Digital assets & payment flows
Greywood CPA helps fintech companies account for the flows that make them hard to audit: money moving between processors, banks and customers, customer funds held in trust or for benefit of others, chargebacks and reserves, and digital assets.
Under ASU 2023-08, most crypto assets a company holds are measured at fair value, with changes in net income, for fiscal years beginning after December 15, 2024. Earlier, they were carried at cost less impairment. Payment flows don't have a single standard; they need clean reconciliations and clear policies.
Last reviewed: November 2026
Unreconciled clearing accounts are the most common reason fintech audits run long.
Funds held for customers, often in for-benefit-of (FBO) accounts at a partner bank, must reconcile daily or monthly to the customer ledger. Whether these balances appear on your balance sheet depends on your role and the legal arrangement, and the presentation has to match.
Payments and lending businesses need reserves for expected chargebacks, fraud and credit losses, based on actual loss history. Lending platforms holding loans or receivables apply the current expected credit loss (CECL) model.
ASU 2023-08 requires in-scope crypto assets to be measured at fair value, with gains and losses in net income and specific disclosures, for fiscal years beginning after December 15, 2024. Assets in scope are generally fungible, intangible crypto assets that don't give rights to underlying goods or services. Wrapped tokens, NFTs and stablecoins may be outside its scope and follow other guidance.
We map how money and assets move through your accounts.
Scope and one fixed fee.
Reconciliation templates, reserve methods and written policies.
Reconciled balances ready for your audit.
Under ASU 2023-08, in-scope crypto assets are measured at fair value with changes in net income, for fiscal years beginning after December 15, 2024, with early adoption allowed.
Not always. The standard covers fungible intangible crypto assets that don't give rights to underlying goods, services or assets. Many stablecoins give a right to redeem and may fall under other guidance.
It depends on your legal role and the account arrangement. Funds held in for-benefit-of accounts need careful analysis, and the presentation has to match the legal terms.
Usually because clearing and settlement accounts aren't reconciled to transaction data. Monthly reconciliations shorten the audit significantly.
We quote one fixed fee in writing before any work starts, based on transaction volume, accounts and asset types.
Tell us how money moves through your business. A senior CPA will send a fixed-fee proposal within 1–3 business days.