Software Alternatives, Accelerators & Startups

Wave Financial VS Koinly

Compare Wave Financial VS Koinly and see what are their differences

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Wave Financial logo Wave Financial

Award-winning financial software designed for entrepreneurs.

Koinly logo Koinly

Koinly is the easiest way to monitor your crypto activity & file your taxes.
  • Wave Financial Landing page
    Landing page //
    2023-09-06
  • Koinly Landing page
    Landing page //
    2021-10-12

Koinly is a cryptocurrency calculator trusted by crypto investors in over 20 countries. Koinly integrates with 700+ exchanges, blockchains, and wallets to give investors an easy and accurate way to track their crypto transactions in one place. From here, Koinly calculates the total capital gains and income an investor has derived from their crypto in any financial year.

Wave Financial

$ Details
-
Release Date
2009 January
Startup details
Country
Canada
State
Ontario
City
Toronto
Founder(s)
James Lochrie
Employees
100 - 249

Wave Financial videos

Wave - Free Invoicing App!! Is it Right for You?

More videos:

  • Review - UFO361 - WAVE | Review | Kritik | Comeback | Zwischen Drip & Depri

Koinly videos

Ripple’s Shareholder SBI Invest in QIWI. Ripple Unleashes 1B XRP. Koinly to Add Support for XRP!

More videos:

  • Review - Koinly Review - Paying Taxes on Crypto The Easy Way
  • Review - Koinly Review: The BEST for Crypto Taxes?

Category Popularity

0-100% (relative to Wave Financial and Koinly)
Accounting
100 100%
0% 0
Cryptocurrencies
0 0%
100% 100
Small Business
100 100%
0% 0
Crypto
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Wave Financial and Koinly

Wave Financial Reviews

8 Best QuickBooks Alternatives You Can Use in 2021
Similar to ZipBooks, Wave is also an accounting software alternative to Quickbooks. It contains enough features needed to run a small business. They provide paid payment processors and payrolls to generate money. Above all, it comes completely free of charge.
Source: techdator.net
10 of the Best FreshBooks Alternatives That Will Make Bookkeeping Easier
Wave is another free FreshBooks alternative that syncs your bank account, expense statement, and balance sheet. And there’s no catch.
Source: shanebarker.com
10 Best accounting software for Salesforce businesses
Automation features that are triggered in Wave with the Salesforce integrations include new customer records and invoice creation. In the opposite direction, Wave can trigger record updates in Salesforce when specific actions have been taken. In addition, Wave includes automatic bank feeds and a streamlined reconciliation process. Wave also handles bulk transaction uploads...
The Top 11 Cloud-Based Accounting Solutions for Small Businesses
Wave is a great solution for freelancers or small businesses with just a few employees. The best part about Wave is that you can get most of the features for free.
Source: navitance.com
7 Best QuickBooks Alternatives 2018 [Free & Paid]
Wave is easier to use than QuickBooks and absolutely free. It doesn’t contain all the features available in QuickBooks Online, such as tracking inventory and assigning income and expenses to classes, locations, and projects. However, Wave does contain some features like connecting to your bank account and creating transactions from uploaded receipts. If you don’t need...

Koinly Reviews

Best Cryptocurrency Tax Software: Complete Guide to the Top Options
The automated data import is available via either an API exchange connection or by adding cryptocurrency wallet addresses. Data on margin trading, futures trading, staking, lending and DeFi can also be imported. An interesting feature is Koinly’s smart transfer matching, which leverages an artificial intelligence system to detect transfers that are made between your personal...
Source: blockonomi.com
14 Best Crypto Tax Software to Ease Your Calculation and Be Compliant
Koinly has a very generous free subscription that permits up to 10,000 transactions with lots of additional features. It supports the usual FIFO, LIFO, average cost basis, etc., for tax accountancy.
Source: geekflare.com
15 Best Koinly Alternatives 2022
As the name suggests, CryptoTax Calculator provides easy-to-understand tax calculations with customizable rules to support your unique tax needs. CryptoTax Calculator is an excellent Koinly substitute that does a better job than Koinly in giving powerful and accurate tax reports.

