Ed Lynch pfp
Ed Lynch
@elynch.eth
Few things are more satisfying than building out a robust and balanced financial model A solid model more often than not prompts obvious questions about expenses and cash flow, but addressing those questions sooner than later pays dividends What are some challenges or wins you’ve seen in scaling your finance org?
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Jonah Baer pfp
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.
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Ed Lynch pfp
Ed Lynch
@elynch.eth
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
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