We have been supporting rules and calculations with the time test for a long time. Now we calculate detailed time test values directly on the portfolio. Specifically, for each open and closed position we express the amount of a particular cryptocurrency and its realized gain/loss within the time test. You can thus quickly learn how much of each cryptocurrency meets the time test according to your tax residency rules. And reflect the information in your strategy based on that. In the Tax Report, in addition to the tax base, we also list the total value of the cryptocurrency that meets the time test and was exempt from tax.
Important note: If you are trading, the time test can in principle be calculated using the FIFO, HIFO, LIFO methods for valuing the cost of acquisition. In order to correctly transfer the time test information, you need to reload the portfolio balances from the beginning of your history. This is from the oldest portfolio to the most recent.
It is now possible to copy portfolio balances between different costing methods. Specifically between FIFO, HIFO, LIFO models. For example, if you need to switch between HIFO > LIFO, you no longer need to change the methodology of your entire history to do so. But instead continuously build up through the next period. Without making changes to previous periods.
The default FIAT currency in which newly imported reward transactions will be valued has been added to the tax rules settings. Specifically STAKE REWARD, REWARD, EARN, AIRDROP, FORK. A new section called Valuation has been added in the details of these transaction types. It contains the pre-existing acquisition values of the valuation transaction. In addition, it now contains an editable FIAT currency in which the transaction will be valued. This allows you to individually decide on the global and individual currency settings for the valuation of reward type transactions.
In cooperation with professional users, we have designed and created an accounting report in the new format of the accounting software ABRA Flexi. This supports other accounting software into which you can import crypto transactions in native format.
The Binance API connector now offers the preference to synchronize without having to specify traded pairs. The feature is experimental. And only available to customers with paid pricing plans. Please also note that due to the inefficiency of the entire Binance API, it is advisable to back up all your transactions to CSV exports. Additionally, remember that there are multiple Binance exports for by transaction type.
By saving your user settings, your interface will be the same each time you log in as the last time you left it. This includes the last positions of active portfolios, organizations, tables and more. Wherever you log in.
The application is being prepared for the introduction of pricing plans. All existing accounts have undergone a migration of existing plan management data from the organization to the application account. You will now see your account with Obsolete FREE, PRO, TRIAL pricing plans. When the application is completely ready for this change, you will be notified when your temporary pricing plan is about to expire. And you will be prompted to manually migrate to the new price plan type. The price plan overview and comparison page has also been updated. Explanatory information about each feature has been added.