Wave is a free invoicing and bookkeeping platform built primarily for US and Canadian small businesses — its free tier covers manual bookkeeping well, with automatic bank feeds on its paid Pro plan. 2Fin works wherever you file: a federal income-tax estimate for Canada and the United States (in the US, one kind of income at a time) alongside Australia, the UK and India, Canada’s GST34 with provincial HST rates, CRA capital cost allowance, and GST, VAT or sales tax on record for 88 countries — plus the ability to query your finances through ChatGPT and Claude. Both put automatic bank-feed categorisation on a paid tier, so the question is how much of the tax work you want done for you.
Built differently where it counts — here is how.
Wave is genuinely free, and genuinely manual once the feed lands. Each row here is categorised on arrival and names its own source, so free does not have to mean an evening of sorting.
Canada’s GST34 with provincial HST rates, CRA capital cost allowance and a federal T1-shaped estimate; IRS-labelled deduction exports and MACRS depreciation in the US; the UK, India and Australia (with BAS) alongside, with GST, VAT or sales tax on record for 88 countries. Wave’s reports are built around US and Canadian sales tax.
Connect a feed with a key you own — SimpleFIN for US banks, or BankSync — on any plan, and on Premium Fin categorises every transaction as it arrives, read-only and authorised by you. Wave’s automatic bank import is on its Pro plan.
Every transaction is scanned for claimable expenses as it arrives, rather than waiting for a report you run yourself. 2Fin helps you find and organise potential deductions; always confirm eligibility with your accountant or tax authority.
Ask ChatGPT or Claude questions about your real finances — what you spent, what looks deductible, who still owes you.
The same situation, in both
You invoice clients across two provinces and file a GST/HST return each quarter.
Wave’s sales-tax reports list the tax on your invoices, with automatic bank import on its Pro plan at about US$19 a month.
Fin tracks GST or HST on every transaction, at your province’s rate, and prepares the GST34 from them, with CRA capital cost allowance on equipment and a federal T1-shaped estimate showing where the year is heading.
Pricing snapshot: Wave’s Starter plan is free with manual bookkeeping and invoicing; its Pro plan (automatic bank import, live support) runs about US$19/month, with receipt scanning a further add-on on either plan — see waveapps.com for current pricing; 2Fin starts free for your own records, with bank feeds and automatic categorisation on Premium (US$23/month).
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 yourselfWave is built primarily for the US and Canadian markets, with tax reports designed around their sales taxes. 2Fin covers both of those and Australia too — GST per transaction, BAS figures and the ATO myDeductions layout — with the UK and India alongside. 2Fin helps you find and organise potential deductions; always confirm eligibility with your accountant or tax authority.
Wave’s Starter plan is genuinely free for manual invoicing and bookkeeping. Receipt scanning is a paid add-on on both of its plans, and automatic bank-feed import is on its paid Pro plan. 2Fin’s free plan gives you your dashboard, categories and every transaction you record, plus live feeds from your own sheet or bank-feed provider account, with automatic categorisation on Premium.
Wave is a manual-first ledger built for US and Canadian small businesses. 2Fin is expense intelligence that works across borders: GST, HST or VAT per transaction, activity statements in five countries and income-tax estimates in five, with automatic bank-feed categorisation and deduction surfacing on Premium, plus the ability to query your finances through ChatGPT and Claude.
Wave is a hosted app, so your books live on its servers. 2Fin runs as a hosted service too, and also ships as a desktop app for Windows (macOS and Linux to follow) where your database and receipts are files in a folder you own — you can open it, copy it and back it up, and the free plan needs no account. The desktop app lists every outbound request it makes, with a switch for each connection, and if you bring your own provider key or run a local model, nothing of yours has to reach 2Fin’s servers at all.
The parts of 2Fin behind the comparison above — what each one does for you, and how it reaches the answer.
Ten real transactions walked through the categorisation chain, so you can see why each one landed where it did rather than take it on trust.
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.
Tax treatment & activity statementGST and tax treatment worked out line by line as transactions arrive, and the activity-statement view that follows from them.
Budget allocationsBudgeting that looks forward rather than back — set a limit per category and see what is left before you spend it.
AU sole-trader banking + done-for-you tax (now part of Tyro)
vs RoundedAU sole-trader invoicing and bookkeeping
vs TofuIntelligent document extraction for accounting firms
vs DextReceipt and invoice capture for accountants and bookkeepers
vs HubdocXero’s document capture and statement fetching
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Get 2Fin free →See all comparisons, or explore free tax tools.
