AutoEntry
AutoEntry is an automated data entry software that captures and analyzes scanned and digital receipts, invoices, and bank statements to sync them directly with your accounting software for faster bookkeeping.
TaxBit
TaxBit is a specialized tax and accounting software providing automated compliance solutions for digital assets, cryptocurrencies, and equity compensation to help you manage complex reporting requirements accurately.
Quick Comparison
| Feature | AutoEntry | TaxBit |
|---|---|---|
| Website | autoentry.com | taxbit.com |
| Pricing Model | Subscription | Freemium |
| Starting Price | $12/month | Free |
| FREE Trial | ✓ 0 days free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✓ Has free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2016 | 2018 |
| Headquarters | Dublin, Ireland | Draper, USA |
Overview
AutoEntry
AutoEntry helps you eliminate manual data entry by capturing information from invoices, receipts, and bank statements automatically. You can simply snap a photo with the mobile app, email documents, or upload them directly to the platform. The software uses intelligent character recognition to identify tax codes, suppliers, and line items, ensuring your records are accurate without the need for typing.
You can manage your entire accounts payable process in one place while the platform handles the heavy lifting of data extraction. It integrates with major accounting tools to keep your books updated in real-time. Whether you are a small business owner or an accountant managing multiple clients, you can save hours of administrative work every week by automating your document processing workflows.
TaxBit
TaxBit provides you with a unified platform to manage the complexities of digital asset tax and accounting. Whether you are an individual investor, a high-growth enterprise, or a government entity, you can automate the data ingestion process across hundreds of sources to ensure your financial reporting remains compliant with evolving regulations. You can track your cost basis, calculate gains and losses, and generate tax forms with precision.
The platform bridges the gap between modern digital assets and traditional financial systems by providing real-time sub-ledger accounting. You can streamline your year-end reporting and reduce the manual effort required to reconcile high-volume transaction data. It is designed to handle everything from simple crypto trades to complex institutional custody and equity compensation plans.
Overview
AutoEntry Features
- Automated Data Capture Extract data from invoices, receipts, and bank statements automatically so you never have to type another line item manually.
- Line Item Extraction Capture full line item descriptions and unit prices from your documents to ensure your accounting records remain detailed and accurate.
- Mobile Document Scanning Snap photos of receipts on the go with the native mobile app and upload them instantly to your account for processing.
- Bank Statement Conversion Convert scanned or PDF bank statements into Excel or CSV formats that you can import directly into your accounting software.
- Supplier Account Matching Match your invoices to existing suppliers in your accounting software automatically to keep your ledger organized and consistent.
- Smart Tax Categorization Assign tax codes and categories to your documents based on your previous history to speed up your monthly reconciliation.
TaxBit Features
- Automated Data Sync. Connect your exchange accounts and wallets via API to automatically pull in every transaction without manual data entry.
- Real-Time Tax Tracking. Monitor your tax liability throughout the year so you can make informed trading decisions before the deadline hits.
- Cost Basis Tracking. Manage your cost basis across multiple platforms to ensure your capital gains and losses are calculated with pinpoint accuracy.
- Tax Loss Harvesting. Identify specific opportunities to sell assets at a loss and offset your gains to lower your overall tax bill.
- Institutional Accounting. Access a SOC-compliant sub-ledger that integrates with your existing ERP system for seamless enterprise-level financial reporting.
- IRS-Ready Forms. Generate completed IRS forms like 8949 and 1099-B with a single click to simplify your filing process.
Pricing Comparison
AutoEntry Pricing
- 50 credits per month
- Unlimited companies
- Unlimited users
- Free mobile app
- Cloud storage for documents
- Full accounting software integrations
- Everything in Bronze, plus:
- 100 credits per month
- Lower cost per additional credit
- Priority document processing
- Unused credits carry over
- Bulk document uploading
TaxBit Pricing
- Unlimited transactions
- Connect unlimited sources
- Current year tax forms
- Basic portfolio tracking
- Standard support
- Everything in Free, plus:
- Tax loss harvesting tool
- Historical tax forms
- Portfolio performance analysis
- Priority customer support
- Advanced cost basis settings
Pros & Cons
AutoEntry
Pros
- High accuracy in extracting data from complex invoices
- Flexible credit system prevents paying for unused capacity
- Seamless integration with popular accounting software like Xero
- Mobile app makes receipt capture easy for employees
- Saves significant time compared to manual data entry
Cons
- Processing times can vary during peak periods
- Credit usage for line items can be confusing
- Interface feels slightly dated compared to newer competitors
TaxBit
Pros
- Excellent API coverage for major crypto exchanges
- User-friendly interface for non-accountants
- Accurate handling of complex DeFi transactions
- Helpful tax loss harvesting suggestions
- Reliable customer support during tax season
Cons
- Higher tiers are relatively expensive
- Occasional delays in syncing new tokens
- Limited features for very niche blockchains