How to use the Reconciliation Tab

The Reconciliation Tab within Cryptoworth serves as a robust tool designed to refine the accuracy of your platform data. Comprising five essential components, each plays a specific role in your reconciliation process.

By engaging all segments of the Reconciliation Tab, it helps to ensure the integrity and precision of your financial records within Cryptoworth. This holistic method safeguards that your data remains dependable, transparent, and truly reflects your financial standing.

Outlined below is a detailed description of each of the five functions:

1. Sanity Check

The Sanity Check option performs a balance assessment, comparing reported balances on-chain or via a third-party API connection with the ledger's computed balance. This verification boosts reporting confidence. Note that during staking, the computed balance might exhibit a shortfall due to inventory held in staking pools. To rectify this, ledger adjustments can include transactions countering deposits in DeFi pools. Remember, any ignored transactions won't influence the sanity check calculated balance.

2. Duplicates

The Duplicates tab detects and flags any duplicate transactions affecting your ledger. It's essential to understand that this feature exclusively identifies duplicates involving registered assets and operates within transaction filters. To identify duplicates across your entire portfolio, resetting transaction filters is necessary. Transactions involving unregistered assets are disregarded. Not all flagged transactions are duplicates, so careful review precedes selecting Clean Duplicates. Be aware that executed removal actions cannot be reversed.

3. Unregistered Transactions

Unregistered transactions involve unsupported asset types recently activated on the platform. The "Find Unregistered Transactions" button within the data ops menu automates locating these transactions for swift resolution. Upon reaching the Resolve Unregistered Assets page, if you're confident in the displayed assets' accuracy, clicking the Register All button resolves them efficiently. Alternatively, you can register each token individually. Please note, once a token is registered, it can't be unregistered. 

4. Unregistered tokens

This article outlines how to resolve unregistered tokens. 

5. Issues: Finally, the Issues section provides a centralized view of any other discrepancies, anomalies, or unresolved matters within your data. It serves as a catch-all for any potential issues that may require further investigation or resolution. More details can be found here.