What is profile Resolution Method
To ensure safe and accurate accounting for both tax compliance and effective portfolio tracking there are several key issues you might need to address.
Actions such as tracking transfers between your own wallets and exchanges are crucial to avoid incurring unnecessary capital gains.
Additionally, errors from incomplete or incorrect data provided by exchanges and wallets can lead to missing prices, negative balances, or discrepancies between the total value of imported transactions and the actual balance shown on your wallet or exchange. CryptoBooks helps you identify and resolve these issues, ensuring your records remain precise and reliable.
CryptoBooks helps you identify these issues and offers two Resolution Methods.
CryptoBooks AI Resolution Method
With the AI Resolution Method, you can delegate the handling of accounting issues to our advanced algorithms. CryptoBooks AI automatically detects and resolves problems using tax-compliant and prudent logic, so you don’t have to worry about individual errors or manual corrections.
All issues are managed seamlessly in the background, allowing you to simply download your finalized reports once everything is complete. This approach is the fastest and most convenient, offering efficiency and peace of mind. However, it provides less direct control over the details of your data.
Here you can check which errors can be fixed by AI and how they are automatically solved.
Manual Resolution Method
With the manual Resolution Method, CryptoBooks notifies you of each issue as it arises. Letting you decide how to address them one by one:
resolve each problem step by step with guided instructions, ensuring you have full control over every aspect of your accounting.
delegate the resolution of specific issues to the AI on a case-by-case basis.
This method gives you maximum oversight and flexibility in managing your data and accounting processes. However, it requires more time and effort compared to the fully automated AI approach.
CryptoBooks AI resolution is in Beta
Right now, CryptoBooks AI is in beta, which means:
you get the opportunity to be one of the first to test the power and the capabilities of CryptoBooks AI
we are constantly working to improve it and make your accounting easier then ever. Your feedback is always appreciated
it’s free and unlimited for all users while testing is ongoing
Pros and Cons of AI resolution
Here’s a quick look at the advantages and considerations when using CryptoBooks AI error handling:
✅ Pros
saves huge amounts of time and stress: connection errors are solved automatically in the background, freeing you from manual fixes
always consistent books: the system quietly manages everything, ensuring your balances and capital gains are always accurate, even with imperfect imported data
fiscally prudent fixes: all corrections are designed to be as fiscally prudent as possible, helping you avoid declaring slightly wrong capital gains
❌ Cons
less manual control: if you prefer to be aware of every accounting detail down to the cent, you may prefer to handle errors manually
still in beta: CryptoBooks AI Resolution Method is currently in beta, meaning ongoing improvements are being made