How to account for the virtual currency of Internet companies

1. [virtual currency on the Internet]
1. bitcoin
since its release in 2009, bitcoin has become the most famous virtual currency. This virtual currency was developed by indivials or organizations under the pseudonym of "Nakamoto Tsung" (whose real identity has always been unknown), and is mainly used by online merchants. However, in recent years, some small physical merchants have begun to accept bitcoin payment. Through complex algorithms and a large number of computing resources, users can obtain bitcoin through "mining". Of course, they can also purchase bitcoin through exchanges or services like bitinstagnt and coinbase. The total amount of bitcoin that can be mined is about 21 million, while the current mining amount has exceeded 11 million. Bitcoin has attracted the attention of Western Union, MoneyGram and paypal. It is reported that these services are evaluating whether users are allowed to use bitcoin on their respective platforms
2. Litecoin
litecoin is based on bitcoin protocol, but supports faster transaction confirmation. The total number of litecains that can be mined in this system is 84 million, and the mining volume so far is about 20%. According to Charles Lee, the inventor of the virtual currency, the total value of litecoin currently in circulation is about $50 million. He said it was not clear that any physical merchants would accept payment from litecoin, but some host service providers had accepted the virtual currency
3. Freicoin
similar to litecoin, freicoin is also based on bitcoin protocol, but it is still in the early stage of development. According to mark friedenbach, one of the inventors of the virtual currency, the total number of freicoins that can be mined in the system is about 100 million, and the current mining volume is about 20%. The current number of concurrent users in freicoin network is about 100. At present, only a few small online merchants accept freicoin, and the inventor of the virtual currency is trying to promote it in a wider range
3. Ripple
ripple is not only a payment network, but also a virtual currency. The developer of ripple is opencoin, a Silicon Valley company. The company says its goal is to make ripple available to as many users as possible. Currently, the total number of ripples mined is about 100 billion, most of which are in the hands of opencoin. Chris Larsen, co-founder and CEO of opencoin, said opencoin is about to distribute 2000 ripples per user to about 40000 users, and plans to distribute about 50 billion ripples in the next few years. At present, consumers can register through ripple.com to get ripple wallet, and use the third-party service bitstamp to remit money from the bank account to use ripple wallet< 4. Amazon coins
Amazon is one of the few large technology companies that independently develop virtual currency. In most cases, the virtual currency of these companies can only be used on their respective websites. Amazon just launched the Amazon coins service in May, which can now be used to buy games, apps and other digital content on the kindle fire platform, as well as on app stores and websites. One dollar can buy 100 Amazon coins, while large purchases will get a discount. For example, 1000 Amazon coins are sold for $9.50
5. Well known virtual currency in China
there are many well-known virtual currencies in China, such as network currency of Internet company, Q currency of Tencent company, Q point and roll of Shanda company, u-coin meter ticket (used for igome game), chivalrous Yuanbao (used for chivalrous road game), grain silver (used for bixue Qingtian game), etc.

2. Virtual currency can be divided into game currency and network token
game currency is mainly circulated by game companies and professional gamers through online tasks and ground sales
network token: it is a kind of virtual currency equivalent to normal currency that can circulate on the network. Such as the common Q coin. This is mainly to facilitate users in a variety of consumer activities on the network. In the early stage, free quantitative distribution is used to guide consumers to a virtual consumption habit. In the later stage, special sales channels are set up.

3. Referring to the reply on the issue of personal income tax on the income of indivials from buying and selling virtual currency through the Internet (Guo Shui Han [2008] No. 818), the income obtained by indivials from purchasing players' virtual currency through the Internet and selling it to others after price increase belongs to the taxable income of personal income tax, which should be calculated according to & quot; Income from property transfer; Indivial income tax is calculated and paid
according to the indivial income tax law, the income from property transfer should be withheld by the payer.

4. As for the calculation of arbitrage cost of digital currency, each company has its own differences, but most of them are management fees, and the cost of ant intelligent moving bricks is not high

5. Many formats of the Internet are not in the front, so in terms of accounting recognition, we need to look at the essence
1. Click revenue, unit price multiplied by click volume, to confirm revenue. Unless there are special terms, the income will be recognized monthly after clicking
2. Membership system should be divided into membership fee and service income. If the membership fee is non refundable, it can be included in the income at one time. If it is refundable, it will be included in other payable payments. When there is no need to return it, it will be included in the income. Relevant service income is recognized after the service is provided. Based on the different forms of service, the way of revenue recognition may be different. In case of one-time service, the revenue shall be recognized after the service is completed. For example, if Youku pays to watch a movie and the user spends 5 yuan to watch a movie, then as long as the system records that the user has used a 5 yuan viewing voucher, the revenue can be recorded. For long-term service, the income shall be calculated by stages ring the service period. For example, the annual card of Xunlei, which is 12 months old, will be collected in advance after receiving the money, and then the average income will be recognized in 12 months. The system records the revenue after each service, according to the average value
3. After confirming that the customer will not return each batch of goods sold, revenue is recognized by multiplying the unit price of the goods by the quantity
4. Advertising. If it is a location advertisement, such as Sina home page, according to the unit price multiplied by the display time, generally by day, recorded in revenue; If it's a placement advertisement, such as Youku's front placement, the unit price multiplied by the number of displays will be recorded in the revenue; If it's a title advertisement, such as Yili sports of Sohu, according to the form agreed in the contract, it may be the unit price multiplied by the display time, or it may be the revenue after the full implementation. If it is a mixed contract, that is, a contract contains both location advertising, title advertising, patch advertising and suspension advertising, then there are two reasonable methods: the system can support, and each form of advertising has been sold indivially for many times in history

6. Cash journal, bank journal, subsidiary ledger and general ledger. Inventory, fixed assets and current accounts decide whether to set up separate sub ledger for management accounting according to the business volume.

7. Bookkeeper: miner
bookkeeper: Mining

8. You don't ask clearly,
if it's a company, you can ask the seller to issue an invoice when you buy things online now,
secondly, you can also make financial statements if you have clear running evidence, and the relevant regulations of each company are different,
if you want to declare tax, you can ask the local finance bureau.

9. Multi currency function: the current currency and account are strongly related, so if there are multi currency accounts, you need to create accounts with different names, such as RMB cash, and the currency is set to RMB. US dollar cash, currency set to us dollar
then, when bookkeeping, adjust the local currency to the current common currency, and select the corresponding account when recording revenue and expenditure. You can query details and reports by selecting currency conditions
the specific rich owners can go to the dig money forum to have a look at the dig money section. The rich owners of dig money all communicate with each other on how to use dig money to keep accounts

10. This can be said to be the same as the overlord clause specially mentioned by the two sessions time table,
there is no basis
I don't know if the landlord agrees with my point of view

I hope the government can introce relevant laws and regulations on virtual wealth, which can not be relied on
when new things appear, the law should keep up with them. Otherwise, someone will take advantage of it

511002 friends, I hope you don't casually put some things on the Internet when you answer questions, which often leads to the result that they are not right. We should have our own views and opinions
when I answer questions, I first consider whether I have any experience and feelings in this field. If I have, I will write by myself; No, look for relevant information online, and then extract the important content that is helpful to the topic. Computer problems, but also their own experiments, correct, and then issued

please refer to.