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Bitwise Bitcoin ETF (BITB)

blockpath - /pages/Exchanges -

Bitwise (BITB) has published their ETF's holding address, showing proof of reserves to the world. This marks a huge step in financial transparency, where we can verify an organization's finances without relying on a 3rd party or government regulator.

Proof of Address from X

With the ETF race being so competitive, differentiating themselves by being more transparent with their holdings will likely swing additional market share [...]

Ethereum integration request by NetVortex in QuickBooks

[–]blockpath 0 points1 point ·  (0 children)

Hey, I appreciate the request. I've been considering adding Ethereum support for a few years, but so far have not because of the difficulties of incorporating their chain into our system.

A large reason that makes it difficult are the ERC-20 transactions, that can greatly complicate any accounting that we would have to do. We could start with simple ETH transfers, but eventually the accounting logic would have to expand to support USDT and the thousands of other coins, and trying to fit that into QuickBooks' very rigid structure would be very difficult. We already had to make several awkward compromises when getting Bitcoin's transactions to fit into QuickBooks' system...

Every time I start to work on ETH, it looks like at least 6 months of work, and so far I don't believe there is enough of a user demand to make it worthwhile.

Finally, I believe in the long run only one chain will be dominantly used, and at the moment I'm betting it will be Bitcoin. If that changes I will get to work on an ETH sync.

If any other users want to voice their opinion in favor of an Ethereum sync, please let me know.

-Matt

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QuickBooks Guide: How to Audit to Check for Errors

blockpath - /pages/QuickBooks

The audit feature is an additional scan that can be used after a reconciliation scan to further check for errors in your QuickBooks account data. An audit is not usually necessary if your account's balance and transactions were all correct in the reconcile, but if you had an incorrect balance it can be extremely useful to find the source of errors.

The Difference between Reconcile and Audit:

A reconcile gathers all transactions from the Bitcoin blockchain, and then checks that those [...]

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