AI2Fin vs Tofu — US$0 to start, US$23 a month for the owner’s toolkit, on your own machine if you like

For a one-person business, just 2Fin: it takes your bank feed and receipts, categorises and GST-splits every transaction, and hands your accountant coded entries — pushed to Xero or QuickBooks Online with the receipt attached (beta), or as the accountant pack for the year. Tofu is a tool an accounting firm buys for itself, at US$79 a month and up, to extract data from the documents its clients send in. If your accountant already uses Tofu inside their practice, that is their subscription, not yours; what you send them from 2Fin arrives already coded, so there is simply less for their extraction step to do. You would not buy both.

Coded transactions instead of raw documents. In Xero or QuickBooks Online they see the entries you chose to push — a Spend or Receive Money, or a Purchase or Deposit — with the account code applied and the receipt PDF attached to the line. Outside the ledger, you can hand them the accountant pack for a financial year: a typed XLSX workbook, a one-page PDF summary and a zip of receipts. If they are on 2Fin’s Practice workspace and you accept their invitation, they can also read a bounded summary of your year — totals by category, deductible totals, unmatched receipts, connected ledgers — with every read logged for you to see, and you can revoke it at any time. They never get a login to your account, and nothing is pushed unless you push it.

Yes, in beta. 2Fin’s direct connectors read your chart of accounts and the last twelve months of coding to propose rules, then push each transaction you choose as a coded Spend or Receive Money in Xero, or a Purchase or Deposit in QuickBooks Online, with the receipt attached. Tofu’s push is mature and firm-oriented; it is the centre of that product. For MYOB, 2Fin produces a CSV the file can import.

No. Tofu works from documents — it can extract transactions from a bank-statement PDF, but it does not hold a bank connection. With 2Fin you connect a feed yourself with a key you own — BankSync or SimpleFIN, or Akahu, Up Bank, Monzo or Starling in the desktop app — or upload CSV or XLSX statements, or point Fin at a Google Sheet. Bank-feed transactions can then be pushed to your ledger like any other.

Tofu reads 200+ languages including handwriting, which matters for a firm receiving documents from every client. 2Fin reads receipts in any language or script and keeps the merchant name exactly as printed, in its original script, with a translation beside it, so the record still matches what is printed on the receipt — useful when you travel or buy from overseas suppliers and want to find that transaction again.

Tofu is sold to accounting and bookkeeping firms, with pricing per firm and unlimited client entities. If you are not running a practice, 2Fin is built for you directly, starts free, and the transactions you keep in it can be exported or pushed to the ledger your accountant already uses.

They help different people at tax time. Tofu speeds up the firm’s data entry so the ledger is complete. 2Fin keeps GST separated per transaction, tracks travel and vehicle deductions, and produces activity statements for Australia, the UK, Canada, New Zealand and Singapore and accountant exports for every country on record, so what reaches your accountant is already organised. 2Fin helps you find and organise potential deductions; always confirm eligibility with your accountant or tax authority.