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Creating and Assigning Classification Rules/Automations

You can set up automation rules in Cryptoworth to perform a specific action when certain conditions are met.

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Written by Cryptoworth Support
Updated over 2 weeks ago

Note: You will need to have classifications set up in your Chart of Accounts prior to setting up classification automations. See Creating and Assigning Classifications

to learn how.

  1. From the side panel, click on More Options, then select Automations.
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  2. Click on the + Classification Automation button.
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  3. Select Entity or Connection depending on which level you wish to apply this automation.
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  4. Click Next.


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  5. Complete the following fields.
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    1. Automation Name: Enter a name for the automation.

    2. Automation Description: Optionally, enter a description.

    3. Wallets or Accounts: Select whether the automation will apply to a wallet or an account.

    4. Automation Sources: Click on Select, then select the wallets or accounts applicable and click Choose to confirm.
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  6. Click Next.


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  7. Criteria 1: Configure the condition that triggers this automation.
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    1. For instance, in this example, the trigger is: "When the Transaction Type is 'Receive' AND when the Contract Address is the one defined in the field".

    2. You may customize the logical operators to match your preferences (Is, is not, or is empty).

    3. You may add more than one condition if required by clicking + Add Condition.


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  8. Criteria 2: Configure the action that occurs when the trigger conditions are met.

    1. Classification: applies a pre-defined classification to all transactions that meet the conditions (in Criteria 1).

    2. Label: applies a pre-defined label to all transactions that meet the conditions (in Criteria 1).

    3. For instance, in this example, the action is: to apply the classification "Deferred Revenue" to the matching transactions.


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  9. Click Next.


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  10. Review the trigger and the action and click Confirm to activate the classification rule. Your automation will be run when the conditions are met.
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