Once you’ve imported all of your sources into your workspace, we can use the Assets page under NAVIGATE to categorize assets. Here you’ll see tabs called “Overview,” “System Categories,” “Clustering,” and “Valuation.”

This is a great place to start after importing your sources, as you can easily and quickly categorize, cluster, and value transactions according to your specific use case. This will make your Transactions page much easier and meaningful to work with!

Overview

💡On any of the pages under Overview, you can create and add assets to Asset Clusters. You can read more about this in our guide about Clustering here.

Under “All Assets” you can easily view every asset that your business has interacted with from your imported sources. You can break this down further into “Holdings” and “Disposed.”

The table on this page will break down your assets with helpful information, including Unrealized Gains and Losses and Categories (e.g. Top 100 Market Cap). You can also see the number of on-chain or off-chain sources for each asset:

There is a page here titled “Potential Spam Review.” We recommend regularly reviewing this page to check whether the assets here are indeed spam, or if they are legitimate. You can quickly and easily work through the list, marking the assets as “Spam” or “Not spam.”

If you mark an asset as Spam, we will automatically mark all transactions with that asset as Spam and it will be excluded from your transactions page, reports, and the Treasury module.

System Categories

If you head to the next tab called “System Categories,” you’ll see a breakdown of assets under each of the following categories:

• Significant Assets - Assets that are the most important for your business to track
  • You can filter for Significant Assets in the Treasury, in your Transactions module, and in Reports (and Data Integrity Module for Enterprise customers)
• Not to be booked - Assets that should not be booked to your accounting software (e.g. in the case of off-balance sheet accounts)
  • The system will automatically exclude transactions with these assets from the synchronization features and Ledger Entries reports
• Confirmed spam - All assets on the workspace that have been automatically or manually identified as spam
  • All transactions involving these assets will be automatically labeled as “Spam” and by default are filtered out of the Treasury module, the Transactions module, and reports (and the Data Integrity module for Enterprise customers)

Clustering

In the next tab called “Clustering,” you can create and view all asset clusters on the workspace.

For instance, if you wanted to group together all Aave tokens, you can click on + Create New Cluster, add all relevant tokens to the cluster, then assign it a meaningful name like AAVE.

Once your clusters are created, you will be able to see infographics showing the allocation and token breakdown by cluster, making the components of your clusters really clear.

You can also use Cluster filtering on the Transactions page, Treasury, and in Reports.

Valuation

Finally, if you click on the “Valuation” tab, there are two sections, Principle Market Selection and Asset Pegging.

Principal Market Selection

Under Principal Market Selection, you have the power to choose between different price providers. You can also choose whether this applies for the full transaction history, or from a particular date.

For example, let’s say I need to price Bitcoin using Binance’s pricing data from the beginning of 2023. On this page when I find Binance, if I select it an “Edit” box comes up at the bottom of the screen. If I then hit “Edit,” I can select the price provider needed, as well as the specific time period:

Asset Pegging

It may be the case that you would like the valuation of a particular asset to be based on another asset or fiat token. This can be particularly helpful for assets such as variable debt or interest-bearing tokens, as often we are unable to add pricing providers for these types of assets to value them automatically, and they will need to be manually valued.

Instead, if you set up Asset or Stablecoin Pegging, the valuation will still be automatic and based on our principal market data for the base asset.

If you choose Stablecoins Pegging, it will bring up a list of all of the assets on your workspace that should be 1:1 with a base fiat, such as USDT and USDC. If you would like these to be matched 1:1 to their relevant fiat, simply select the tick mark next to the asset and hit “Save.” These will now be pegged to the base fiat.

If you choose Asset Pegging, you can peg an asset 1:1 to another asset. For instance, you may wish to peg variable debt tokens to the base token. In the case of Aave WBTC, I can set up a pegging to WBTC. From now on, the valuation of AWBTC will be 1:1 with WBTC.

💡 Please note, for both pegging options you must select Peg history if you want the valuations to apply for all historic transactions. If you do not do this, the pegging will only affect transactions that are imported from the date of pegging, onwards.

We should now have great visibility of the assets on your workspace and how they should be categorized. Let’s now move on to label our transactions!