TaxTank and 2Fin are built for the same person: someone with a salary, a side business, perhaps a property, who wants to know where the year is heading before June. TaxTank does it with a set of Tanks you switch on, each a structured Australian tax workspace. 2Fin does it from the transactions themselves: each one categorised, tax-treated and GST-captured as it arrives, with the BAS and the refund estimate falling out of that, and the whole thing able to live in a folder on your own computer.
Built differently where it counts — here is how.
On ELITE+, Fin prepares the Business Activity Statement from your categorised transactions: G1 to G20, 1A and 1B, W1 and W2, with every figure traceable to the lines behind it and anything without a treatment flagged for a look. You lodge it through the ATO, myGov or your agent. TaxTank prepares BAS through Sole Tank as well; the difference is that in 2Fin the treatment is set on the transaction as it lands, not allocated afterwards. 2Fin helps you find and organise potential deductions; always confirm eligibility with your accountant or tax authority.
Salary and wages, sole-trader profit and net rental income in one live estimate, after work-related deductions and PAYG withheld, with the Medicare levy, the low income tax offset and HELP. TaxTank builds its live tax position from the Tanks you activate; 2Fin builds it from the categorised transactions, so a purchase you tag as work-related moves the number the same day. 2Fin helps you find and organise potential deductions; always confirm eligibility with your accountant or tax authority.
TaxTank is a hosted portal, which suits a shared workspace with an accountant. 2Fin runs in the cloud too, and also as a free desktop app that keeps your database and receipts in a folder you own, with an outbound record of every request that leaves. The choice is yours per device.
Photograph a receipt, or forward it by email or WhatsApp on AUTO+, and Fin reads it in any language or script, keeps the merchant name as printed with a translation beside it, and matches it to the transaction. Every categorisation carries the reason it was made, and you can change any of it.
TaxTank’s Sole Tank creates quotes and invoices. 2Fin takes the other route: invoice in Xero, QuickBooks, MYOB, Stripe, Square or a PDF template, record what each client owes or upload the invoice, and Fin matches the payment when it lands, counts it as income with its GST and updates the estimate. Connect your assistant to both and it can draft the next invoice in your tool from what 2Fin knows.
TaxTank is built for the Australian tax system. 2Fin is deepest in Australia and runs the income-tax estimate in the United Kingdom, the United States, Canada and India as well, with GST, VAT or sales tax on record for 88 countries and the VAT and GST returns prepared for the UK, Canada, New Zealand and Singapore.
The same situation, in both
You are a salaried designer with freelance clients on the side. The phone bill lands: part work, part business, part private.
In TaxTank you record the work share in Work Tank and the business share in Sole Tank, and the live tax position updates with both. At quarter end, Sole Tank manages the GST and the BAS, and your accountant can be invited into the same workspace.
In 2Fin the bill arrives from your feed, you set the three shares once, and each line carries its own tax treatment and GST: the work share toward your deductions, the business share onto the BAS at G11 and 1B, the private share reported at G15 rather than dropped. The refund estimate moves the same day, and at quarter end the BAS is already prepared for you or your agent to lodge.
TaxTank is priced per Tank and billed annually: Work and Sole Tanks about A$9 a month each, Property Tank A$15, Holdings and Money Tanks A$6, with discounts for bundling and a 14-day trial, no free tier — see taxtank.com.au/pricing for current figures. 2Fin has a free plan with no card; Premium is US$23 a month for receipt reading, automatic categorisation and tax exports, and ELITE+ is US$42 a month for the BAS, VAT and GST statements, the asset register and the Xero push.
Based on publicly available information. Competitor features and pricing may change — verify directly.
Three things you notice in the first week with 2Fin, whichever tool you are coming from.
A 3D calendar of every transaction in six layouts on every plan, and on ELITE+ an expense terrain, a pattern map and a cash-flow Sankey you can turn and zoom.
Interactive views →Each category projects where you will land from what you have spent so far, flags what is running ahead and suggests limits from your real spending — free.
