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Transaction Behaviour Types
Transaction Behaviour Types
C
Written by Cryptoworth Support
Updated over a month ago

Taxable

Transaction in this group will be considered a taxable event hence a capital gain/loss is calculated. Most transactions by default are taxable. ERP mapping should reflect in a way that this type of transaction pushes any gain or loss to the capital gain/loss account.
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For example:
Receive transaction - credit to the mapped account, debit to the default account

Send transaction - debit to the mapped account, credit to the default account, fees to the fee account

Non-taxable

Transaction in this group will be considered a non-taxable event hence a capital gain/loss is NOT calculated. In most jurisdictions, transactions such as internal transfers are not considered taxable and a capital gain is not realized. Cryptoworth does not include these transactions in any report to calculate the capital gain/loss reports. ERP mapping should reflect in a way that this type of transaction reflects a gain or a loss in your general ledger.


For example:
Receive transaction - credit to the default account, debit to the default account

Send transaction - debit to the default account, credit to the default account

Ignored

Transactions in this group are not taken into account in any report. The transaction is simply ignored and the system will treat the ledger as if these transactions do not exist.

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