Koinly
Koinly is a cryptocurrency tax software that helps you calculate your capital gains and income by syncing your wallets and exchanges to generate compliant tax reports.
TRES Finance
TRES Finance is a comprehensive financial data platform providing automated accounting, auditing, and reporting solutions for businesses managing digital assets across multiple blockchains and decentralized finance protocols.
Quick Comparison
| Feature | Koinly | TRES Finance |
|---|---|---|
| Website | koinly.io | tres.finance |
| Pricing Model | Freemium | Custom |
| Starting Price | Free | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✓ Has free plan | ✘ No free plan |
| Product Demo | ✘ No product demo | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2018 | 2021 |
| Headquarters | London, UK | Tel Aviv, Israel |
Overview
Koinly
Koinly is a cryptocurrency tax platform designed to simplify the complex process of tracking your digital assets and calculating your tax obligations. You can connect your exchange accounts, private wallets, and blockchain addresses to automatically import your entire transaction history. The software then reconciles your data, identifies transfers between your own wallets, and calculates your capital gains or losses using approved accounting methods like FIFO or LIFO.
You can use the platform to monitor your portfolio's performance in real-time while ensuring you stay compliant with local tax laws in over 20 countries. It solves the headache of manual spreadsheet tracking by identifying missing market prices and highlighting potential errors in your data. Whether you are a casual investor or a high-frequency trader, you can generate ready-to-file tax reports like the IRS Form 8949 or TurboTax entries in just a few minutes.
TRES Finance
TRES Finance is a dedicated financial data platform designed to help you manage the complexity of digital assets. You can aggregate all your Web3 financial data from hundreds of blockchains, exchanges, and DeFi protocols into a single, verifiable sub-ledger. This allows you to automate your crypto accounting and ensure your books are always audit-ready without manual data entry or spreadsheet errors.
The platform serves enterprises, asset managers, and accounting firms that need to reconcile high volumes of on-chain transactions with traditional financial systems. You can generate detailed financial reports, track cost basis, and monitor your global treasury in real-time. By bridging the gap between blockchain data and GAAP/IFRS standards, you save hundreds of hours on monthly closes and financial audits.
Overview
Koinly Features
- Automatic Data Sync Connect your exchanges and wallets via API or public keys to automatically import your transaction history without manual entry.
- Portfolio Tracking View your total holdings, ROI, and unrealized gains across all your platforms in one unified, real-time dashboard.
- Tax Report Generation Download localized tax documents like Form 8949, Schedule D, and international reports tailored to your specific country's requirements.
- Error Reconciliation Identify and fix missing transaction data or duplicate entries with built-in tools that highlight inconsistencies in your records.
- DeFi & NFT Support Track your decentralized finance activities and NFT trades across multiple blockchains to ensure every transaction is accounted for.
- Tax Loss Harvesting Identify assets that are currently at a loss so you can sell them to offset your capital gains and lower your tax bill.
TRES Finance Features
- Data Aggregation. Connect your wallets and exchange accounts to automatically sync transaction history from over 100 different blockchains and protocols.
- Automated Reconciliation. Match your on-chain activity with internal records automatically to identify discrepancies and ensure your financial data is accurate.
- Smart Labeling. Apply custom labels to your transactions so you can categorize flows and generate granular reports for different business units.
- Audit-Ready Reporting. Generate balance sheets, income statements, and realized gain/loss reports that comply with standard accounting principles like GAAP and IFRS.
- DeFi Tracking. Monitor your positions in liquidity pools, staking, and lending protocols with automated valuation and reward tracking across various chains.
- Cost Basis Calculation. Calculate your cost basis using FIFO, LIFO, or weighted average methods to ensure precise tax and financial reporting.
Pricing Comparison
Koinly Pricing
- Up to 10,000 transactions
- Unlimited wallet sync
- Portfolio tracking
- Capital gains preview
- DeFi & NFT support
- Everything in Free, plus:
- Up to 100 transactions
- Downloadable tax reports
- IRS Form 8949 & Schedule D
- TurboTax & TaxAct export
- Comprehensive audit trail
TRES Finance Pricing
Pros & Cons
Koinly
Pros
- Extensive support for over 700 exchanges and wallets
- User interface is clean and easy to navigate
- Accurate handling of complex DeFi and staking transactions
- Excellent customer support and detailed help documentation
Cons
- API sync can occasionally require manual troubleshooting
- Pricing increases significantly for high-volume traders
- Large datasets can take time to process
TRES Finance
Pros
- Supports an extensive range of blockchains and protocols
- Significantly reduces time spent on manual data reconciliation
- Provides high-quality data accuracy suitable for formal audits
- Intuitive interface simplifies complex on-chain transaction data
Cons
- Pricing is not transparent for smaller organizations
- Initial setup requires careful mapping of complex wallets
- Advanced features may have a slight learning curve