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albert
@thatguyintech
has anyone here tried finding crypto tax software that can do ~100K transactions is koinly the play here
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andrew duca
@duca
Koinly is great, just very manual (cheaper software, more labor is the tradeoff they make).
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albert
@thatguyintech
got it im just shocked at how few options there are out of the box need to learn more about the challenges of transaction indexing and revenue recognition
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andrew duca
@duca
Yeh I think it’s bc there aren’t a ton of web3 businesses as customers (so not a ton of products to cater to them). There are enterprise solutions that generally cost cost $25-100k a year. There were a few a while ago that went bankcrupt. Focused on smaller crypto startups. Consumer tax products run profitably tho (like Awaken, and koinly) so they can start to tack on the b2b offering.
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albert
@thatguyintech
what’s the biggest technical challenges for the >10k transactions range?
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andrew duca
@duca
It’s not really that challenging awaken helps people with up to 300k txns right now. But we have caps on specific wallets. To run the algorithms over the data tho is slow (we have special infra provisioned for the larger work loads). And charge according to that.
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