Software Alternatives, Accelerators & Startups

Koinly VS Pascal Workflow

Compare Koinly VS Pascal Workflow and see what are their differences

Koinly logo Koinly

Koinly is the easiest way to monitor your crypto activity & file your taxes.

Pascal Workflow logo Pascal Workflow

Pascal Workflow is Complete Practice Management for Tax and Accounting Firms. Transform your Practice with a platform designed to give absolute Clarity and Visibility.
  • 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.

  • Pascal Workflow Landing page
    Landing page //
    2023-08-26

Koinly features and specs

  • User-Friendly Interface
    Koinly offers an intuitive and easy-to-navigate interface, making it accessible for both novice and experienced crypto investors.
  • Comprehensive Transaction Tracking
    The platform supports a wide range of cryptocurrencies and integrates with numerous exchanges and wallets, allowing for detailed transaction tracking.
  • Tax Reporting
    Koinly provides automated tax reports that comply with the regulations in various countries, simplifying the process of filing crypto taxes.
  • Accurate Calculations
    Koinly uses advanced algorithms to accurately calculate gains, losses, and income from your crypto activities.
  • Excellent Customer Support
    Users generally report positive experiences with Koinly's customer support, which is responsive and helpful.
  • Portfolio Insights
    The platform offers valuable insights into your crypto portfolio, including detailed analytics and performance tracking.

Possible disadvantages of Koinly

  • Cost
    While Koinly offers a free plan, advanced features and comprehensive reporting require a paid subscription, which might be expensive for some users.
  • Limited Free Plan
    The free plan has limitations on the number of transactions it can handle, which may not be sufficient for active traders.
  • Complex Transactions
    Some users have reported that the platform struggles with the accurate categorization and calculation of more complex transactions, such as DeFi activities.
  • Privacy Concerns
    Some users may be concerned about providing access to their exchange and wallet data, which involves sharing sensitive financial information with a third-party service.
  • Data Sync Issues
    Occasionally, there are reports of synchronization issues where data from exchanges or wallets doesn't update correctly or promptly.
  • Learning Curve for Detailed Features
    While basic features are user-friendly, some of the more advanced tools and customization options might have a steeper learning curve.

Pascal Workflow features and specs

  • User-Friendly Interface
    Pascal Workflow offers a clean and intuitive user interface, making it easy for users to navigate and manage their workflows efficiently. The design minimizes the learning curve for new users.
  • Customizable Workflow Solutions
    The platform allows extensive customization, enabling businesses to tailor workflows to their specific needs, enhancing productivity and efficiency by addressing unique operational challenges.
  • Integration Capabilities
    Pascal Workflow supports integration with various third-party applications and services, facilitating seamless data flow and process automation within an organization’s existing tech stack.
  • Robust Automation Features
    The platform provides powerful automation tools that reduce manual tasks and enhance efficiency, allowing teams to focus on high-value activities rather than repetitive processes.
  • Scalability
    With its scalable architecture, Pascal Workflow can grow alongside a business, accommodating an increase in users, tasks, and complexity of workflows without compromising performance.

Possible disadvantages of Pascal Workflow

  • Pricing Structure
    The pricing model may prove expensive for small to medium-sized businesses, potentially limiting access to all features based on budget constraints.
  • Complexity for Advanced Customization
    While highly customizable, creating advanced workflows can become complex and may require technical expertise, which could be a barrier for teams without dedicated IT resources.
  • Dependency on Internet Connectivity
    As a cloud-based solution, Pascal Workflow relies heavily on stable internet connectivity; any disruptions can impact access to workflow processes and data.
  • Limited Offline Functionality
    The platform offers limited functionality when offline, which can hinder productivity for users who require access in environments with inconsistent internet access.
  • Initial Setup Time
    The initial setup and configuration of workflows can be time-consuming, particularly for complex processes, which may delay implementation and realization of benefits.

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?

Pascal Workflow videos

No Pascal Workflow videos yet. You could help us improve this page by suggesting one.

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Category Popularity

0-100% (relative to Koinly and Pascal Workflow)
Cryptocurrencies
100 100%
0% 0
Accounting
0 0%
100% 100
Crypto
100 100%
0% 0
Accounting & Finance
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 Koinly and Pascal Workflow

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.

Pascal Workflow Reviews

We have no reviews of Pascal Workflow yet.
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Social recommendations and mentions

Based on our record, Koinly seems to be more popular. 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.

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: over 1 year 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 / over 1 year 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: almost 2 years 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: almost 2 years 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 2 years ago
View more

Pascal Workflow mentions (0)

We have not tracked any mentions of Pascal Workflow yet. Tracking of Pascal Workflow recommendations started around Mar 2021.

What are some alternatives?

When comparing Koinly and Pascal Workflow, you can also consider the following products

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

Drake Tax - Look here first for tools and resources to get the most out of starting with Drake.

CoinTracker - The most trusted cryptocurrency tax and portfolio manager

Taxfiler - Income Tax Filing Service at lowest fee. File Income Tax TDS Return online with the fastest, safest and easiest portal in India.Contact now!

CryptoTrader.Tax - Tax software for cryptocurrency

TaxDome - Tax Practice Management