📝 Description
It is possible that during analysis, the first page is displayed with negative balance warnings.
A negative balance warning is generated when a transaction seems impossible based on the information provided, in other words when you tell us you are taking out more cryptocurrencies than you have in stock.
Example: You withdraw 2 ETH from your account when you only have one in stock according to the information provided.
Negative balance warnings are generated on a token/platform pair. Therefore, they will always be listed by token AND by platform.
Example: Negative balance of 2 ETH on Coinbase.
Having a negative balance means that your stock of a cryptocurrency on a platform is less than 0 at a given moment. In other words, you are selling cryptocurrencies that you do not own (and have not borrowed). Therefore, certain transactions have not been integrated into Waltio (either accounts are missing, or certain types of transactions are not shared).
There are 3 reasons for a negative balance warning:
One or more deposit transactions are missing from Waltio.
One or more withdrawal transactions are present in Waltio in excess (double / triple...).
Transactions are not recorded in the correct order (a withdrawal recorded before its deposit, for example) on Waltio.
To find out whether you are in situation 1, 2 or 3, you should look at your stock sheet.
📂 Identify and correct a negative balance
1. Filter your corrections on negative balances
Go to your corrections page then filter the warnings on negative balances.
Then select a transaction and click on the blue "Correct" button on the right.
2. Solution 1: One or more deposits are missing
By clicking on this solution, Waltio will show you all the transactions you have entered manually, which can often be a source of errors.
Example: You wrote Binanc instead of Binance or entered 1 BTC instead of 0.1 BTC.
3. Solution 2: Missing transactions/accounts
When you add a platform, you must add all your transactions carried out on that platform.
You should therefore check that Waltio correctly reads all the transaction types for the platform on which you have a negative balance. To do this, go to the dedicated article for the platform in question.
Example: Deposits linked to participation in Launchpad on Binance are not read by the API. To see them appear in your account, you need to add the Full Statement file.
If the missing transaction type is not supported by Waltio, then you will need to create the transaction manually or via a Waltio file.
If you think this is a transaction present in your file/API but not being read by Waltio, contact us via the Chatbot at the bottom right of your screen. Finally, make sure that all your platforms are added to your Waltio account.
Example: I add my Metamask wallet by selecting the ETH and Polygon blockchains. But I forget to add the Binance Smart Chain even though I have made transactions on it. This could also cause negative balances and an incorrect tax report.
4. Solution 3: Duplicate transactions
In 99% of cases, this is linked to a duplicate transaction, for example, if you have added a file and an API for a platform and the transaction is present in both.
Identifying it is very simple. In the "Context" section, Waltio will show you the tokens and the platform concerned by the negative balance. You will need to check that there are no duplicates in these transactions.
💡 Two transactions of the same amount, involving the same tokens, and carried out at the same time are very likely to be a duplicate. If you're not sure, check your account on the platform.
5. Solution 4: Transactions are not recorded in the correct order
In 99% of cases, a withdrawal appears before a deposit. In this case, you need to filter as in the previous situation to identify the anomaly. Once found, the deposit should be brought forward so that it is recorded before the withdrawal.
Example: In my Coinhouse file, all the day's transactions are recorded at the same time. This creates negative balances, because my withdrawal of 2 ETH is read before the deposit of 3 ETH. To correct this, I'm going to bring the deposit forward by 5 seconds so that it can be read by Waltio before the withdrawal.
6. Solution 5: I still have a negative balance
If you have not managed to correct your balance, Waltio will by default consider in your report that your balance was 0. You can then move on to the next correction.
If you really want to correct it in order to have the most accurate calculation possible, you can involve one of our experts:
💡 Additional Information
We advise you to renew your API keys if they are old (more than 6 months). This may be the cause of missing transactions.
We do not display a negative balance of less than -10 €. They have a negligible impact on the calculation of your capital gain.
A poorly filled Waltio format file can create negative balances.
If you have a large number of negative balances on different tokens, but on the same platform, the reason is probably the same for all tokens.
If you have negative balances on a wallet, it's very likely due to bridge transactions not being read. In this case, follow this article.
A deposit can be reported as a negative balance warning. Example: 01/01: Balance 0 BTC → Withdrawal of 2 BTC → Negative balance of 2 BTC. 02/01: Balance -2 BTC → Deposit of 1 BTC → Negative balance of 1 BTC.