Cryptoworth tracks crypto , connects wallets and exchanges and tracks transactions and streamlines bookkeeping operations.
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Intuit TurboTax
Score 9.4 out of 10
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Intuit now offers and supports TurboTax, a tax preparation and filing service for individuals and small businesses available online, or installed via CD and download (Windows, Mac).
The only reason why we've selected Cryptoworth against other competitors like TRES Finance is because it's considerably cheaper. At that time, we've made a hard decision to proceed with Cryptoworth even though we found that other solutions like TRES were much better suited for …
Koinly is a simpler tool mainly aiming to help with your tax calculations. Cryptoworth is an accounting solution that also helps with your tax compliance, you can also use it for NFTS, DeFi and make invoices, handle bills in crypto.
Cryptoworth has competitors in the crypto accounting software field but there are things that it does best. One of the competitors that stack up against Cryptoworth is CoinTracker which has some similarities but also differences. For one, the UI look of CoinTracker may be more …
CryptoWorth offers more services than CoinTracker. It is easier to track multiple wallets and larger amounts of transactions into and out of these wallets. It is cloud-based so can be used on even the simplest machine. It is much simpler to create tax returns and is almost …
We select TurboTax for its wide user base (familiarity), price points (multiple offerings based on users' needs), user experience (intuitiveness), technology (adaptive to user tax situations and simplify user data entry by means of upload feature), customer support (for …
As a company that uses multiple wallets, many swaps between assets and users, Cryptoworth might not be the easiest solution to use.If you have a low number of monthly transactions and a fairly uncomplicated structure, then Cryptoworth will be a good and cost-effective solution. However, if you think that your company has lots of transactions, multiple chains, complicated reporting requirements, etc., then Cryptoworth might not be the best solution because you'd spend more time fixing bugs with the CS team than actually doing accounting
Great for most situations. Depending on your complexities, Intuit TurboTax is a great option for self service or Intuit supported tax preparation. The system will store your prior year data making gathering needed documents easy.
We really like Cryptoworth as a product and their level of customer support is excellent. In particular I give a shoutout to one of their founders [...] who seems to be available night or day to troubleshoot! Subledger technology for blockchain is still a relatively new concept industry wide but Cryptoworth are a reliable and value for money market leader. They also are keen to collect feedback and continue to refine and improve.
Overall, Cryptoworth is a good solution that addresses problems for crypto accounting. It has many integrations, assets supported, types of wallets covered, etc. However, software in itself is still being built. In other words, as a user I expect the final product from Cryptoworth, but it turns out to be far from the reality. Like the more you use the platform, the more questions appear, and as a result, you end up improving and reporting the problems to the CS team. I recognise that any software might have bugs or issues that generally need to be reported but not to the point that you observe several bugs in one sitting
CryptoWorth offers more services than CoinTracker. It is easier to track multiple wallets and larger amounts of transactions into and out of these wallets. It is cloud-based so can be used on even the simplest machine. It is much simpler to create tax returns and is almost fully automated.
We select TurboTax for its wide user base (familiarity), price points (multiple offerings based on users' needs), user experience (intuitiveness), technology (adaptive to user tax situations and simplify user data entry by means of upload feature), customer support (for implementer and end-users) and expert support (i.e., CPA), cloud capability, safety and security. Other products also offer several features like those but not to the same level of comprehensiveness and sophistication.
