Overview
Revaluation involves adjusting the book value of crypto assets to their current fair market value at the end of a reporting period. This process is crucial for accurate financial statements and compliance with accounting standards.
What is Cost Basis Revaluation?
Cost basis refers to the original value of an asset for tax and accounting purposes. When asset values fluctuate, book value revaluation helps adjust asset valuations to reflect real-time market conditions.
For crypto firms, proper revaluation ensures:
✅ Regulatory compliance – Meeting GAAP and IFRS standards.
✅ Better decision-making – Understanding unrealized gains/losses.
TRES supports FIFO, LIFO, WAC, Max gains / Max loses and Spec ID cost basis methods.
How Cost Basis Revaluation Works in TRES
Step 1:
Navigate to the Ledger page
Click on Actions and choose Revaluate
Revaluation date - Choose the date which you wants to revalue your assets.
Asset Selection – Choose the asset you want to revaluate.
Price - Revaluation value (Fiat) - set the fair market value at the date selected.
Click Add
The revalued asset will appear.
Click "Calculate Cost Basis"
Step 2:
Review changes in asset book value before and after the revaluation.
Step 3:
Review the Revaluation transaction which has been added to the ledger tab.
Note the token amount of the transaction is virtually zero because the inventory is not being changed. An adjustment to the book value is whats being done.
Click the "sync now button" and then the "open journal" button on the top right corner to review the revaluation journal entry.
Get Started
The Revaluation is a premium feature, to activate the Revaluation feature in your account, please contact your account manager or reach out to our support team.
Need further assistance? Submit a request here.