Budget allocations →An Integrations API, API keys, signed webhooks and an MCP server, documented end to end — and invoices from any tool, tracked to paid.
For developers →Both are good tools — the right pick depends on what your business needs most.
2Fin is free to start. Premium is US$23 a month (US$222 a year), ELITE+ is US$42 a month (US$432 a year) and AUTO+ is US$54 a month (US$555 a year), billed in US dollars.
Hover, tap or tab to any underlined feature to learn more.
For getting every record in one place, at no cost.
Included
For employees and sole traders who want every deduction found and the busywork done.
Everything in Free, plus
For businesses and accountants who lodge, report and keep the books.
Everything in Premium, plus
For owners who want receipts and reports to arrive on their own.
Everything in ELITE+, plus
Swipe to see every plan
| Feature | FREEUS$0 | PREMIUMUS$23 / month | ELITE+US$42 / month | AUTO+US$54 / month |
|---|---|---|---|---|
| Capture | ||||
| Statement uploads into bucketsCSV, Excel or PDF. On the free desktop app, statements come in through the CSV import instead | Included | Included | Included | Included |
| Live feeds from your own sheet or bank-feed accountA Google Sheet, or a provider account you hold such as SimpleFIN or BankSync | Included | Included | Included | Included |
| Photo and PDF receipts, read and matchedRead in the language they are printed in | Not included | Included | Included | Included |
| Forward receipts by email | Not included | Not included | Not included | Included |
| Organise | ||||
| Transactions, categories and bills in one placeIncluding recurring payments | Included | Included | Included | Included |
| Upcoming bills, pay days and money you are owedPayments matched to what you are owed as they land | Included | Included | Included | Included |
| Budgets against what you actually spent | Included | Included | Included | Included |
| Travel and vehicle trips | Included | Included | Included | Included |
| Properties: what each one really costsRented, business and private parts | Included | Included | Included | Included |
| Automatic categories | Not included | Included | Included | Included |
| Your own categorising rules | Not included | Included | Included | Included |
| Spending and bills analytics | Not included | Included | Included | Included |
| Views by project, client or tax purposeCalled Lenses in the app; the Properties lens is built in on every plan | Not included | Not included | Included | Included |
| Tax | ||||
| Tax analysis that knows your situation | Not included | Included | Included | Included |
| Tax exports, including ATO myDeductions | Not included | Included | Included | Included |
| Tax reports and summaries | Not included | Not included | Included | Included |
| BAS, VAT and GST statements | Not included | Not included | Included | Included |
| Asset register, depreciation, profit & loss and TPAR | Not included | Not included | Included | Included |
| Property write-offs and scheduleDepreciation, capital works, a schedule for your accountant | Not included | Not included | Included | Included |
| Automate | ||||
| Ask Fin about your money | 25 messages a month | Unlimited | Unlimited | Unlimited |
| Fin reads the files you upload | Not included | Included | Included | Included |
| Fin, your assistant, with its own workspace | Not included | Not included | Included | Included |
| Your week in review, on the dashboard | Included | Included | Included | Included |
| Signed webhooks for Zapier, Make and n8n | Not included | Not included | Not included | Included |
| Reports emailed on the schedule you set | Not included | Not included | Not included | Included |
| Share | ||||
| Push to Google Sheets, Excel, Notion or AirtableBank-feed transactions included | Not included | Not included | Included | Included |
| Send transactions to Xero or QuickBooks OnlineCoded, with the receipt attached | Not included | Not included | Included | Included |
| Practice workspace for accountantsYour clients can be on any plan | Not included | Not included | Included | Included |
| Connect Claude or ChatGPT, with the access you approveWhat they can read follows your plan | Included | Included | Included | Included |
| Desktop app, with your data on your machine | Included | Included | Included | Included |
Enterprise-grade data control is the default here — on every plan.
