Cryptoworth tracks crypto , connects wallets and exchanges and tracks transactions and streamlines bookkeeping operations.
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SoftLedger
Score 0.0 out of 10
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SoftLedger, the real-time cloud accounting platform enabling accountants and developers to easily manage multiple entities, integrate with other systems, and close their books faster.
As a company that uses multiple wallets, many swaps between assets and users, Cryptoworth might not be the easiest solution to use.If you have a low number of monthly transactions and a fairly uncomplicated structure, then Cryptoworth will be a good and cost-effective solution. However, if you think that your company has lots of transactions, multiple chains, complicated reporting requirements, etc., then Cryptoworth might not be the best solution because you'd spend more time fixing bugs with the CS team than actually doing accounting
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.
Overall, Cryptoworth is a good solution that addresses problems for crypto accounting. It has many integrations, assets supported, types of wallets covered, etc. However, software in itself is still being built. In other words, as a user I expect the final product from Cryptoworth, but it turns out to be far from the reality. Like the more you use the platform, the more questions appear, and as a result, you end up improving and reporting the problems to the CS team. I recognise that any software might have bugs or issues that generally need to be reported but not to the point that you observe several bugs in one sitting
CryptoWorth offers more services than CoinTracker. It is easier to track multiple wallets and larger amounts of transactions into and out of these wallets. It is cloud-based so can be used on even the simplest machine. It is much simpler to create tax returns and is almost fully automated.