Social recommendations and mentions

Based on our record, Koinly should be more popular than Wave Financial. It has been mentiond 306 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Wave Financial mentions (42)

  • First freelancing gig, need advice
    If you need CC processing for yourself, go to waveapps.com and go create an account. Source: 12 months ago
  • Proposal, Invoice, and Payment Solutions
    I use waveapps.com. It's free and keeps track of everything all in one spot. You can even accept credit cards through them. Source: about 1 year ago
  • Time to say goodbye to Quickbooks
    You know that Quicken comes from the same company as Quickbooks, right? Personally I would go back to a #2 and ledger paper before I give Intuit another nickel. Quicken For Small Business looks inexpensive at the moment, but it is also SaaS and they will still have you by the short hairs just like they do now. Take a look at waveapps.com . It's free for the basic accounting software. Source: about 1 year ago
  • Just confirming for others that QB 2022 did indeed die at end of subscription
    You can dig for my other post if you want, short story is that I was tricked into upgrading from QB Desktop 2019 to 2022 because "2019 will stop working". I was not told QBD 2022 was subscription based. They hit me up 30 days before end of subscription and jacked my annual fee from $220 to $549. After 15 years I'm done with this. Solo Freelancer. Don't need to pay for something that I don't use all the features.... Source: about 1 year ago
  • Payroll expense tracking?
    Wave does all of this. I only use the invoicing product, but I know they also offer bookkeeping and even payroll services. Source: about 1 year ago
View more

Koinly mentions (306)

  • Tax Question. If i buy $1000 worth of crypto and sell 50% on a double and then let the balance ride. Am i exempt from paying tax on that transaction?
    Every transaction you make with crypto is a taxable event. Even buying something with your bitcoin is a taxable event. So instead of looking at your balance, you have to look at each and every transaction and see how much you paid for the asset, how much you sold it for, and how long you held it. The ATO will also want a report on your crypto transactions, which you can get from koinly.io. That will also... Source: 7 months ago
  • 48-nation bloc to crack down on using crypto assets to avoid tax
    Https://koinly.io/ is a popular recommendation here in Denmark. Denmark may have the worst possible taxation for crypto: every time you sell, use or convert your crypto, that's an event where you have to calculate your gains or losses. Gains are taxed like personal income (so up to 53% tax), but losses can only be deducted at 26% they do not offset the gains directly. A school teacher speculating in crypto ended... - Source: Hacker News / 8 months ago
  • Questions about defi
    -is it possible to track swaps and trades I'm making in defi via koinly.io or another tax tracking provider? I want to take advantage of long term capital gains vs short term whenever possible. Source: 12 months ago
  • I made around 90K profit from a meme coin (crypto)recently and I’m 18 years old and have no idea how to go about taxes. Please help me . Also what could I do with my profits ?
    Every trade where you go from 1 coin to another is a capital gains event. Take a look into https://koinly.io/ to calculate it for you. Source: about 1 year ago
  • Staked ETH Rewards on Coinbase
    I just bit the bullet and pay koinly.io to do it for me. The one thing I like about it is you can tag staked transaction (eth to eth2) as swaps so they don't show up on your taxes. It's actually free until you want them to generate a tax form for you. Source: about 1 year ago
View more

What are some alternatives?

When comparing Wave Financial and Koinly, you can also consider the following products

FreshBooks - The ideal accounting software for small business owners.

CoinTracking - All Coins, all Analyzes, all Calculations, all Charts and all Prices for Bitcoin, Litecoin...

Xero - Xero is online accounting for your small business.

CoinTracker - The most trusted cryptocurrency tax and portfolio manager

QuickBooks Online - QuickBooks Online is a Cloud Accounting for small business that can be used on iPad, mobile phone or computer to do invoicing, billing, run reports, or even pay employees online.

CryptoTrader.Tax - Tax software for cryptocurrency