For the purpose of this article, an unregistered token is an unsupported asset type found in your ledger on Cryptoworth. These unregistered tokens will have no market data and will be ignored by default. If they these tokens are material to your financial reporting they will need to be registered on Cryptoworth. The "Unregistered Token" header within the Reconciliation tab automatically locates all the unregistered tokens so you can quickly locate the information needed for our team to register the token. In this tutorial, we will go over how to use this "Unregistered Token" feature.
Step 1
When engaging in transactions with new tokens across different chains, you may encounter tokens in your ledger that have no symbol images and market data. By default, these tokens are ignored in the ledger. If these tokens are considered spam or you have no intention of including them in your financial reporting, no action is required, and they can continue to be ignored. However, if you wish to account for these unregistered tokens and assign a cost basis to them, they must be registered on Cryptoworth. Below is an example of how unregistered tokens appear in the ledger:
Step 2
To find a comprehensive list of unregistered tokens within your ledger, navigate to the Reconciliation tab and click on "Run Reconciliation." This process will scan your ledger and identify any tokens that have not been registered.
Step 3
After completing a reconciliation, a list will be generated displaying all your unregistered tokens. The subsequent step involves reviewing this list to identify tokens relevant to your financial reporting. Tokens deemed immaterial can be marked as spam, ensuring they remain ignored and are removed from the list. The remaining tokens comprise those you wish to register on Cryptoworth.
Step 4
Next, select export and head to the Portfolio History tab to access the exported file
To download the exported file, click on the mail icon on the right.
Once the file is exported, confirm those are the tokens you would like registered and send them to the Cryptoworth team through the channel of your preference.