypto adoption. Many of our clients are getting more sophisticated and looking to use various crypto & web3 technologies in their businesses.
Crypto-native businesses need accountants with specific experience for their compliance, processes and systems, reporting and advice. But these business owners know and trust their accountants and shouldnât have to move to a âcrypto specialistâ. Together, and with the help of my blog and services, we will become more competent to handle their affairs.
3. âWhat is Electrafi and what am I subscribing to?â
Electrafi is my accounting practice but instead of growing my own base of crypto clients, now I look after accountantsâ clients when they adopt crypto in their businesses. I send them back to their accountants when their crypto accounting systems, processes and tax plans are easier to deal with. Itâs a co-opetition model.
The purpose of this blog is to share whatâs on my radar in the crypto business world so itâs on yours too. There will be polls and useful guides. I hope you will share my blog widely and even contribute!
By subscribing, you will get a newsletter every Monday morning and hopefully youâll read it by the end of the week. Iâll introduce a paid subscription at some point, after Iâve learned more from my audience about what theyâd value.
Letâs make accounting make sense of crypto now!
