Hello,
How are you handling GAAP accounting requirements in business settings if you are running bitcoind or lnd on the main network?
I am mostly thinking about the technical side of accounting bitcoin transactions not so much about the laws because those vary from jurisdiction to jurisdiction.
Any business should do accounting already with some accounting software for all the fiat transactions. How are you integrating accounting bitcoin transactions with this software?
It all depends on your GAAP.
or example, in Russia, citizens pay taxes only when they change cryptocurrency to fiat,
while in other countries you must take into account the cost of the cryptocurrency at the time of receipt to calculate taxes.
I see no problem adding the bitcoin price to your software and making the necessary calculations.
But usually, stores use partner operators in order not to accept payments in cryptocurrency.