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, cost basis revaluation helps adjust valuations based on 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, and Weighted Average, Max gains and Max loses cost basis methods.
How Cost Basis Revaluation Works in TRES
Step 1:
Move the Ledger page
Click on Actions and choose Revolution
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.
Step 2:
Review changes in asset value before and after the revaluation, and use the FV adjustment to increase or decrease the asset's value in the ERP.
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.