Step 1


See our video on this tutorial here.


Head to the Accounting tab and select "Classifications" under the drop down menu.



Step 2


Click on the blue "Add Classification" button and you will see a menu of options for creating your new transaction classification.




Step 3


Click the first bar menu to select the classification level. Level 0 is the parent classification and level 1 is a sub-classification. After click the desired classification level, name your new classification. In this example, we named it "software subscription" which will serve as an expense that will be tracked on the platform.




Step 4


Note that the Non-taxable square should only be checked by a qualified professional who is informed about which  cryptocurrency transactions are taxable events in the underlying jurisdiction of operation. 


The "To Ignore" square will completely ignore transactions under the selected classification in the platform. If you are looking to ignore transaction duplicates due to an intermediary wallet that is synchronized, use the "To Ignore" function to classify the intermediary wallet transactions. 


Decide whether to write a classification description then click on the blue bottom "Add" bar. 



Step 5


Head back to the Transactions tab.



Step 6


To use the new classification, you will select the desired transactions in which you wish to classify and then click on the blue classification button for the menu.



Step 7


Upon clicking the classification icon, scroll down the entire menu list until you see your added classification option and select it. Then click on the blue "Assign" button to successfully assign your new classification onto the selected transactions in the portfolio.