Intuit Lacerte vs. LOVAT

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Intuit Lacerte
Score 9.1 out of 10
N/A
Intuit Lacerte is an Income Tax Compliance system, providing forms, tax planning support, as well as document management and document storage.
$400
LOVAT
Score 10.0 out of 10
N/A
Tax software for VAT/sales tax filing. LOVAT platform collects all tax data across any sales channel and files VAT returns in a minute. Accurate VAT calculation, tax due reminders, automatic filing, free data storing with the real-time support of tax expert team available. LOVAT enables the user to register a business for VAT and sales tax purposes in foreign countries where it stores goods or where it is selling products or services. LOVAT specializes in helping…
$40
Best option for small sellers and new companies
Pricing
Intuit LacerteLOVAT
Editions & Modules
Lacerte REP (Fast Path Only)
$400
Lacerte 200 - Federal 1040
Contact for pricing
Lacerte Unlimited Modules
Contact for pricing
Start-Up
40/month
Best option for small sellers and new companies
Standard
80/month
Most popular option for your VAT Compliance
Premium
500/month
Top quality level of VAT Compliance
Offerings
Pricing Offerings
Intuit LacerteLOVAT
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsFor the complete version of the pricing with all addons and to calculate your fee please visit our website
More Pricing Information
Features
Intuit LacerteLOVAT
Type of tax
Comparison of Type of tax features of Product A and Product B
Intuit Lacerte
8.5
2 Ratings
1% above category average
LOVAT
9.8
12 Ratings
15% above category average
Sales and Use Taxes8.01 Ratings9.97 Ratings
Cross-border Taxes8.01 Ratings00 Ratings
VAT / GST Taxes8.01 Ratings9.712 Ratings
Energy and Fuel Taxes9.92 Ratings00 Ratings
Tax Reporting & Compliance
Comparison of Tax Reporting & Compliance features of Product A and Product B
Intuit Lacerte
9.6
3 Ratings
14% above category average
LOVAT
9.9
12 Ratings
17% above category average
Geolocation for Tax Assessment9.92 Ratings9.911 Ratings
3rd-Party Software Integrations7.73 Ratings00 Ratings
Tax Data Reporting10.03 Ratings9.812 Ratings
Compliance Administration Management10.02 Ratings9.811 Ratings
Tax Exemption Processing9.93 Ratings00 Ratings
Tax Document Management10.01 Ratings10.012 Ratings
Complex Tax Scenario Management9.92 Ratings00 Ratings
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Intuit LacerteLOVAT
Small Businesses
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Score 9.3 out of 10
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Score 9.3 out of 10
Medium-sized Companies
LOVAT
LOVAT
Score 10.0 out of 10
Vertex
Vertex
Score 8.6 out of 10
Enterprises
Vertex
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Score 8.6 out of 10
Vertex
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Score 8.6 out of 10
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User Ratings
Intuit LacerteLOVAT
Likelihood to Recommend
9.9
(3 ratings)
10.0
(12 ratings)
Support Rating
9.0
(1 ratings)
-
(0 ratings)
User Testimonials
Intuit LacerteLOVAT
Likelihood to Recommend
Intuit
This software is great for a tax preparer that wants the whole package from organizers to customer returns with letters and invoices. This is the best software with everything combined together. For new tax preparers looking for expensive software and are willing to some items (invoices) organizers, scheduling) through other means, Intuit Lacerte might be too expensive. But once the practice grows the time saved having all the “bells and whistles “ is worth every penny!
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LOVAT COMPLIANCE LTD
You need a way to calculate VAT on your remote sales and store tax documents electronically. As part of your evaluation, I would include LOVAT as an option. With LOVAT, we can also avoid asking clients to provide additional information at check out, which keeps our conversion rate higher. It's so easy to upload tax data, calculate VAT, and submit VAT forms
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Pros
Intuit
  • K-1 transfer capability
  • Supports more than 5,700 tax forms - federal and all state forms
  • Year-round e-filing
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LOVAT COMPLIANCE LTD
  • Variety of subscription plans which are flexible thanks to possibilities of purchasing various add-ons.
  • Tax audit reports which are available for download is a great feature that allows us to have a deeper look to our transactions from different sales channels of ours.
  • The support team in always helped us with difficulties or questions that we had on different stages while working with LOVAT
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Cons
Intuit
  • Technical glitches
  • Frequent software updates
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LOVAT COMPLIANCE LTD
  • Some processes take extra time
  • It will take some time and preferably a demo call with the support team to learn how to use the software yourself
  • Unfortunately, consultation on really difficult questions can be obtained only for an additional fee
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Support Rating
Intuit
Lacerte customer service has been great. They are very knowledgeable about the product and can help resolve problems quickly.
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LOVAT COMPLIANCE LTD
No answers on this topic
Alternatives Considered
Intuit
I’ve heard other tax preparers talk about their software and their likes and dislikes. When I offer to show them Intuit Lacerte most are blown away by what it does. One preparer used ProConnrct online tax (also by Intuit), and she loves how easy Intuit Lacerteis to use. She said having live support (not chat) to actually be able to show issues and work through them was great. Both programs use the same calculations, but the extras (trial balance, organizers with prior year data, invoicing, scheduling, filters, etc) are what makes Intuit Lacerte the best!
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LOVAT COMPLIANCE LTD
Lovat is a product which is favorable in terms of cost, unlike the many tax software which are expensive and not affordable.Also, Lovat has some flexibility, where different procedures based on the companies demands can be personalized to suit its needs. Lastly, Lovat works in hand with the many programs that are in the accounting area.
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Return on Investment
Intuit
  • Able to process client requirements faster
  • Docusign feature a big plus
  • Lacerte Diamond Passport fees is highly priced at 17.5K USD + fastpath additional per user. They could consider to bring down the cost so that it works out lucratively.
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LOVAT COMPLIANCE LTD
  • Good functionality and regular update of the services.
  • This software is a good value for money especially taking into account a not very high price.
  • The support team is professional but available only at weekdays.
  • For the moment the support language is only English that may cause some inconvenience.
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ScreenShots

LOVAT Screenshots

Screenshot of Transactions section