Crypto Transfers are created to move an amount of a Coin from one SoftLedger Wallet to another. This is similar to moving Items from one Warehouse to another in physical Inventory. If there is no Fee resulting from the Transfer, there will be no created and associated Journal Entry with the Transfer.
Click the +New button and make sure the top dropdown box for transaction Type is set to 'Transfer'. Note: This is the most manual way to bring transactions into the system, and it is recommended to use the SoftLedger API, Excel Upload Templates, and Integrations whenever possible.
Enter all required fields and click submit. You can also click the down arrow next to the submit button and click 'Submit and New' to open a new blank Transfer to complete.
Transfers can only be made between wallets in the same location.
Transfers do not have cost-basis implications, the cost-layers carry forward to the new wallet.
Date - The timestamp the transaction occurred in UTC Timezone.
Coin - Coin being transferred. Sent Wallet must be selected prior to selecting the Sent Coin.
Sent Wallet - Wallet where Coins are transferred from (these are created previously on the Crypto>Wallets page).
Received Wallet - Wallet where Coins are transferred to.
Quantity - Total number of Coins transferred.
Fee Coin - Optional Coin used to pay fee. Fee Wallet must be selected prior to selecting the Fee Coin.
Fee Quantity - Total number of Coins used to pay fee.
Fee Per Coin Price - Optional fiat price per Coin at the time of the transfer (leave this blank to have SoftLedger pull a rate automatically).
Currency - Fiat currency of the Fe Per Coin Price field.
Customer - Optional Customer associated with this transaction.
Vendor - Optional Vendor associated with this transaction
Reference - Optional reference text (Will be set as the description field for the Journal Entry created from the transaction).
Notes - Optional long text field.
TX Hash - Optional field to store the hash if it is an on-chain transaction.
Note: You can edit any create crypto transaction so long as the transaction is not in a closed accounting period.