Taxbit Accounting Suite Supports IFRS and Multi-Functional Currencies

April 03, 2024

TaxBit’s Accounting Suite now supports IFRS and FASB guidance, expanding its serviceable market. TaxBit, the leading provider of compliance solutions for digital assets, announced that the TaxBit Accounting Suite now supports International Financial Reporting Standards (IFRS) and multi-functional currencies, bringing the solution to a globally recognized standard for accounting compliance. IFRS, set by the International Accounting Standards Board, is a set of accounting standards that dictate reporting practices for financial statements. Enhanced Compliance: With support for both IFRS and FASB standards, TaxBit ensures that users’ reporting remains aligned with regulatory compliance standards. With support for both IFRS and FASB standards, TaxBit ensures that users’ reporting remains aligned with regulatory compliance standards.

The source of this news is from TaxBit