Bitwave vs. Wolters Kluwer Vero

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

For everyday bookkeeping and tax keeping, it is well suited and very easy to customize to your personal needs. I really enjoyed the AP functions, some of which I had not had the pleasure to use in other ERPs, like keeping track of payments and as well as being able to create both automatically and manually, payment services.

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.

• Tax Book Maintenance
• Easy, automated accounting processes
• Ability to toggle between several key areas within the company

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

• Provide with the option to create a manual backup.
• Improve overall help center.
• Provide an online chat service for clients.

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

Wolters Kluwer is definitely more user-friendly however, it does not have the option to work on the cloud (at least in my case) and cannot handle vast volumes of data as well as Sage Intacct.

Incentivized