Quote from: wacked on March 07, 2018, 08:56:50 PM

Is there a how-to for the correct way to track Coinbase in CoinTracking using their API keys? I've imported my information but I know I'm missing some steps on to accurately account correctly going back a few years involving deposits, purchases etc. Coinbase takes transfers to different addresses as sells, but for accounting/tax is this the correct way? I'm just looking for a how-to guide on using Coinbase with APIs. If I must I'll use the csv files and follow a how-to as well. Thanks

One suggestion:
Once you upload your trades to CT, either by API or by CSV/Excel file, you need to reconcile your CT accounts with the exchange history, in this case Coinbase. This can be tricky because you don't have a "bank like statement" to balance against. But you need to look at your balances and trades to make sure they are uploaded correctly and try to tie them out.

With Coinbase you'll need to export each Wallet's history to Excel. The Coinbase exchange reporting is horrible and basically you have to construct your own statements and get them to tie to Coinbase. I exported all the data and then sorted it by date got it into columns that matched CT and printed it.

Then I exported the Exchange history in CT to Excel. Once you have both reports you can start the painful process of "ticking and tying."

I upload all of my accounts, both with the API and manual CSV, and check them weekly to make sure the transactions are right and complete. (I'm an accounting manager - same thing my staff does with our company accounts too, although that's not with this software and not with cryto, just the same concept). Reconcile, Reconcile and Reconcile. I have just over a 1,000 transactions in the last quarter, and an good amount of capital invested (at least for me >50, <100), 5 exchanges (Coinbase, Bitfinance, etc.), 10 wallets which don't have APIs, with a bunch of mining activity.

Yes - I've put the hours in to balancing everything, and it took hours. So is this the greatest accounting software I've ever used, no. But it does a darn good job of tracking everything. Come tax time, everything was there.

Like most complex accounting activities - it takes time and reconciliations!
Good luck