Bitwave vs. QuickBooks Solopreneur

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

Entrepreneurs and independent contractors who have not formalized their business operations and expense tracking can upgrade their internal efficiencies by launching QuickBooks Solopreneur. As they grow, they can upgrade to higher subscription levels, but this product offers a low-cost option with minimal unnecessary features to get started. If you already have a team, you may want to consider QuickBooks Online. If you are a one-person show, this solution works well.

Incentivized

• 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.

• Helps balance my checkbook.
• Tracks my bills and when they are due.
• Categorizes my purchases.
• Helps me plan a budget.
• Shows profit margins.

Incentivized

• 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

• Resolving their technical glitches
• Customer service follow-through
• Making it easy to see your income
• Having work-arounds when they have technical glitches - for example, just allow me to mark the transaction as paid if you can't link it to the transaction.

Very easy to teach yourself. As long as you know the difference between income and expenses you can do it. Plus there is always help from the QB community.

Incentivized

Not applicable. I am a ProAdvisor and I do not allow my clients (with few exceptions) to work in QuickBooks Online. I am the only person booking transactions, etc.

Incentivized

Quickbooks Solopreneur is easy to dploy so ease of use is always a bonus

Incentivized

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

QuickBooks Solopreneur is easy to understand and work with and is more convenient compared to other options. QuickBooks Desktop has many disadvantages. When it comes to QuickBooks Solopreneur, it helps manage tasks easily and allows users to find all the options without difficulty. When adding or deleting anything, it is simple to locate the right option and take the needed action

Incentivized

• Can do my own bookkeeping.
• Save money on hiring an office person.
• Keeps tax info needed at end of year organized.

Incentivized