The best alternative to Microsoft Money
Microsoft Money was once a trusted tool for Australians wanting to manage their personal finances, but with the software discontinued, it’s time to look at alternatives that offer modern features and smarter financial management.
Enter TaxTank – a next-generation platform that simplifies not just your tax obligations but your entire financial picture. Here’s why TaxTank is the best alternative to Microsoft Money for Australians who want control, clarity, and convenience.
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Why you need an alternative to to Microsoft Money
Microsoft Money provided basic finance tracking and budgeting tools, but it fell short in areas like real-time tax management, investment tracking, and automation. Now that the software is no longer supported, users need an alternative that covers the basics and delivers enhanced features to manage personal finances, property investments, and taxes effortlessly. TaxTank does all of this and more, making it the natural choice for Australians looking to upgrade their financial management.
TaxTank goes beyond simple budgeting
Unlike Microsoft Money, which focused on basic budgeting, TaxTank offers a holistic approach to managing your money. It combines personal finance tools with tax management, investment tracking, and automation, giving you a complete view of your finances in one place.
Real-Time Tax Management
Microsoft Money didn’t provide much in the way of tax tracking. With TaxTank, you can monitor your tax obligations throughout the year, rather than waiting until EOFY. This means better financial planning and fewer surprises come tax time.
Comprehensive Budget Management
TaxTank lets you categorise and track your spending with ease. Its budgeting features integrate seamlessly with tax data, giving you a full view of your finances while helping you maintain control over income, expenses, and savings goals.
Detailed Financial Reporting
TaxTank provides robust reporting tools that go beyond basic accounting. Whether you’re forecasting taxes, reviewing investment performance, or tracking property returns, TaxTank offers insights that empower smarter decisions.
Automation to Save Time
Microsoft Money required a lot of manual entry and had limited automation. TaxTank integrates with over 140 banks using Open Banking, automatically tracking transactions and allowing you to set bank rules that allocate recurring payments automatically. This saves time and reduces errors, giving you more freedom to focus on your financial goals.
It's literally about 10 minutes a week to allocate transactions and I'm on top of my paperwork which means no more spreadsheets or tax time stress.”
Australian Owned and Built
TaxTank is proudly Australian-owned and designed with local taxpayers in mind. From automated bank feeds to tracking investments and managing tax obligations, it’s tailored to the way Australians handle money. Unlike Microsoft Money, TaxTank aligns with local rules and ATO requirements, giving you confidence and clarity in every financial decision.
Why TaxTank is the best alternative to Microsoft Money
If you’re looking to replace Microsoft Money, TaxTank is by far the most complete option for Australians today. It doesn’t just cover what Microsoft Money offered – it goes much further, combining personal finance, investment management, and tax tracking in real-time.
1. Affordable Pricing
Starting from $6* per month, TaxTank offers value that goes far beyond its cost.
2. ATO Compliance
TaxTank aligns with ATO guidelines, keeping your tax obligations on track.
3. User-Friendly Interface
Simple and intuitive, TaxTank lets you manage finances without being an accountant.
Sign up for TaxTank and experience why it’s the best alternative to Microsoft Money. With a 14-day free trial and pricing from $6* per month, it’s easy to get started and take control of your financial future.
How TaxTank Compares to Microsoft Money
If you’re looking for an alternative to Microsoft Money, TaxTank is by far the most comprehensive and user-friendly option available in Australia today. Not only does it cover everything Microsoft Money once offered, but it goes much further, providing tools that help you manage your personal finances, track your investments, and stay on top of your tax obligations in real-time.
TaxTank
- Real-Time Tax Management
- Comprehensive Budgeting Tools
- Live bank feeds through Open Banking
- Automated expenses allocation on bank transactions
- Property Investment Tools
- Capital Gains & Depreciation
- Complete oversight of your whole tax position
- Permanent document storage
- Tax deductible fees
TaxTank
Microsoft Money
TaxTank
- Real-Time Tax Management
- Comprehensive Budgeting Tools
- Live bank feeds through Open Banking
- Automated expenses allocation on bank transactions
- Property Investment Tools
- Capital Gains & Depreciation
- Complete oversight of your whole tax position
- Permanent document storage
- Tax deductible fees
TaxTank
Microsoft Money
TaxTank
- Real-Time Tax Management
- Budgeting Tools
- Live Bank Feeds
- Automated expenses
- Automated depreciation
- Capital Gains Tax Calculator
- Complete tax oversight
- Document storage
- Tax deductible fees
TaxTank
M Money
It's easy to get started
Our pricing starts from as little as $6 per month and is customisable so you only pay for the Tanks that suit your individual needs. TaxTank is also 100% tax deductible 😉 so it’s a win, win.
- Free Trial
- No Credit Card Required
- Cancel Anytime
PROPERTY TANK
Manage property income and expenses
$15/month*
WORK TANK
Manage work income and expenses
$9/month*
SOLE TANK
Manage sole trader income and expenses
$9/month*
MONEY TANK
Manage budgets, cash flow and financial goals
$6/month*
HOLDINGS TANK
Manage CGT for shares, crypto and other assets
$6/month*
SPARE TANK
Upload important documents and receipts
FREE WITH ANY PAID TANK
Frequently asked questions
Yes. TaxTank offers everything Microsoft Money did, plus real-time tax tracking, automated bank feeds, and tools for property investors.
Absolutely. Track your tax obligations in real-time, plan ahead, and avoid end-of-year surprises.
Yes. With capital gains tax calculations, depreciation schedules, and investment tracking, it’s built for investors.
We partner with Basiq, one of Australia’s largest providers of Open Banking, so we now have access to over 180+ banks. As more come onboard with the Open Banking protocols, they will automatically get added to TaxTank.
Yes! The rules say expenses relating to preparing and lodging your tax return and activity statements include the costs of purchasing software to allow the completion and lodgement of your tax return. You must apportion the cost of the software if you also used it for other purposes.
If you’re talking about our built in smart tools, yes! If you’re talking about document retention, yes! If you’re talking about data integrity, yes! We take the rules and make them simple.
OMG no, the sooner the better! If you start later in the tax year you can easily import earlier bank account transaction to ensure nothing is missed.
You bet ya, we have an onboarding checklist to help you get started. Plus there are loads of video tutorials and support articles available directly in the help section. Don’t worry, we have thought of everything.
TaxTank officially starts from the 2020-21 financial year so you can most certainly go back and add data from those years if needed.
You can also add as many documents you want to from previous years to cover all bases.
Getting started with TaxTank is easy. Simply sign up for a 14 day trial, connect your bank accounts, set up your automated bank rules and let TaxTank do the work!
