LiveKeeping
LiveKeeping is a mobile-first financial management application that integrates with Tally ERP to provide real-time access to your accounting data, reports, and business analytics from anywhere.
TaxAct
TaxAct provides DIY tax preparation software that helps you file federal and state income tax returns with accuracy guarantees and maximum refund protections for individuals and businesses.
Quick Comparison
| Feature | LiveKeeping | TaxAct |
|---|---|---|
| Website | livekeeping.com | taxact.com |
| Pricing Model | Subscription | Freemium |
| Starting Price | $208/month | Free |
| FREE Trial | ✓ 7 days free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✓ Has free plan |
| Product Demo | ✓ Request demo here | ✘ No product demo |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2018 | 1998 |
| Headquarters | Ahmedabad, India | Cedar Rapids, USA |
Overview
LiveKeeping
LiveKeeping is a mobile application designed to bridge the gap between your office-based Tally ERP and your need for mobile data access. It syncs your financial data securely to your smartphone, allowing you to view ledgers, stock status, and sales reports without needing to be at your desk. You can track your business performance through intuitive dashboards that simplify complex accounting figures into actionable insights.
The platform helps you stay on top of your cash flow by providing instant notifications for payments and receipts. You can also create and share digital invoices or outstanding reminders directly with your clients via WhatsApp or email. It is built for business owners who use Tally but require the flexibility to manage their finances while traveling or meeting with stakeholders.
TaxAct
TaxAct is a digital tax preparation solution designed to help you navigate the complexities of federal and state tax filing. Whether you are a simple W-2 filer, a homeowner, or a self-employed professional, you can use the step-by-step guidance to identify deductions and credits you might otherwise miss. The platform focuses on providing a clear path from data entry to e-filing while ensuring your data remains secure throughout the process.
You can import previous year data from competitors like TurboTax or H&R Block to save time on manual entry. The software scales its complexity based on your specific financial situation, offering specialized modules for investment reporting, rental property income, and small business expenses. With a focus on affordability, it provides a functional alternative to higher-priced competitors without sacrificing the essential forms and schedules you need for a complete return.
Overview
LiveKeeping Features
- Real-Time Tally Sync Sync your Tally ERP data automatically to your mobile device so you always have the most current financial figures.
- Business Dashboards View your sales, purchases, and expenses through visual charts that give you a high-level overview of your business health.
- Outstanding Management Track pending payments by customer and send automated reminders via WhatsApp to speed up your collection process.
- Digital Invoicing Create and share professional GST-compliant invoices directly from your phone to close deals faster while on the move.
- Stock Tracking Check your inventory levels across different godowns in real-time to ensure you never miss a sale due to stockouts.
- Data Security Protect your sensitive financial information with end-to-end encryption and secure login protocols that keep your Tally data safe.
TaxAct Features
- Step-by-Step Guidance. Answer simple questions about your life and finances while the software handles the complex math and form placement for you.
- Data Import. Upload your W-2 or import tax data from previous years and other providers to jumpstart your return and reduce manual errors.
- Maximum Refund Guarantee. File with confidence knowing the software calculates the highest possible refund or lowest tax liability based on your provided information.
- Accuracy Guarantee. Protect yourself with a guarantee that covers any penalties or interest resulting from software calculation errors during your filing process.
- Deduction Sneak Peek. Track your refund status in real-time as you enter information so you can see exactly how each entry affects your bottom line.
- ProHelp Support. Connect with tax professionals for one-on-one screen sharing and advice to resolve specific questions about your unique tax situation.
Pricing Comparison
LiveKeeping Pricing
- 1 Tally Serial Number
- Unlimited Companies
- Real-time Data Sync
- Sales & Purchase Reports
- WhatsApp Integration
- Check-in/Check-out features
- Everything in Individual, plus:
- Additional user access
- Advanced data permissions
- Priority customer support
- Enhanced analytics
- Multi-device login
TaxAct Pricing
- W-2 income filing
- Unemployment income
- Retirement income
- Child tax credits
- Stimulus credits
- Prior year data import
- Everything in Free, plus:
- Itemized deductions
- Mortgage interest reporting
- Student loan interest
- HSA contributions
- Real estate taxes
Pros & Cons
LiveKeeping
Pros
- Seamless integration with existing Tally ERP setups
- User-friendly interface that simplifies complex accounting data
- Fast WhatsApp sharing for invoices and reminders
- Reliable real-time notifications for new transactions
Cons
- Requires Tally to be running for data sync
- Occasional sync delays during heavy data loads
- Limited advanced editing capabilities compared to desktop
TaxAct
Pros
- More affordable than major name-brand competitors
- Intuitive interface for simple tax situations
- Easy import of data from other providers
- Clear visibility of refund status throughout
Cons
- State filing fees are charged separately
- Customer support response times vary during peak
- Upselling prompts can be frequent during filing