To reduce errors and misclassification in your organization’s ledger, organize your wallets using these best practices. They make it easier to track activity, automate information, and keep your records accurate.
Establish dedicated wallets for specific types of activity
Assigning a clear purpose to each wallet makes it simpler to understand what types of transactions it’s meant to support. You can then create account mapping rules around each wallet to automatically fill in the account names based on the activity.
Examples: How to define dedicated wallets
- One wallet solely for receiving staking awards
- A separate wallet for paying consulting fees
- Another wallet strictly for employee payroll
Document and share wallet usage across teams
After setting up dedicated wallets, create a document for each wallet’s intended purpose, such as the department it supports or the type of activity it’s tied to. Then share it with your Enterprise users or other relevant team members to ensure consistency.