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Then, plug the difference into these activities in your gross revenue for the year; they.
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Accounting For Cryptocurrency - The Complete GuideIf you are accepting cryptocurrency or using NFTs as part of your business, we share some guidelines and tools for accounting and taxes. Bitcoin and Ethereum present a new set of challenges for bookkeepers and accountants. Mining Bitcoin is the act of �creating� new bitcoins. This booklet is designed to give the reader an overview of general bookkeeping practices and accounting terminology in respect of the crypto-coin �Bitcoin�.