Create Transaction Ledger ID
As a Crypto Tax Accountant, I need to create unique transaction ledger IDs for each cryptocurrency transaction to ensure accurate record-keeping and easy auditing. Specifically, I need to combine the 'Date', 'Asset Type', and 'Wallet Address' into a single, consistent identifier.
=CONCATENATE(TEXT(A2,"yyyy-mm-dd"),"-",B2,"-",C2) How it works: The CONCATENATE function joins multiple text strings or cell values into one. By combining the transaction date (formatted consistently with TEXT), asset type, and wallet address, we create a unique and easily traceable identifier for each transaction. This is crucial for tax reporting, auditing, and maintaining organized records in the complex world of cryptocurrency.
Data Setup
| Date | Asset Type | Wallet Address | Amount | Transaction Type |
|---|---|---|---|---|
| 2023-01-15 | BTC | 0xAbCdEfGhIjKlMnOpQrStUvWxYz12345678 | 0.5 | Buy |
| 2023-01-20 | ETH | 0x1234567890AbCdEfGhIjKlMnOpQrStUvWxYz | 2.0 | Sell |
| 2023-02-01 | ADA | 0xFeDcBa9876543210AbCdEfGhIjKlMnOpQr | 500 | Transfer |
Step-by-Step Guide
Select the cell where you want the combined Ledger ID to appear (e.g., D2).
Type `=CONCATENATE(`.
Click on the cell containing the 'Date' (e.g., A2), then type `,"yyyy-mm-dd"),"-"` to format the date and add a hyphen separator.
Click on the cell containing the 'Asset Type' (e.g., B2), then type `,"-"` to add another hyphen.
Click on the cell containing the 'Wallet Address' (e.g., C2), then type `)` and press Enter.
Drag the fill handle (the small square at the bottom-right of the selected cell) down to apply the formula to all other transactions.