Awaken
Awaken is a specialized tax automation platform designed to help web3 companies and digital asset holders accurately calculate, track, and report their cryptocurrency taxes with high-precision cost basis tracking.
Zoho Books
Zoho Books is a comprehensive cloud accounting software designed to help small businesses manage finances, automate business workflows, and stay tax compliant across multiple global jurisdictions effortlessly.
Quick Comparison
| Feature | Awaken | Zoho Books |
|---|---|---|
| Website | awaken.tax | zoho.com |
| Pricing Model | Freemium | Freemium |
| Starting Price | Free | Free |
| FREE Trial | ✘ No free trial | ✓ 14 days free trial |
| Free Plan | ✓ Has free plan | ✓ Has free plan |
| Product Demo | ✘ No product demo | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2021 | 1996 |
| Headquarters | San Francisco, USA | Chennai, India |
Overview
Awaken
Awaken is a dedicated crypto tax platform built to handle the complexities of web3 transactions, including DeFi, NFTs, and liquidity provisioning. You can connect your wallets and exchanges to automatically pull in transaction history, which the software then categorizes to identify taxable events. It focuses on high-accuracy data, ensuring your cost basis is calculated correctly across thousands of different tokens and protocols.
You can generate IRS-ready tax forms, such as Form 8949, or export your data directly into popular accounting tools. The platform is designed for both individual investors and professional accountants who need to manage multiple client portfolios. By automating the heavy lifting of data normalization, you save hours of manual spreadsheet work while reducing the risk of overpaying on your capital gains taxes.
Zoho Books
Zoho Books is a cloud-based accounting solution that handles your finances so you can focus on growing your business. You can manage your accounts payable and receivable, keep track of inventory in real-time, and reconcile bank statements without manual data entry. It simplifies complex tasks like GST or VAT compliance by calculating taxes automatically and generating audit-ready financial reports.
You can automate repetitive office chores like sending payment reminders or recurring invoices to save hours every week. The platform integrates deeply with the broader Zoho ecosystem and hundreds of third-party apps, ensuring your financial data flows smoothly across your entire business. Whether you are a solopreneur or a growing team, you get a clear picture of your's company health through a centralized, intuitive dashboard.
Overview
Awaken Features
- Automated Wallet Sync Connect your hardware wallets and exchange accounts to automatically import every transaction without manual data entry.
- DeFi & NFT Support Track complex on-chain activities like staking, minting, and liquidity pools across multiple blockchains and protocols.
- Tax Form Generation Generate ready-to-file IRS Form 8949 and Schedule D reports that you can hand straight to your accountant.
- Cost Basis Tracking Apply advanced accounting methods like FIFO or HIFO to optimize your tax liability and track your performance.
- Error Detection Identify missing prices or duplicate transactions automatically so your final tax reports remain accurate and audit-ready.
- Portfolio Analytics Monitor your real-time holdings and unrealized gains across all your connected platforms in a single unified dashboard.
Zoho Books Features
- End-to-End Invoicing. Create professional invoices in seconds and set up automatic payment reminders to ensure you get paid on time.
- Client Portal. Give your customers a secure place to view their invoices, check project progress, and make payments directly.
- Inventory Tracking. Monitor your stock levels in real-time and set reorder points so you never run out of essential items.
- Bank Reconciliation. Connect your bank accounts to fetch transactions automatically and categorize them quickly to keep your accounts accurate.
- Automated Workflows. Set up custom rules to automate repetitive tasks like sending thank-you notes or notifying your team of big sales.
- Project Billing. Track time spent on tasks and bill your clients accurately for every billable hour directly from the platform.
- Tax Compliance. Calculate your tax liability automatically and generate the reports you need to stay compliant with local tax laws.
- Mobile Accounting. Scan receipts, track expenses, and view financial reports from your smartphone using the native mobile application.
Pricing Comparison
Awaken Pricing
- Up to 25 transactions
- Unlimited wallet sync
- Portfolio tracking
- Tax preview
- DeFi & NFT support
- Everything in Free, plus:
- Up to 150 transactions
- Downloadable tax reports
- IRS Form 8949
- TurboTax export
- Priority email support
Zoho Books Pricing
- 1 User + 1 Accountant
- Manage up to 1,000 invoices
- Client Portal access
- Online payments
- Automated payment reminders
- Multilingual invoicing
- Everything in Free, plus:
- Up to 3 users
- Manage up to 5,000 invoices
- Recurring expenses
- Sales approval
- Bulk updates
- Custom views
Pros & Cons
Awaken
Pros
- Excellent support for complex DeFi and NFT transactions
- Clean and modern interface is easy to navigate
- High accuracy in cost basis and price data
- Free tier allows for full portfolio tracking
Cons
- Pricing can scale quickly for high-frequency traders
- Fewer exchange integrations than some older competitors
- Limited mobile app functionality compared to desktop
Zoho Books
Pros
- Excellent value with a generous free tier for startups
- Seamless integration with other Zoho productivity applications
- Highly intuitive mobile app for managing finances on-the-go
- Strong automation capabilities for recurring invoices and reminders
- Comprehensive tax handling for various international regions
Cons
- Limited number of users on lower-priced tiers
- Learning curve for setting up complex custom workflows
- Advanced inventory features require higher-level plans