Start Your Tax Report

Every workflow in ACCOBAT begins by creating a tax report.

Why this matters

A tax report defines:

• The reporting year

• The accounting method (FIFO, LIFO, Specific ID)

• The scope of wallets and exchanges included

This ensures your calculations are consistent and compliant.

Steps

1. Navigate to Dashboard → Reports → Start New Report

2. Select your reporting year (e.g., 2025)

3. Choose an accounting method:

   • FIFO: Default and widely accepted

   • LIFO: Used in certain jurisdictions

   • Specific ID: Advanced option for precise cost-basis tracking

4. Save and begin importing wallets.

Multiple reports can run in parallel (e.g., "Personal 2025" and "Corporate 2025").