TrustRadius: an HG Insights company

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Bitwave

    Score8.9 out of 10
    N/ABitwave provides enterprises a drop in solution for handling digital assets. The platform offers complex tax tracking capabilities, automatic mark-to-market capabilities, crypto invoicing, and crypto bill pay. It is a multi-user, multi-sig wallet that helps businesses hold their coins safely, securely, and compliantly; it is a fuback-office software solution for businesses using crypto, holding tokens, etc.N/A

    botkeeper

    Score9.6 out of 10
    Small Businesses (1-50 employees)
    Boston based Botkeeper is the world's first and original robotic bookkeeper. The Botkeeper solution uses a combination of skilled accountants, machine learning, and AI to provide the best bookkeeping at the lowest possible cost. Instead of replacing your existing accounting software, we'll hook right up to it! Botkeeper can easily and quickly integrate with Quickbooks Online or Xero. Getting up and running is simple- 1. Data is extracted from both financial and non-financial sources.…N/A
    Pricing
    Bitwavebotkeeper
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Bitwavebotkeeper
    Free Trial
    NoYes
    Free/Freemium Version
    NoYes
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details—Our goal is to offer bookkeeping solutions that are not only best in class, but available to all companies at all stages of growth. We have our Free Package, all the way up through Custom Packages, and everything in between!
    More Pricing Information
    User Ratings
    Bitwavebotkeeper
    Likelihood to Recommend
    8.5
    (4 ratings)
    8.2
    (3 ratings)
    User Testimonials
    Bitwavebotkeeper
    Likelihood to Recommend
    Bitwave
    If you are mainly using Bitcoin, ERC-20 tokens, or any supported chains where they have automatic data retrieval the system is great. The biggest issue, which Bitwave is constantly working on, is not supporting automatic transaction retrieval of specific crypto blockchains. They currently have a workaround by allowing manual uploads of unsupported chains (i.e., layer two chains like Arbitrum or Cosmos-based chains). The Bitwave platform still works excellently with unsupported chains; however, it is just a little more time-consuming b/c transactions are inputted using a CSV file that needs to be correct. But I imagine they will continue to add new supported chains, and since I have been a customer, I have seen the number of blockchains they support at least double.
    Incentivized
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    Botkeeper
    Well, Suited Scenarios are: Automating the data entry, analysis, bookkeeping, managing finances fairly on this basis, and pulling out burndown charts, reports, and other analytical chapters. hence it helps in understanding the business, cash flows, or issues related to that which surely end up with the ideas of revenue growth directly and indirectly as well. And the most important thing in all this is done by AI-powered tools so management of resources overhead is no more. Scenarios where it is less appropriate: When it comes to a strong comprehensive accounting then the bookkeeper fails there and we need to integrate with third-party service providers to achieve the goal. So this is the worst scenario. And for detailed resources, one needs a vast knowledge base, and that's not the case with the Botkeeper as its knowledge base appears to be limited to basic.
    Incentivized
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    Pros
    Bitwave
    • Ability to categorize taxable and non-taxable transactions.
    • Able to handle DeFi transactions.
    • Documentation support to track digital asset balances & locations.
    • Can read token transaction activity better than most wallet explorers.
    Read full review
    Botkeeper
    • They have a clean and easy portal that I can log into and link all accounts so they have access to what they need
    • They are so good at what they do that I only need to respond to 1 or 2 emails a month for uncategorized transactions or clarifications
    • They process all of our AR, AP, year end reports, sales tax, and bookkeeping. And it's all very accurate and on time.
    Incentivized
    Read full review
    Cons
    Bitwave
    • Bitwave can seemingly miss picking up some transactions due to glitches, but if you discover them, they can resolve them.
    • Ability to re-sync transactions to ERP if there are changes, without having to delete said transaction in ERP first
    Read full review
    Botkeeper
    • their current interface
    • the scoping tool (makes sense once you're using botkeeper)
    Incentivized
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    Alternatives Considered
    Bitwave
    Legible was similar service but too high in pricing. Coinpanda was able to support some chains that Bitwave wasn't able to automatically support; however, Coinpanda was a less professionalized operation with less customer support.
    Incentivized
    Read full review
    Botkeeper
    Botkeeper is quite new to accounting solutions. The tech base is quite new and cutting edge. Service support is quite fast and good. Integration support is open to another third party to enhance in all possible ways. Eliminates overhead of hiring permanent resident accountants. Great user experience and well-optimized tools.
    Incentivized
    Read full review
    ScreenShots

    botkeeper Screenshots

    Screenshot of Full mobile access!Product screenshot