Double-entry vs triple-entry accounting
The term triple-entry accounting adds a third component known as the Bitcoin network with underlying blockchain technology to the double entry accounting in order to link every aspect of a transaction.
author
Eric Glinsky, CPA, MST is a partner at AbitOs. Founded in South Florida over 30 years ago, AbitOs is a specialized international tax consulting and forensic firm, servicing international and domestic private clients.
The term triple-entry accounting adds a third component known as the Bitcoin network with underlying blockchain technology to the double entry accounting in order to link every aspect of a transaction.