New automatic "Merging" Feature
(full-automatic linking of transactions)
End of March, our long-awaited new "Merging" feature for the improved linking of transactions between two depots will be released.
Advantages of the new recognition of so-called transfers are mainly the even more accurate linking of your transactions and the complete automation.
This is achieved by improved merging parameters, which are described in more detail within this article.
Already linked transactions will remain linked.
If you prefer to deactivate the upcoming feature in advance, you can now opt-out. The opt-out can be found in the Account Settings and allows you to switch to purely manual merging.
This article already contains a sneak peek at other upcoming updates in design and functionality.
Transfer of acquisition costs between depots via label "Transfer"
The transfer of acquisition costs is particularly important for the later calculation of your actual profits or losses. The starting point for the transfer of acquisition costs between two depots is always a matching Withdrawal from depot A and, as counterpart, a matching Deposit into depot B.
Transfers between your depots are automatically identified by Blockpit. This is done by matching related Deposits and Withdrawals based on certain rules (parameters) and linking them directly to the "Transfer" Label. This is called "merging", because two transactions become one.
> The respective merging parameters are described in the "Rules for automatic merging" subtopic.
If a Transfer is not identified automatically or if it cannot be assigned, it will appear as an "Unmerged" Deposit and Withdrawal as shown in the image below and can be merged manually.
Not every Unmerged Deposit or Withdrawal is actually a Transfer!
If you are sure that it is not a Transfer, then other Labels might also be eligible.
> Here you can find more help and a description of automatic & manual Labeling.
Hint: Use the "Issues" filter on the transaction page to search for specific issues such as "Unmerged".
Rules for automatic Merging to Label "Transfer"
The algorithm for automatic merging to the transaction type "Transfers" works in a simplified way as follows:
- Ensuring that incoming and outgoing transactions are not in the same depot
- Matching of transaction IDs (transaction hash)
- Matching of asset IDs
- Check if timestamp of incoming transaction is ≥ timestamp of outgoing transaction
- Checking whether (timestamp of incoming transaction - timestamp of outgoing transaction) is ≤ 2 hours
- Check whether incoming asset quantity ≤ outgoing asset quantity
- Check whether (incoming asset quantity / outgoing asset quantity) ≥ 0.9
- Merge to Transfer if all conditions from step 1-7 apply and at a maximum only one incoming and one outgoing transaction was found
- If all conditions from step 1-7 apply and multiple incoming and outgoing transactions are found (duplicates), those transfers whose timestamps are closest are merged to Transfer first
All steps are gone through after each import of a new transaction.