GainsKeeper Review

Let our Business tax Software Experts help you find the right Software for your Business!

Last updated: Jul 15, 2020

GainsKeeper Review

ITQlick rating
(3.4/5)

Starting from $69 per license

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 i...

  • Categories :

    • Business tax

Shlomi Lavi / updated: Jul 15, 2020

What is GainsKeeper Used For?

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.

Average Rating -

The rating of GainsKeeper is 3.4 stars out of 5. The rating is based on ITQlick expert review.

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.

Features

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.

GainsKeeper 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.

GainsKeeper 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.

Competitors & 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. 

GainsKeeper Pricing Information

The cost of license starting from $69 per license. The experts at ITQlick has reviewed GainsKeeper pricing and gave the software a total cost of ownership (TCO) rating of 6.4 out of 10. Custom price cost for your business is available upon request.

Questions to ask the vendor during a demo

Schedule a demo and access 25 must ask questions for the vendor while watching GainsKeeper in action

GainsKeeper Categories

Business tax

Specifications

Company:
Address: Saint Cloud, MN
Website:https://www.gainskeeper.com/
Customers: Small business, Medium business, Large business
Business Area: Cross Business Areas
Platforms: Desktop
Operating Systems: Mac OS, Windows, Linux

GainsKeeper 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
ITQlick score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing score 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)
Hosting
Functionality score
Fit small business
Fit medium business
Fit large business
Software review
Compare
GainsKeeper
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
92/100
Pricing score 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
Hosting
NA
Functionality score
7
Fit small business
Fit medium business
Fit large business
Software review
TurboTax
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
94/100
Pricing score 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
Hosting
Cloud
Functionality score
7
Fit small business
Fit medium business
Fit large business
Software review
ezTaxReturn
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
91/100
Pricing score 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
Hosting
NA
Functionality score
10
Fit small business
Fit medium business
Fit large business
Software review
TurboTax
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
91/100
Pricing score 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
Hosting
NA
Functionality score
4
Fit small business
Fit medium business
Fit large business
Software review
BNA
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
87/100
Pricing score 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
Hosting
NA
Functionality score
7
Fit small business
Fit medium business
Fit large business
Software review