GainsKeeper Review - why 3.4 stars?

GainsKeeper Review
ITQlick Score: 92/100
ITQlick Rating: (3.4/5)
Pricing: 6.4/10 - high cost
Category: Business tax -> GainsKeeper
Ranking:Ranked 2 out of 65 Business tax systems
Company: Wolters Kluwer Financial Services
Pricing: starts at $69 per license
Typical customers: Small, medium and large size businesses
Platforms: Desktop
Links: GainsKeeper pricing, GainsKeeper alternatives

Shlomi LaviShlomi Lavi / updated: Jul 15, 2020

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What is GainsKeeper?

GainsKeeper is a tax management and financial services software solution for personal and business use. The software was designed and launched by Wolters Kluwer N.V., headquartered in Netherlands. It provides investors with various useful trade decision tools to maximize the after-tax returns.

What is GainsKeeper rating? ()

The rating of GainsKeeper is 3.4 stars out of 5 and the total score is 92 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are GainsKeeper's typical customers?

GainsKeeper is a useful solution for individual brokers as well as companies. The software is a particularly viable solution for investors, accountants and financial advisors working in big and small businesses. Different editions of the software cater the needs of individual users and organizations.

Basically if you are into any business that needs financial management and tax dealings, GainsKeeper can be a viable solution for you. The software offers reliable tax and investment calculation to maximize the savings on tax returns. Major industries that use this software include accounting, corporate service, transport operations, financial services, and others.

The software has thousands of clients around the world and the company has been operating in over 150 countries.

Is GainsKeeper the best Business tax?

GainsKeeper is ranked 2 out of 65 software in their category (Business tax systems).

What are their main features and functionalities?

For financial advisors and accounts, the software offers various tools to manage the tax lot accounting services of their clients. This includes tax lot matching, processing wash sales, and adjusting cost basis for corporate actions. The software automatically adjusts the corporate action adjustments, saving the tedious manual calculations.

For the purpose of portfolio optimization, the software provides various trading strategies in order to maximize the after-tax returns of the clients. You can also easily generate schedule D for tax filing. GainsKeeper provides integration and compatibility with most of the popular tax preparation solutions and allows you to export your tax information to other systems.

With this software you can create custom gain and loss reports. Additionally, you can download various free tax forms that suite your needs.

What are GainsKeeper's pros? (5 Pros)

  • The software provides different editions for individual investors and accountants working in companies.
  • GainsKeeper provides compatibility and integration with most of the major tax preparation systems such as CompleteTax, TurboTax and others.
  • You can generate realized gain and loss report for accurate Schedule D information.
  • The software supports major formats for report creation including HTML, PDF and others.
  • For investors and brokers, the software offers the important facility of pre-trade analysis.

What are GainsKeeper's cons? (2 cons)

  • Core features of the software do not include depreciation and donations calculations.
  • Reporting services of the software do not include wash sale reporting.

Who are their main alternatives?

Two important competitors of GainsKeeper are Complete Tax Premium Online and Tradelog. Complete Tax Premiums shares a lot of common functionality with GainsKeeper. For instance, both systems provide step by step guidance for the tax preparation and allow you to download various tax forms for free.

Both solutions offer federal as well as state preparation services. Complete Tax Premium allows you to file your tax online as well as print them and manually mail them. Various kinds of incomes are taken into accounts such as investments and retirement income. Online deployment models increases the flexibility so that you can use the system from anywhere.

The other competitor, Tradelog, offers a wider support for online brokers, although the core features of the two systems remain the same. The software provides you the facility of importing an entire year of trade history to be used in tax preparation and calculation.

Features of Tradelog that are not available on GainsKeeper include wash sale reporting and mark to market accounting. Both solutions offer IRS ready tax reporting, performance analysis, management of trade history, and technical support. 

What is the cost of GainsKeeper?

The cost of license starts at $69 per license. On top of the total cost of licenses which is easy to calculate - what is the REAL total cost of implementation? You need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 6.4 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for GainsKeeper

What should you ask Wolters Kluwer Financial Services during a demo session? (65 questions)

Schedule a demo with GainsKeeper and access 65 must ask questions for the vendor while watching GainsKeeper in action. Visit the vendor's website here.

GainsKeeper's list of categories:

Business tax

GainsKeeper's list of features:

Business Owner / Self Employed
Income Tax Prep
Investment and Rental Property
Payroll/1099
Property Tax
Sales and Use Tax

GainsKeeper Vs. Alternatives

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing pricing Score is a 1 to 10 score, based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality
Review
Compare
GainsKeeper
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
92/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6.4/10
License pricing license pricing (if provided by the software vendor)
$69 per license
Functionality
7
Compare
TurboTax
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
94/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
3.6/10
License pricing license pricing (if provided by the software vendor)
$60 per license
Functionality
7
ezTaxReturn
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
91/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6.6/10
License pricing license pricing (if provided by the software vendor)
$19.95 per license
Functionality
10
TurboTax
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
91/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5.6/10
License pricing license pricing (if provided by the software vendor)
$29 per user/month
Functionality
4
BNA
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
87/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6.4/10
License pricing license pricing (if provided by the software vendor)
$1,150 per year
Functionality
7
Review
Author
Shlomi Lavi - admin

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.