Very Scalable Addition to our Reporting Processes
October 26, 2024

Very Scalable Addition to our Reporting Processes

Dave Berney (CFO, CPA, ACA) | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Cryptoworth

Our company has numerous wallets and exchange accounts on the blockchain, over 50. Trying to manage these in the past and keep track of taxable events, business revenue, internal transfers, gas fees, vendor expenses paid via blockchain etc has been extremely difficult. Since we started using Cryporworth, it's been a major improvement.

Pros

  • Customer Service
  • Numerous connections
  • Value for Money

Cons

  • Accounting experts on team
  • The program can be a little glitchy from time to time
  • Compliance - Calculating capital gains/losses is more accurate
  • P&L oversight - revenue is easier to track and split
Overall quite good. Subledgers are a relatively new concept so there is still room for improvement in terms of do it yourself onboarding videos, small code issues, UX design etc Their team is very open to feedback and I believe some of these issues are already on their roadmap to be resolved by their internal team.

Do you think Cryptoworth delivers good value for the price?

Yes

Are you happy with Cryptoworth's feature set?

Yes

Did Cryptoworth live up to sales and marketing promises?

Yes

Did implementation of Cryptoworth go as expected?

No

Would you buy Cryptoworth again?

Yes

QuickBooks Online, Dext Prepare (with Receipt Bank), Reach Reporting
Cryptoworth is especially well suited for high volume, bigger enterprises with transactions stored across multiple places. Their support team is very accessible and friendly and willing to use whatever instant messenger app is most useful for your business. Subledger software is a newer concept and you can tell it's still being revised but Cryptoworth is definitely one of the best in the market right now.

Using Cryptoworth

5 - Finance, technology, exec team
3 - Accounting skills, knowledge of blockchain and code
  • Streamlined view of wallet and exchange movements
  • Better internal control
  • Less room for manual errors
  • Extra rule setup to speed up transaction classification
  • Integration with our main accounting system
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.

Comments

More Reviews of Cryptoworth

  1. Home
  2. Crypto Accounting Software
  3. Cryptoworth Reviews
  4. User Review of Cryptoworth