Disclaimer: This article is intended as an informative piece. This is not accounting or tax advice. Please speak to a qualified tax professional about your specific circumstances before acting upon any of the information in this article.
Ensuring that all of your assets are correctly mapped is essential for Recap to retrieve accurate pricing for each specific asset, which directly impacts the accuracy of your tax calculations.
It’s recommended to start with this step, as incorrectly identified assets can cause other issues, such as Failed to Value errors or Missing Acquisitions.
Step 1: Address Unidentified Assets Warnings
Begin by checking for any Unidentified Assets warnings. You can review each account card on the Accounts screen. For detailed guidance, please refer to our Unidentified Assets Guide.
Step 2: Verify Asset Mapping
Next, carefully verify that each asset is correctly mapped within all your accounts. To do this, click on each account card and navigate to the Asset Identification tab. Review each token to ensure that the correct one is displayed.
Changing the asset mapping
For Custom Accounts:
You can modify asset mappings by following these steps:
Click the blue Edit button next to the asset.
In the ‘Select a currency’ dropdown box, search for the correct asset by typing its name or asset code.
Once you’ve found the correct asset, click the blue Save text on the right.
Repeat this process for every asset that requires adjustment.
Note: If you can’t find the correct asset in the dropdown, it may need to be added to the Recap database. In that case, please contact Support through the in-app chat, and we’ll add the asset as soon as possible.
For Connected Accounts:
If any assets are incorrectly mapped in connected accounts, please contact us via in-app support, and we’ll resolve the issue as soon as possible.