How to: Manually update transactions

During the month-end reconciliation the “Needs Review” tab is helpful for identifying transactions missing a label, cost basis, volume, and chart of account mapping. Below are the unique features available for updating transactions that need review.

21 steps
2 minutes

Cryptio

Apply Manual Mappings

Apply manual mappings to individual transactions for categorization, such as mapping a specific crypto asset transaction to the correct GL account. Navigate to Cryptio transactions module and click "Needs Review"

Next, we want to view all transactions missing a COA mapping. Click "Incomplete COA"

Select the correct transaction that you want to apply the manual COA mapping to.

Click the "Manual chart of accounts mapping" field.

Click the missing Credit/Debit account field, select your desired COA mapping. Then click Save.

Tip! If you find yourself applying manual mappings to the same transaction. Review our scribe for Labels which utilizes your flow of funds to auto apply label/COA mappings to each transaction based on the identified rule.

Set Manual Transaction Pricing

Set transaction prices manually, individually or in bulk, to reflect the correct transaction value. This is helpful when updating pricing for NFT transactions or token grant programs that not yet traded on the market. Navigate to Cryptio transactions module and click "Needs Review"

Now we want to view all transactions with missing prices. Click "missing prices"

Alert! You can also apply manual prices to transaction that do not have missing price and instead override the transaction value using custom rate.\ \ This is common for tokens purchased in an off-chain agreement etc and were subsequently transferred out/in the wallet.

Select the transaction to open up the transaction details.

Click the "Missing rate" field and provide price per token in USD or you can assign a total incoming value in the field below.

Click the "Notes" field to apply a comment for internal tracking purposes.

Click "Save" to update the transaction details and return back to your transaction module. Since you have updated the price, the transaction will now be removed from your "needs review" section.

After each transaction update that will affect your gain/loss calculation, it is suggested you update your "Cost Basis" before running any reports.

Creating a Non Taxable Event

Select transaction that you want to make a "Non Taxable Event"

Navigate to the down arrow and click to see more options.

Select "Create Non Taxable Event"

Click "Create Non Taxable Event" one final time to execute operation.

Remove Spam tokens with filters

Identify and mark tokens as spam to maintain clean and relevant transaction data. Click this checkbox to select the transaction.

Click "Mark assets as spam"

Click "Yes" to understand that marking an token as Spam will automatically price the token as $0.

To review Spam tokens from your transactions view. Click "Filter"

Click "Filter out spams"