Consola.finance offers Gains and Losses Accounts to help segregate and group gains and losses of similar transactions. To understand how Consola Finance calculates your gains and losses, please refer to Examples.
To add a G/L account, click on either the debit or credit account type under either Gains or Losses and select the desired account type.
The example taken here takes into consideration that the preferred ERP is QuickBooks. If you connect Xero, you will be able to choose Xero specific account types for your G/L accounts.
These account types will be used if you wish to upload your crypto gains and losses as journals to your ERP i.e. Quickbooks and Xero.
To delete a G/L account, hover over the debit or credit account type you wish to delete. You will notice a ❌ mark next to the concerned account type. Click on the icon to delete the G/L account.
<aside> 👈 Chart of Accounts
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<aside> 👉 Tags
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