Compare Koinly vs Avalara

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About Koinly

Launched In 2018, Koinly is the fastest growing crypto tax solution globally and offers automated capital gains reporting in 20+ countries.

It is very easy to setup and unlike other tax tools offers a complete API integration with almost every popular exchange such as Coinbase, Bittrex, Binance etc so you don’t have to enter data by hand. You can sync anything from a BTC xpub key to your EOS, COSMOS and even XRP addresses. It also has solid error detection which warns you when transactions are missing or there are errors in your data that could result in a bad tax report.

Some other distinguishing features:

  • Free portfolio tracking with a beautiful and feature rich dashboard
  • Live insight into how much you owe in taxes as well as recommendations for how you can save on taxes
  • Integrated block explorer for multiple blockchains so you don’t have to juggle between multiple explorer sites - everything is in one place
  • Generate ready-to-file tax reports like Form 8949, Schedule D etc
  • Very good live chat support that answers you questions and helps with issues

Crypto portfolio tracking on Koinly is absolutely free but tax reports are a paid feature with packages available between 79$ to 399$ per year depending on number of transactions.

About Avalara

Avalara primarily helps mid-sized businesses, e-commerce sellers, accounting firms and even CPA’s get their tax compliance right. Organizations that have tax responsibilities to state or local tax authorities makes this software an effective and reliable solution.

Avalara provides tax calculations for millions of products and has a number of tax categories such as Sales and Use Tax, Excise Tax, Communications Tax, Lodging Tax, VAT, and UPC. It is a comprehensive finance toolset that makes use of multiple indicators and compliance standards to fulfill needs of each business type.

Main features of this platform are Sales Tax Exemption Management; Returns Reporting; Product taxability; Custom Tax Rules; Sourcing rules; Centralized tax management; Standard Reporting; and Geolocation Technology. Apart from key feautures, Avalara offers an ample selection of reporting features and liability worksheets.

Features

  • Accounts Payable
  • Accounts Receivable
  • API
  • Balance Sheet
  • Billing/Invoicing
  • Budgeting
  • Calendar Management
  • CRM Integration
  • Dashboard
  • Data Export
  • Data Import
  • Data Visualization
  • Expense Tracking
  • External Integrations
  • Forecasting
  • General Account Ledger
  • Multi-Currency
  • Multi-User
  • Notifications
  • P&L
  • Payroll
  • Scheduling
  • Tax Management

Features

  • Accounts Payable
  • Accounts Receivable
  • API
  • Balance Sheet
  • Billing/Invoicing
  • Budgeting
  • Calendar Management
  • CRM Integration
  • Dashboard
  • Data Export
  • Data Import
  • Data Visualization
  • Expense Tracking
  • External Integrations
  • Forecasting
  • General Account Ledger
  • Multi-Currency
  • Multi-User
  • Notifications
  • P&L
  • Payroll
  • Scheduling
  • Tax Management

Summary

  • Generate tax and capital gains report

  • Complete API integration with almost every popular exchange

  • Fair pricing for all types of traders

  • Tax-loss harvesting

  • Supports 20+ countries

  • Block explorer

  • Free portfolio tracking

  • Live chat support

Summary

  • Sales tax compliance automation

  • Tax determination

  • Exemption certificate managment

  • Tax returns, filings, and remittance

  • Tax rates for over 70,000 jurisdictions worldwide

  • Automatically updated product taxability

  • More than 10 million UPC codes mapped to sales tax content

  • Pre-built integrations for most ERP, POS & ecommerce systems

  • Detailed reporting

  • 10 million UPC codes mapped to sales tax content

Pricing

Hodler

$79.00
1 user(s) / month
Included in plan:
  • 300 transactions
  • Tax report for any year
  • All exchanges & wallets
  • Income & capital gains

Trader

$179.00
1 user(s) / month
Included in plan:
  • 3,000 transactions
  • Tax report for any year
  • All exchanges & wallets
  • Income & capital gains
  • Priority support

Oracle

$399.00
1 user(s) / month
Included in plan:
  • 10,000 transactions 
  • Tax report for any year
  • All exchanges & wallets
  • Income & capital gains
  • Priority support
  • Review & import assistance
  • Early access to new features

Pricing

Starter

$157.00
1 user(s) / year
Included in plan:
  • 180 Annual Transactions

Typical

$3,670.00
1 user(s) / year
Included in plan:
  • 7,200 Annual Transactions

FAQs

    Does this service offer an API?
  • No

  • Who are the main user groups of this service?
  • We do have individuals signing up, however the largest part of our customer base is comprised of accounting firms and tax consultants

  • What is this service generally used for?
  • Filing your cryptocurrency tax returns and tracking portfolio.

  • Does this service integrate with any other apps?
  • TurboTax, Intuit, Xero, TaxAct, Coinbase, Binance, Bittrex, Bitpanda

  • What are some applications this service is commonly used in tandem with?
  • TurboTax, Intuit, Xero, TaxAct, Coinbase, Binance, Bittrex, Bitpanda

  • Does this service offer multi-user capability (e.g. teams)?
  • Yes, it allows accounting firms to sign up and manage their clients.

  • Does this service offer guides, tutorials and or customer support?
  • Yes, we have a guides, blogs and support section.

FAQs

    Does this service offer an API?
  • Yes, it offers RESTful API and SOAP API.

  • Does this service offer guides, tutorials and or customer support?
  • Support: FAQs, Forum, Knowledge Base, Online Support, Phone Support, Video Tutorials.

  • What is this service generally used for?
  • This service is generally used for sales tax management.

  • Does this service offer multi-user capability (e.g. teams)?
  • No.

  • Who are the main user groups of this service?
  • Main users of Avalara are small to mid-sized businesses, e-commerce sellers, as well as accounting firms and CPA’s.

  • What are some applications this service is commonly used in tandem with?
  • This service is commonly used in tandem with ERP, Order Management, and CRM applications.

  • What platforms does this service support?
  • This is a web-based software.

  • Does this service integrate with any other apps?
  • Integrations: Shopify Plus, Salesforce, Magento, Microsoft Dynamics, Epicor, QuickBooks, NetSuite, Sage, 3dcart, Commerce Cloud, Green Basket, Kibo, PrestaShop, QMerce, Radial, ShopSite, WooCommerce 2.3+, bill.forward, WordPress, Advantage Software, Concur Invoice, Epicor Prophet 21, GlobalEdge ERP, Infor Syteline, Microsoft Dynamics AX for Retail, Microsoft Dynamics GP, Sage 100, Salesforce CPQ & Billing, SugarCRM, Apparel21 POS, Celerant Command Retail, CoLinear Systems.

Vendor Information

Founded:
-
Based in:
-
Employees:
-
Likes:
Followers:
37

Vendor Information

Founded:
-
Based in:
-
Employees:
-
Likes:
Followers:
25.3k

Other

Who uses Koinly
  • Personal
  • Freelance
  • Startups
  • SMEs
  • Agencies
  • Enterprises
Desktop Platforms:
  • Web App
Languages:
English, Swedish
Regional Restrictions:
No restrictions.

Other

Who uses Avalara
  • SMEs
  • Enterprises
Desktop Platforms:
  • Web App
Mobile Platforms:
  • iOS
  • Android
Languages:
English, Portuguese
Regional Restrictions:
No restrictions.
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