CTC offers a data-sharing feature that allows you to collaborate with your accountant on your crypto reports. Once you accept the invitation from your accountant, you can go to Settings > Permissions and select which data you would like to share. Note that only you can decide which side of the data is working data.
Before you start importing, decide which side is your working data. The data can NOT be transferred.
TL;DR
There are three common scenarios:
Scenario | Suggestions for the working data | What happens after revoking access |
Your accountant has prepared all the data for your review. | Accountant data | All working data will stay with the accountant. |
You already have your data ready to share with the accountant. | My imported data | All working data will stay with you. |
Your accountant has only invited you to share the data but has not done any work yet. | My imported data | All working data will stay with you. |
Scenario 1: Your accountant has prepared all the data for your review.
Your accountant may have requested all your cryptocurrency transaction history, including the exchanges and wallets you have used. After that, they worked on your data on their end. Usually, they will invite you to review the work they've done.
If this is the case, make sure to select "accountant data" as the working data so you can review the data they've worked on.
Note: If you revoke your accountant's access, you will no longer have access to the accountant's data set.
Scenario 2: You already have your data ready to share with the accountant.
If you have already imported your data and worked on it yourself, but you want your accountant to review it for you, make sure to select "my imported data" as the working data. This will allow your accountant to review the data you've worked on.
You will still have access after revoking your accountant's access.
Scenario 3: Your accountant has only invited you to share the data but has not done any work.
If neither you nor your accountant has started the process, it's best to choose "my imported data." Keep in mind that this means you will own the data, so make sure to remember your login credentials.
You will still have access after revoking your accountant's access.
The Best Way to Work with Your Accountant
It's usually easier to import all exchanges and wallets on your own. This approach ensures that your accountant won't need to request API keys, wallets, CSV files, etc., from you or engage in back-and-forth communication just to import the data. Once all the data is imported, you and your accountant can review the transactions together.
You can either leave a comment or use the 'filter comments' feature to communicate about the transaction with your accountant.
Leave a comment on the transaction:
Filter the comment and take action:
What Happens When You Revoke Your Accountant's Access?
There are two scenarios when you revoke your accountant's access:
Scenario | Result of Revoking Accountant’s Access |
1. The data you need is on ‘My imported data’ | You own the data. The data stays with you if you revoke your accountant’s access. |
2. The data you need is on ‘Accountant data’ | The accountant owns the data. You will no longer have access to the ‘Accountant data’ once you revoke the access. |
It's always best to double-check your Working Data before revoking your accountant's access.
FAQ
Q: How can I access the 'Accountant data' again once I revoke the access?
If you need access to 'Accountant data' again, kindly ask your accountant to send you a new invitation. Once you accept it, you’ll regain access to the "Accountant Data."
Q: What if I need to change accountants, but my data is in 'Accountant data'?
Please contact the Support team via the in-app chat in the bottom-right corner or email us at [email protected].
Read more about data sharing with your accountant:
If you have any questions or need help, we're here for you! Feel free to reach out to us via the in-app chat in the bottom-right corner or send your inquiries to [email protected].