CoinLedger’s Portfolio Tracker tracks the amount, price, market value, cost basis, percentage change, and unrealized return of the cryptocurrencies held across all of your imported wallets. One essential tool to troubleshooting your Portfolio Tracker balances is the Asset Balance Report. The Asset Balance Report allows you to view each of the transactions that CoinLedger uses to calculate your balances.
This guide will outline what the Asset Balance Report is and how you can utilize it when troubleshooting your account balances.
Where is the Asset Balance Report?
To locate the Asset Balance Report, click on the direct link to it in the top right of your Portfolio Tracking page.
What can I do with the Asset Balance Report?
Using the Asset Balance Report, you can:
Drill down into your Portfolio Tracker balance for each asset
Ex: I want to see my total balance of Bitcoin across all of my imported accounts
Specifically, CoinLedger shows you the Calculated Asset Balance and Cost Basis Balance for each asset in your portfolio
Calculated Asset Balance is the total amount of a crypto asset we detect in your account across all your wallets (based on your imported transaction data)
Cost Basis Balance is the current balance of a crypto asset in your CoinLedger account with known cost basis information (based on your imported transaction data)
View how much of a specific asset is held in each account you have imported into CoinLedger
In this context, "account" refers to each of the blockchains, wallets and exchange accounts you have imported on the Import page
Ex: I want to see how much Bitcoin I hold specifically in my Coinbase account
View the specific transactions that CoinLedger uses to calculate your asset balances
Troubleshoot issues with your data such as inaccurate balances or negative balance warnings
Troubleshoot your cost basis for an asset
Ex: I'm trying to understand how CoinLedger calculates the cost basis per coin and coin with known cost basis values on the Cost basis breakdown
How can I troubleshoot an incorrect balance for an asset using the Asset Balance Report?
If you believe the calculated balance for an asset on the Portfolio Tracker is incorrect, there are a few different ways you can utilize the Asset Balance Report to investigate this.
First, pull up the Asset Balance Report and navigate to the asset you would like to troubleshoot.
Select the asset and account you would like to troubleshoot. If you want to troubleshoot your balance for an asset across your entire account, leave All Accounts selected. If you'd like to troubleshoot your balance for an asset in a specific account, use the drop-down menu below Select account.
Next, review the Asset Balance Report entry for this asset and look for any of the following issues which can cause incorrect asset balances:
Missing or inaccurate transactions
Missing transactions indicate that you need to update or refresh your imports on the Import page
Solutions:
Navigate to the Import stage and press the 🔁 Sync All button
If this does not work, you likely need to import a missing data source into CoinLedger
Inaccurate transactions could indicate that you made a mistake when editing a transaction or when manually importing transactions
Solution:
Filter for Edited or Manual transactions on the Transactions page to see if these transactions are correct
Large gaps of time missing in your transaction history
If you are missing months or years of transactions for a specific asset that you know you have traded during that time period, this is a sign that you are missing transaction history data and need to update your imports
Solutions:
Navigate to the Import stage and press the 🔁 Sync All button
If this does not work, you likely need to import a missing data source into CoinLedger
Negative Balance Warnings
Negative Balance Warnings are the result of inaccurate or incomplete imported transaction data. To fix them, you should review all of your imported transactions.
Using the Asset Balance Report you can pull up the first instance of a negative balance for an asset on your account, making it easy to pinpoint the reason for that negative calculated balance.
Negative Balance Warnings will be flagged under the Troubleshooting section of the Asset Balance Report if they are present (if they are not present, you won't see this warning)
Discrepancy in your Calculated Asset Balance and Cost Basis Balance
When calculated balance and cost basis balance do not match, this is a signal that you may be missing transaction history data
Missing inflows and outflows such as deposits and withdrawals are the most common culprit
Learn more about this here
Conclusion
Remember that CoinLedger's Portfolio Tracker calculates it's asset balances based on the transaction data that you have imported. Your tracked balances may not look correct if your transaction history is not up to date. We recommend taking advantage of the Asset Balance Report to make sure that all of your calculated balances are correct.
Still need further assistance? Reach out to our Support Team at anytime at [email protected]!!