Getting started with consola.finance
Consola.finance is bringing clarity and control to companies’ crypto finances. We automate crypto finance processes, starting with crypto bookkeeping, accounting and reporting. With consola.finance, you can save valuable time, reduce human errors and receive the transparency to make better decision.
This article provides an outline on the capabilities of consola.finance. If you are interested in using consola.finance and require a more thorough understanding of our features, we recommend consulting our comprehensive product guide for further information.
To begin using the consola.finance platform, please visit app.consola.finance. If you are new, please click on the “register” button and sign up for a new account.
If you have already registered, simply enter your registered email and password to log in.
Upon signing up for the consola.finance platform, you will be presented with an empty “Overview” page. To begin tracking your inflows and outflows, you will need to connect your wallet to the platform. Once connected, you will be able to view a breakdown of your transactions organized by wallet, asset or account type.
Your portfolio is also displayed as a pie chart, showing the percentage composition of your assets. Additionally, you can view a list of all the recent wallets added and recent transactions conducted.
The dashboard provides a visual representation of the cumulative transactions data for your connected wallets. The data is structured according to wallets, assets, categories, and date, and can be filtered using the dropdown menus in the top right corner.
- Inflows: transactions where your connected wallet was the recipient
- Outflows: transactions where your connected wallet was the sender
- Fees: the blockchain network fees paid by your wallets for conducting the transaction
- Sum: the cumulative value of the inflows and outflows of your connected wallets
The “Treasury” section offers a visual representation of connected wallets and their asset allocation.
The data is automatically updated on regular basis. You can manually always trigger a refresh of the data.
The “Disclosure” feature in consola.finance enables you to create personalized dashboards for sharing with others. To create a disclosure page, you can choose the specific modules to include and give the page a name. A unique hyperlink will be generated for accessing the disclosure page.
These disclosure dashboards can be shared with external parties such as venture capital firms, investors, tax advisors or others, and can be viewed without the need to create a separate account on the consola.finance platform.
The “Export” section in consola.finance enables you to generate and download various reports, including Transaction History, Historical Wallet Balance, Team Breakdown, Contact List, and (Un-)realized Gains/Losses. These reports are available in a range of file formats, including CSV, XLSX (Excel), and JSON. You can access and download the reports you have generated from the “Available Reports” table.
The calculation of gains and losses can be performed using either FIFO (First In, First Out), LIFO (Last In, First Out), or average cost accounting methods.
Wallets and Transactions
The “Tracked Wallets” section in consola.finance allows you to manage your tracked wallets, view the current ones you are tracking, and see the total number of tracked transactions.
By clicking on a wallet’s address, you can access its full transaction history and use various search, sort, and filter options. You also have the option to view the details of your transactions on the corresponding block explorer.
The “Tags” feature in consola.finance allows you to create custom tags for transactions, which can be assigned to individual transactions to categorize them based on common purpose. In addition, you can create sub-tags within a main tag to further organize transactions within a broader category.
Account types are used to categorize transactions in preparation for accounting statements. There are five pre-defined account types available: Revenue, Expense, Asset, Equity, and Liability. You can create specific account names under these types and classify their wallet transactions under the appropriate accounts. On the consola.finance platform, it is possible to assign tags and account types to individual transactions for more detailed tracking. You can use the slider on the top left to switch between the base version for using tags and the advanced version for using account types.
You can also create rules to automatically assign account types and names for future transactions.
The “Rules” feature on the consola.finance platform allows you to set up automatic assignments of account types to transactions based on specific conditions, such as the sender, date, or amount. This can save you time and effort in categorizing your transactions, as the system will automatically apply the appropriate account type or name based on the conditions you have defined. To use this feature, you will need to create a rule and apply it by clicking the icon in the top right corner of the page.
The “Contacts” section in the consola.finance platform lists all the wallets that you have connected and assigned names to. You can edit these names to improve the clarity and organization of your transactions. If you need to delete a contact from the list, you can do so in this section.
This section provides an overview of the teams that have been created by you. The free tier allows you to create one team, while the ability to create additional teams is available through the advanced version.
You can invite new team members and assign different levels of permissions to team members, including Admin, Editor, and Viewer.
In your settings panel, you can check your account details including your current subscription plan. You can upgrade or cancel subscriptions as well.