Transitioning to Per-Connection Cost Basis
This guide explains how to switch your cost basis calculation method from the universal (Per Asset) flow to the more granular Per Connection flow. This change provides a more precise and siloed accounting of your assets, treating each wallet or exchange as an independent pool. This is essential for accurate performance tracking of individual accounts and aligns with standard accounting practices.
To ensure historical accuracy, we will use the Trailed: Start option, which instructs Cryptoworth to re-calculate your entire transaction history from the beginning using this new, more granular logic.
From the side panel, navigate to the Transactions page.
Click on the cog icon next to the Calculate button to configure the calculation.
a. Objective: Set to Trailed Start.
b.Cost Basis Flow: Select Per Connection.
3. Click Calculate to run the calculation.
A link to the Reports Dashboard will appear. You can click this to monitor the progress of the recalculation. Please be patient, as a full recalculation from the start can take some time for accounts with a large number of transactions.
Once the calculation is complete, all of your reports, including Realized and Unrealized Gain/Loss, will be updated to reflect the new, more granular Per-Connection cost basis.
Note: See, running a calculation to learn more on configuring advanced calculation options.