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  • Getting Started
  • System Configuration
    • Getting started with Elven
    • Project and Entities
      • Choose an Accounting Start Date
    • Inviting team members
    • Viewing activity logs
  • Financial Configuration
    • Configure Chart of Accounts
    • Configure Journal types
    • Configure Auxiliary Accounting
    • Setting Account Opening Balance
  • ACOUNT MANAGEMENT
    • Importing account balances
    • Importing transactions
      • Importing derivatives transactions
    • Verifying account balances
    • Counterparty Accounts Management
      • Managing counterparties
      • Automated counterparty identification
  • Transactions management
    • Transactions overview
  • Bookkeeping
    • Accounting with transaction data
      • Tagging of transactions
      • Rule based tagging
    • Accounting with business data
      • Importing business data using API
      • Importing business data with CSV file
      • Automated bookkeeping of business data
  • ASSETS AND VALUATIONS
    • Assets management
      • Add tokens via smart contract
      • Customising price feeds for assets
    • Fair value of Crypto assets and adjustments
    • Currency exchange (FX) PnL adjustment
    • Derivatives unrealized PnL adjustment
    • Broker business inventory management
  • RECONCILIATION
    • Transaction Reconciliation
  • REPORTS
    • Trial balance
    • Account Balance sheet
    • Financial statements
    • Crypto assets disclosure form
    • Dashboard
  • OpenAPI
    • Obtaining API Authorization
    • Import Business Data
    • Create Account
    • Query Account
    • Create Source
    • Query Source
    • Import Transfer
    • Import Trade
    • Import Gain/Loss
    • Import Account Balances
    • Import Price
    • Query Platform
    • Query Currency
    • Timezone
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On this page
  • 1. Accessing the Broker Inventory module
  • 2. Adjusting Cost Basis methods
  • 3. Broker Inventory calculation and bookkeeping
  • 4. Executing the Fair Value calculation
  • 5. Exporting the Fair Value calculations table

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  1. ASSETS AND VALUATIONS

Broker business inventory management

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Last updated 6 months ago

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This page illustrates how to utilize the Broker Inventory module, including selection of cost valuation methods, managing crypto buy/sell records, performing fair value calculations, and exporting the relevant data.

1. Accessing the Broker Inventory module

  1. From the project homepage, navigate to the Valuation page

  2. On the Valuation page, select the Broker Inventory tab.

2. Adjusting Cost Basis methods

  1. Click on the "Cost Basis Method" on the upper right corner of the page.

  2. You can select from First In First Out, Weighted Average, or Specified ID methods.

  3. When using the specified ID method, you can configure suitable rules.

3. Broker Inventory calculation and bookkeeping

  1. Purchase: Records journal entries, purchasing price, and quantity related to cryptocurrency purchases.

  2. Inventory: Records the remaining quantity and cost of the cryptocurrency inventory.

  3. Sales: Records journal entries related to cryptocurrency sales and associated inventory records.

4. Executing the Fair Value calculation

  1. Click the "Recalculate" button in the upper right corner to execute the fair value adjustment calculations.

5. Exporting the Fair Value calculations table

  1. Click on the "Export" button on the right side to export the desired calculation tables.