How to Read the Inventory Report
The Inventory Report is a summary of the amount of inventory a business has at the start and the end of the specified reporting period. It can be used to work out the change in value of a business's inventory which is required for certain tax entities.
Report Settings
At the top of your Inventory Report, you can find 'Report Settings', which looks like the above image. This is an overview of the settings used to generate your Inventory Report.
Country | Your tax jurisdiction. This can not be changed. |
Currency | The local currency of the chosen country. |
Inventory Method | The selected inventory method. You can change it on your Reports or Settings page. More details on what inventory method to use can be found here. |
Cost Basis Tracking | The selected method for tracking your cost basis. This can be changed by navigating to your Settings > Portfolio & Tax. |
Report Summary
This is a summary of the change in value over a certain reporting period. The Report Summary is broken down into three areas.
Total Start Value | The total value of all assets held at the stated start time of the report. |
Total End Value | The total value of all assets held at the stated end time of the report. |
Total Change in Value | This is the change in value of all assets held at the start of the report period as opposed to the end of the report period. |
Total End Value - Total Start Value = Total Change In Value
Report Warnings
This section shows unresolved issues CTC detected that might affect the accuracy of your reports. You can navigate to the Review page of your Crypto Tax Calculator account and fix it.
Report Details
This section shows you more details, like the local country currency in which your inventory is being calculated, the timezone it has taken into account, and reasons why you may see N/A with some of your assets in the Inventory Breakdown.
Inventory Summary Report
Below the summary page, you will get down to the raw data that makes up this report. This part of the report is called the Inventory Summary Report. Each of these rows will show an asset that was held during the specified reporting period. The data for these transactions will then be broken down into seven columns.
Currency | The asset that was held during the specified reporting period. |
Opening Quantity | The opening quantity (starting balance) of the asset at the start of the specified reporting period. |
Opening Cost Base | The cost base of the asset held at the start of the specified reporting period. |
Opening Market Value | The market value of the asset held at the start of the specified reporting period. |
Closing Quantity | The closing quantity (ending balance) of the asset at the end of the specified reporting period. |
Closing Cost Base | The cost base of the asset held at the end of the specified reporting period. |
Closing Market Value | The market value of the asset held at the end of the specified reporting period. |
Inventory Detail Report by Account
Further down the report, you will reach the Inventory Detail Report by Account, as seen in the above image. This area will break down each asset across all of your imported sources/accounts. They are broken down into six columns, as explained below;
Account | The account in correlation to the inventory breakdown. |
Currency | The asset that was held during the specified reporting period. |
Opening Quantity | The opening quantity (starting balance) of the asset at the start of the specified reporting period. |
Opening Value | The market value of the asset held at the start of the specified reporting period for the specified account/source. |
Closing Quantity | The closing quantity (ending balance) of the asset at the start of the specified reporting period. |
Closing Value | The market value of the asset held at the end of the specified reporting period for the specified account/source. |
Note: If you have any send transactions without a corresponding receive, those balances will not appear in the Inventory Detail Report by Account section. However, they will still be included in the report summary, which will result in a discrepancy between the values displayed.
Inventory Detail Report by Currency
The final section of your Inventory Report is your Inventory Detail Report by Currency, as seen in the above image. This area breaks down each currency's inventory. They are broken down into six columns as explained below;
Currency | The currency in correlation to the inventory breakdown. |
Account | The account in correlation to the inventory breakdown. |
Opening Quantity | The opening quantity (starting balance) of the asset at the start of the specified reporting period. |
Opening Value | The market value of the asset held at the start of the specified reporting period for the specified account/source. |
Closing Quantity | The closing quantity (ending balance) of the asset at the start of the specified reporting period. |
Closing Value | The market value of the asset held at the end of the specified reporting period for the specified account/source. |