Welcome to the ElectraFi Insider blog!
Blockchain and crypto industry updates filtered by accountants for accountants.
Hi, I’m Electra Frost
I’m 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 I’m always looking for the really empowering technology that can make us all more profitable and resilient in the long-term. I’ve 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 “Accountants On-Chain” 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 we’re 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 shouldn’t have to move to a “crypto specialist”. Together, and with the help of my blog and services, we will become more competent to handle their affairs.
3. “What is Electrafi and what am I subscribing to?”
Electrafi is my accounting practice but instead of growing my own base of crypto clients, now I look after accountants’ 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. It’s a co-opetition model.
The purpose of this blog is to share what’s on my radar in the crypto business world so it’s 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 you’ll read it by the end of the week. I’ll introduce a paid subscription at some point, after I’ve learned more from my audience about what they’d value.
Let’s make accounting make sense of crypto now!
