Your client sells crypto and wants to transfer the proceeds to their bank account. Then comes the question every crypto investor gets sooner or later: "Can you demonstrate the source of these funds?" Banks are obliged to ask this under anti-money-laundering legislation, and without a solid file a payout can be held up for weeks or even refused.
With the source-of-funds report you, as an accountant, generate a bank-oriented document that answers that question in just a few seconds.
What is in the report?
The report bundles your client's complete money flow into one clear PDF package:
- Fiat inflow: all euro deposits per exchange, so it is clear with which money the crypto was originally bought.
- Purchase timeline per asset: when and where each position was built up.
- Transfer overview: the movements between your client's own wallets and exchanges, so the chain from purchase to current location is airtight.
- Account overview with coverage statement: which accounts and wallets were included in the analysis.
- Source reference per line: each acquisition refers back to the source account and, where available, the transaction hash on the blockchain.
On demand, with a free reference date
You generate the report on demand from the client file, under the export options. By default the overview runs up to today, but you can choose a different reference date, for example the date of the planned payout. Nothing is stored permanently: every generation starts from the current data in the file.
Who is it for?
The source-of-funds report is available to accountants, from any paid client file. The document is framed as an indicative compilation based on the supplied data: it supports your client's file towards the bank, but it is not a compliance certificate.
How banks look at this
Compliance departments want to see a coherent story: where does the money come from, how was it invested, and does the chain between purchase and payout add up? A structured document with source references answers those questions far faster than a folder of loose screenshots. Also read our broader guide on proof of funds for crypto for what banks expect exactly.
Try it in your own file
Do not yet manage clients via Cryptotax? Get started for free at cryptotax.be/voor-accountants and discover everything you can do with a client file.