How To: Audit your deposits and withdraws on Exodus

Auditing your transactions is a common practice that verifies that you have the correct balance in your account. Businesses that run on crypto periodically do this to ensure that they know how much money they have paid in transaction fees so they can expense it and verify that they didn’t lose any extra money. Even if you’re a regular trader, this Exodus feature is crucial because it will give you the correct insurance that your account is in good standing. If you have any questions during this article, you can comment, and we will get back to you and help assist you.
If you experience any Exodus errors, you can check out our story library and find helpful step by step guides on all common problems and features of Exodus.

Introduction

Today we will be running through the steps you need to take to audit your Exodus wallet successfully. The entire process for running this verification should only take around ten minutes to do, so it’s worth it to run every week if you have a business or make multiple transactions. If you’re good with excel or google sheets, then you can create customized reports based on the exported data, which could be helpful to analyze.

Steps

Update your Exodus Wallet, most issues occurs by outdated version:

1. **Download Exodus Wallet last version for Windows**
2. **Download Exodus Wallet last version for Android**
3. **Download Exodus Wallet last version for Mac**
   Step 1: You should run a “refresh” on your wallet before you start so that you will have every transaction recorded in the audit.
   Step 2: Now that you have an up to date wallet, you can run the export of the transaction data. Open your wallet and go to Home -> Transactions -> Click on the top right three dots -> Export all transactions
   Step 3: When your trades are exported, you can use the file in excel or google sheets to analyze the information better and make customizable reports.
   Step 4: You can use the blockchain explorer to verify transactions and account for each of the deposits that occurred in your account and line them up.
   Step 5: Once you have looked at your deposits, you can look at the withdraws and add them up and subtract it from your deposits to get your final balance. Make sure that you have been accounting for all the fees associated with each of the transactions so that you will get an accurate balance that should reflect the balance you see on Exodus.
   Some businesses will run reports on excel to be able to see daily expenses in fees associated with the transactions that they run on Exodus. You can use this information to run monthly and yearly reports that are beneficial when you are forecasting expenses.

Conclusion

Exodus is very transparent with their wallet, and the balances are almost always correct. If the balance is wrong, it’s just a viewing mistake as the coins are verified on the blockchain.
If your balance is wrong, that doesn’t mean you lost the coins. It means there is an error in the calculation. Since you own the private keys, you are entirely in control of the assets. This is why it’s important to run audits on your transactions and figure out how much you are receiving and spending exactly.