Your records can stay on your own machine or in your own cloud, telemetry stays off unless you turn it on, and Fin keeps an auditable record of everything it sends. Enterprise adds the people and the paperwork: dedicated support, custom deployment and reviews for large-scale operations.
Verify it yourselfYes. On ELITE+, Fin prepares the Business Activity Statement from your categorised transactions, every label filled and every figure traceable to the lines behind it, printable and ready to lodge through the ATO, myGov or your registered agent. TaxTank prepares BAS through its Sole Tank. The difference is where the work happens: in 2Fin each transaction carries its tax treatment from the day it lands, so the statement is a review rather than an allocation exercise. 2Fin helps you find and organise potential deductions; always confirm eligibility with your accountant or tax authority.
Bring the invoicing tool you already use. Invoice in Xero, QuickBooks, MYOB, Stripe, Square or a PDF template, record what the client owes or upload the invoice, and Fin matches the payment when it lands, counts it as income with its GST and updates your tax estimate. Connect your assistant to 2Fin and to your invoicing tool and it can draft the next invoice there from what 2Fin knows. TaxTank creates quotes and invoices inside Sole Tank, which suits you if you want them in the same place as the BAS.
Both keep one running position across employment and self-employment, and both show the Medicare levy and offsets. 2Fin builds it from the transactions, so a receipt you photograph or a line you tag as work-related moves the estimate the same day, and the business profit on the BAS and the business profit in the estimate come from the same records. TaxTank builds it from the Tanks you activate, and adds automated capital gains from shares and crypto, which 2Fin handles from imported trade history; interest and dividends are not yet part of the refund estimate. 2Fin helps you find and organise potential deductions; always confirm eligibility with your accountant or tax authority.
Both handle a rental property. TaxTank’s Property Tank calculates depreciation, capital gains and negative gearing for up to several properties. 2Fin tags each property’s transactions by use with shares dated from the day they apply, keeps loan interest per property, works depreciation through the asset register, and on ELITE+ prepares a rental schedule for your accountant. If you own several investment properties with complex capital gains, TaxTank’s dedicated calculator is a genuine strength; if the property sits beside a job and a business, 2Fin keeps all three in one set of records. 2Fin helps you find and organise potential deductions; always confirm eligibility with your accountant or tax authority.
With 2Fin, yes: the free desktop app keeps your database and receipts in a folder on your own computer, works offline, needs no account to start, and shows an outbound record of every request that leaves the machine. TaxTank is a hosted portal, which is what makes its shared accountant and co-owner workspace possible. Many people use 2Fin on the desktop for the records and hand the Accountant Pack over at year end.
2Fin has a free plan with no card: statement uploads, feeds you connect with your own key, every transaction categorised, budgets, Upcoming bills and money owed, trips and the desktop app. TaxTank offers a free trial for two weeks and then prices each Tank separately, billed annually, with discounts for bundling several.
The parts of 2Fin behind the comparison above — what each one does for you, and how it reaches the answer.
GST and tax treatment worked out line by line as transactions arrive, and the activity-statement view that follows from them.
Invoicing with any toolKeep the invoicing tool your clients already pay; Fin tracks what each one owes and matches the payment when it lands — and your assistant can draft the next invoice.
Rental property, split by useOne address split into rented, business and private shares, with its bills and assets tied to it and a schedule that follows your country’s rental form.
Asset register & depreciationLog a purchase once: the effective life, each year’s decline and your private-use share are carried for you as separate columns.
Working from homeHome-office costs sorted as they happen, Australia’s fixed rate and actual costs side by side, and the rules for the country you file in.
How Fin decidesTen real transactions walked through the categorisation chain, so you can see why each one landed where it did rather than take it on trust.
Self-hosted, double-entry personal finance manager
vs Reckon OneAustralian small-business accounting with payroll and invoicing
vs SureOpen-source, self-hosted net worth and budget tracker (formerly Maybe)
vs LodgeProAustralian tax lodgement with accountant review
vs FreeAgentUK accounting for sole traders and small companies (NatWest Group)
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