I have a bit of a strange account as I have a ton of peer to peer trades on LocalBitcoins and Paxful. I’ve realized when looking at the imports of all of my LocalBitcoins and Paxful trades that the cash I received or paid during transactions comes up as a negative amount because there is no USD Wallet on those exchanges, like there is on Coinbase, Kraken, or Bittrex. How should I treat Cash on these accounts in order to get proper numbers instead of the negative $11 million that I have now? Should I create a “Bank” wallet and have the other side of those trades (whether buy or sell) go to the “Bank” USD wallet?
Yes, that a reasonable solution. You actually don’t even have to create a new wallet — if you just leave the wallet field blank it will automatically go to the miscellaneous “Other Transactions” wallet.