[GNC] Bitcoin Lightning payments
Michael or Penny Novack
stepbystepfarm at comcast.net
Fri Jun 17 22:45:25 EDT 2022
On 6/17/2022 9:21 PM, HSC wrote:
> Hello Everyone,
>
> Haven’t used GC a couple years, and trying to recollect how it all works.
>
> Current challenge is starting to work with payments and expenses that are exclusively in Bitcoin.
>
> Has anyone experience with some commercial accounting software that handles Bitcoin in an easier way as a currency that it is?
IF what you mean by "exclusively in bitcoin" is accounting JUST in
bitcoin, you would not have to treat it as stock/commodity evaluated in
some other currency. You could keep a set of books denominated in
bitcoin. The lack of a currency symbol is an illusion, as they are just
conventional symbols. Understand? In YOUR books "$" doesn't have to
stand for dollars, it could stand for "bitcoin".
Michael D Novack
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