27 Jul '14, 12am

The Five: Should your business accept Bitcoin? Factors to weigh - Dallas Morning News

The Five: Should your business accept Bitcoin? Factors to weigh - Dallas Morning News

Thinking about accepting digital currency Bitcoin from your customers? This week, technology payment executive Syril Mathai talked to staff writer Hanah Cho about five things to consider when accepting Bitcoin as payment. Mathai is vice president of global services and partner enablement at Trintech, an Addison-based provider of financial transaction software solutions. Focus on paper trail Figure out how to integrate Bitcoin into the company’s financial processes first. What statement will the company receive? Who within the finance and accounting teams will oversee the transactions? Consult your auditors While the digital currency is not a mainstream form of payment, other companies are grappling with the same questions. Talk with your auditor about what they are hearing from other customers and if the firm itself recommends a specific approach. Consider starting a worki...

Full article: http://www.dallasnews.com/business/small-business/2014072...

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