Ledgible Tax is designed to make all your cryptocurrency taxation needs simple, by uploading your cryptocurrency transactions and generating your required tax reports.
This article will give an overview of all available dashboards and menu options.
If you prefer a visual demonstration of the software, here is a a video guide-through of Ledgible Tax:
The first tab is the Tax Overview tab.
This tab will display near the top the current USD value of the assets captured by Ledgible, the unrealized gains or losses on your cryptocurrency transactions, as well as the realized gains or losses on the right-hand side.
Below, the software will display your Activity, providing information such as connected wallets and exchanges, number of asset types, number of orders, number of transactions, and number of disposals, both for the current tax year and all time.
To the right of the activity dashboard, you will find tax details such as your Tax Year Status, Current Tax Year, and the next steps you can take in Ledgible.
At the bottom of the Tax Overview tab, you will have an asset summary list, displaying asset type, asset quantity, asset value, and the percentage of your cryptocurrency portfolio a specific asset takes up. Please note you can click the categories to sort them.
To the right of the asset summary is the income summary dashboard. If you have categorized any activity as income, such as staking rewards or mining, a summary will be displayed here.
The second tab is the Crypto Sources tab.
This tab will display all your connected cryptocurrency sources, such as wallets and exchanges. You have an option to search for your source name, filter by source type, change the sorting order, as well as change the display mode for your crypto sources. To the top-right of this page you will also have the option to Add a Crypto Source.
When opened, connected wallets will have three sub-tabs:
- The first is the Summary tab, which will display the blockchain the asset is transacted on, the wallet value, number of connected addresses within the wallet, and the last wallet refresh. Below these are the wallet assets, with information including the asset quantity, the FIAT value of the asset, and the BTC value of the asset. Below, you will find the recent transactions from this wallet address, with displayed information including the date and time of the transaction, the transaction type, the asset being transacted, the quantity being transacted, the fiat value of the transaction, and the transaction hash.
- The second is the addresses tab, which will display the list of addresses that this Ledgible wallet is connected to.
- The last tab is the settings tab, which will include options to rename or delete your wallet, as well as display the wallet ownership type, wallet blockchain, and wallet type.
- Please note that Ethereum wallets will have an extra tab to display any DeFi activity captured by Ledgible.
Exchanges will also have three sub-tabs:
- The first is the Summary tab, which will display the Exchange connected, the exchange value, and the last exchange refresh. Below these are the wallet assets, with information including the asset quantity, the FIAT value of the asset, and the BTC value of the asset. Below, you will find the recent transactions from this exchange, with displayed information including the date and time of the transaction, the order type, the order number, and the inbound and outbound cryptocurrency for each transaction.
- The second tab is the Imports tab, which will give you the option to add any missing data from your exchange by file import or by creating a manual entry.
- The last tab under Exchanges is the settings tab, which will include options to rename or delete your exchange and update your API credentials. You will also be able to view the exchange type, and the exchange ownership type in this tab.
The third tab is the Transactions tab.
This tab will display all transactions captured by Ledgible, listing the date and time of the transaction, the crypto source it was pulled from, the transaction type, the proceeds from a transaction, the cost basis for each transaction, the quantity transacted, the currency transacted, and the gain or loss on a transaction.
The three dots to the right of each transaction will bring up additional options, such as categorizing a transaction or ignoring one (please note that while ignoring disposals will affect your tax calculations minimally, ignoring an acquisition will have wider consequences on your calculations and should be strongly considered beforehand).
Towards the top of the page, you have the option to filter your transactions by date, connected wallet or exchange, currency, transaction type, and by disposal, as well as an option to show or hide fee transactions.
At the top right of the page, you will have the option to run an account refresh to pull in any new transactions, to create a manual entry, and to categorize transactions.
The fourth tab is the Reports tab.
This is the tab where clients can submit their payment to generate and download their tax reports. You will be presented with a green Get Reports button that will redirect you to the payments page. Once the payment has processed, this tab is where you will find your reports.
This tab was designed to help plan for your upcoming tax year. It contains information such as the total current value of the assets Ledgible has captured, the short-term total unrealized gains or losses, and the long-term total unrealized gains or losses. Below, it will list your current assets, and display the quantity of each asset, current value of the asset, the short-term total unrealized gains or losses, and the long-term total unrealized gains or losses.
Finally, there are two settings pages within your account.
To access your Account settings, click the gear icon at the top-right of any Ledgible screen. In these settings, you will have the option to name your account, view your Ledgible account ID, and view or change your timezone, as well as set your Tax Year, Tax Calculation Method, and Cost Basis Mode. On the right of this page is where you can connect to your Tax Professional.
To access your User settings, click the profile icon just above the gear icon, and then User Settings. Here you will find the option to activate 2 Factor Authentication, and change your password.