This is a guide on your accountant Settings page. If you are not on the accountant plan, please go to the Settings Page guide.
Settings Page
Click the profile on the top right of the page. Then, you can see the Settings button on the drop-down menu:
NOTE: you can search and switch among your clients’ accounts:
Under Settings, you will find three tabs on the sidebar:
Below, we will show you how to use each of these settings.
Account
Client Details
Invitation status
You can invite your clients and work on the data together. Read the guide How do I invite my client? for more details.
If the client accepts your invitation, it will look like the below image.
Client's email
This is linked to the invitation you sent to your client’s email. It will show ‘No linked client’ if it’s not linked to any email address.
Client's name
You can change the client’s name here. It will show on the generated reports.
NOTE: You cannot use duplicate client names.
Country
This is, by default, set up the same as the accountant’s country. You can not manage a client in a different jurisdiction.
Local Currency
This is the local currency of your Country setting and can not be changed by itself.
Language
Currently, we support English, Deutsch, and Español. More languages to come. 😉
Data management
This shows which side of the data is being used. The accountant can NOT change this setting. Only the client can change it when they are invited by the accountant.
If your client has accepted your invitation, but the imported data seems incorrect or no data is available even though you or your client has imported the data, check with your client if they have chosen the wrong side of the data with their Permissions setting on the Settings page.
Manage Data
Clear Data
The client’s account will remain, but the data imported will be deleted. You can use this feature if you want to start from scratch for this client.
NOTE: This action cannot be undone.
Delete Client Account
NOTE: This action is not reversible.
By deleting the client's account, both the data and the client will be removed. This also removed the subscription that linked to the client and can not be undone.
However, if you would like to cancel the future subscription for this client as you are unsure if the client will be with you next year, please reach out to support via the in-app chat box on our website.
Portfolio & Tax
NOTE: The default settings are the recommended settings depending on your tax jurisdiction. Switching the toggles or changing the value will affect your reports. So ensure to consult with a tax professional for any changes.
Tax settings
Refresh report
Use the ‘Refresh report’ feature after you change any settings, so the generated reports are up to date.
Inventory Method
This is set up as the default option of your tax jurisdiction. You can change this setting here or on the Reports page. You can read the relevant guides:
Timezone
CryptoTaxCalculator will auto-match the timestamps in your transactions to the timezone you choose.
Cost Basis Tracking
Use this setting to change how the cost basis is tracked. For example, with the FIFO inventory method, the below trades are made:
Day 1: Buy 1 ETH on Coinbase for $4000
Day 45: Buy 1 ETH on Binance for $3000
Day 90: Sell 1 ETH on Binance for $2000
If you choose:
Universal
Cost basis will be tracked universally across all wallets and exchanges.
In this case, on the day 90, your capital gain is $2,000 - $4,000 = - $2,000
By wallet and exchange
The cost basis is tracked by wallet and exchange. This means that there may be multiple cost bases for an asset based on the purchase price where the currency was purchased.
In this case, on the day 90, your capital gain is $2,000 - $3,000 = -$1,000 on Binance
Portfolio & Tax
Portfolio settings
Ignore gains on forex conversions
Show fiat holdings on reports and dashboard
Treat airdrops as income
Treat staking rewards as income
Treat royalties as income
Treat staking deposits and withdrawals as non-taxable
Treat personal use as a non-taxable disposal
Treat outgoing gift as non-taxable disposal
Treat collateral deposits and withdrawals as non-taxable
Treat bridges as non-taxable disposal
Long term threshold
You can customize your long-term threshold here. Changing this setting will affect your Capital Gains Report.
Adjusted balance accuracy
Use this feature to ignore balance remaining issues below a certain fiat threshold because of decimal place rounding issues. This is usually caused by exchange transaction data that has been rounded up.
Integrations
Connect Xero account
