Topic: How do you record all your trasactions?? (Read 2163 times)
Currently I am just using my online wallets to record whatever transactions I perform, and I namely use blockchain. It's a nice and simplistic record book (in case I ever need it for one reason or another), and I personally haven't had any issues with data retention or whatever.
When I buy Bitcoin the exchange I use keeps a record of all trades performed, and as such I can just go and look at that information if I really want to try and turn a profit off of some trading. Most of the time, for my P2P transactions, my wallet has a record of them, and I just use that as a reference. It really doesn't become an issue at that point, and I like that.
Hello,
i want to do bookkeeping / accounting for my bitcoin transactions.
I would like to know what people are doing for calculating how much they spend in their fiat currency for bitcoin, etc.
Right now i am buying bitcoin from bitcoinlocal, and after every transaction, finding out how much $1 in my currency equals to how much bitcoin i just got.
Then when i purchase goods online, i can use that as a reference to figure out how much fiat currency i spent.
But im sure there is a better way? Any programs / wallets / spreadsheets available that do this calculating automatically for you??
i want to do bookkeeping / accounting for my bitcoin transactions.
I would like to know what people are doing for calculating how much they spend in their fiat currency for bitcoin, etc.
Right now i am buying bitcoin from bitcoinlocal, and after every transaction, finding out how much $1 in my currency equals to how much bitcoin i just got.
Then when i purchase goods online, i can use that as a reference to figure out how much fiat currency i spent.
But im sure there is a better way? Any programs / wallets / spreadsheets available that do this calculating automatically for you??
well, i'm not very worried on how much i paid for every bitcoin i bought... but i do have a registry of my transactions on a spreadsheet. sometimes the simple are the better
The blockchain holds the books of accounts for all my record keeping purposes when it comes to Bitcoin transactions. On my electrum wallet, I backup the histroy of received and spent transactions along with the timestamps so that I'll know with ease when the transaction happened without having to have a look at the blockchain tx online.
I don't record them for taxes or the like since there are no taxes on commodities and things like bitcoins in my country but I just keep them for reference and highlight each transaction with cause "useful in remembering the reason for each one".
I do wanna to control where the bitcoins are going and for what but im lazy and usuall i just send the money without put something information about it, but i will try to control my spendings. 
I don't record them for taxes or the like since there are no taxes on commodities and things like bitcoins in my country but I just keep them for reference and highlight each transaction with cause "useful in remembering the reason for each one".
I don't record them regularly since BTC is not taxable in my country and don't really need to keep track of it, but if you do then using something like blockchain to sort through them might be useful, it would also be possible if you write them in a notepad for everyday etc...
yeah it is always in my wallet to be honest and i never need to track it too, it is the best in my opinion
I use a ledger wallet. Scrue enough for my purpose
The only thing im thinking to adopt it to put notes on the transaction to know where im sending the money or where the money camed from, because the value we can see already, in dollar or bitcoin or other currencie.
Hello,
i want to do bookkeeping / accounting for my bitcoin transactions.
I would like to know what people are doing for calculating how much they spend in their fiat currency for bitcoin, etc.
Right now i am buying bitcoin from bitcoinlocal, and after every transaction, finding out how much $1 in my currency equals to how much bitcoin i just got.
Then when i purchase goods online, i can use that as a reference to figure out how much fiat currency i spent.
But im sure there is a better way? Any programs / wallets / spreadsheets available that do this calculating automatically for you??
YOu can view transaction on blockchain , there are lots of transaction are made there because they using api of block chaini want to do bookkeeping / accounting for my bitcoin transactions.
I would like to know what people are doing for calculating how much they spend in their fiat currency for bitcoin, etc.
Right now i am buying bitcoin from bitcoinlocal, and after every transaction, finding out how much $1 in my currency equals to how much bitcoin i just got.
Then when i purchase goods online, i can use that as a reference to figure out how much fiat currency i spent.
But im sure there is a better way? Any programs / wallets / spreadsheets available that do this calculating automatically for you??
and if you are going to ask how many transaction are made by a minute well we cant see that because it really fast that there are new transaction are being made per seconds
I don't record them regularly since BTC is not taxable in my country and don't really need to keep track of it, but if you do then using something like blockchain to sort through them might be useful, it would also be possible if you write them in a notepad for everyday etc...
I don't actually record all my transactions myself, I just use the transaction page in the wallet and look at my balance to know how much I have left to spend. Just subtract the amount of bitcoins that you actually use and calculate that into fiat prices with sites like preev.com to find out how much you have spent.
no one does that because there is just no need to do that in my opinion, you can always check it on the blockchain
i dont really track any off my financial transactions well not my bitcoin ones anyway. do you? and if so how do you do it?
All transactions're publicly visible on the blockchain. You could check them anytime. Maybe, it's a bit difficult to do the query without tools, but you can get tools that do it for you easily. What's more, most wallets, online and desktop alike, help you view your records without coding.
You could use the Blockchain to do this, but you would be compromising your own financial privacy. If I were you, I would rather record
the transactions offline in a little black book. You can make encrypted notes online, and reference the black book for the details. You can
make small remarks for example : Am = Amazon purchase / FF = Fast food etc.. etc.. Only you will know what the abbreviations means.
the transactions offline in a little black book. You can make encrypted notes online, and reference the black book for the details. You can
make small remarks for example : Am = Amazon purchase / FF = Fast food etc.. etc.. Only you will know what the abbreviations means.
There are many people mentioning the blockchain keeping history of trades...that is not really what i was asking...
I mean. for example.
you spend 100USD and convert that into 0.1644BTC.
You buy a digital key next week for 0.034BTC.
Then you topup your bitcoin wallet with another 100USD but this time you get 0.1555BTC
And now you buy 2x keys for 0.030BTC each.
How much USD did you spend on the two btc?
These maths problems for bookeeping are doing my head in.
Is there any programs or apps which can track expenses when relating to fiat currency and bitcoin?
so far i manage it manually, like how much fiat that i have spent for buying bitcoin, also to manage how many altcoins that i have, i record them on spreadsheet, actually i don't know if there's any programs like that.I mean. for example.
you spend 100USD and convert that into 0.1644BTC.
You buy a digital key next week for 0.034BTC.
Then you topup your bitcoin wallet with another 100USD but this time you get 0.1555BTC
And now you buy 2x keys for 0.030BTC each.
How much USD did you spend on the two btc?
These maths problems for bookeeping are doing my head in.
Is there any programs or apps which can track expenses when relating to fiat currency and bitcoin?
And about bitcoin transaction that i have made i think we can check it on blockchain or blocktrail, so we don't need any programs.
You just write your own backend API calls for Microsoft Money and/or Quicken. Takes about 15 minutes and that includes the time that it takes to get the keys and accounting info.
Most accounting software will handle it.
Manual entries though. Much better to keep a sale purchase ledger. Balance sheet, tax due etc will be a breeze.
IMHO.
Manual entries though. Much better to keep a sale purchase ledger. Balance sheet, tax due etc will be a breeze.
IMHO.
I recorded my all transactions by printed out all of my withdrawal in terms of cashout money. I kept all of my receipt that came from my bitcoin funds. All printed transaction is subject for book binding so that i have a book of memories in bitcoin industry.
How you print out the bitcoin transaction? I have never heard someone printing out bitcoin transaction. Which wallet you using or you talking about ATM /exchanger cashout receipt from selling your bitcoin?
I recorded my all transactions by printed out all of my withdrawal in terms of cashout money. I kept all of my receipt that came from my bitcoin funds. All printed transaction is subject for book binding so that i have a book of memories in bitcoin industry.
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