The best alternative to YNAB in Australia
YNAB is a popular budgeting app built around giving every dollar a job.
But for Australians, there is one major limitation: YNAB does not provide direct bank feeds for Australian financial institutions.
TaxTank combines budgeting with live Australian Open Banking feeds, property and investment management and automatic individual tax calculations.
- 14 Day Free Trial
- No Credit Card Required
TaxTank or YNAB: the short answer
Choose YNAB if you want to follow its hands-on zero-based budgeting method and are comfortable importing Australian bank transactions manually.
Choose TaxTank if you want live Australian bank feeds, automated transaction allocation and budgeting connected with your tax, properties, business and investments.
YNAB helps you plan how to spend your money.
TaxTank manages your complete financial position and calculates what it means for your tax.
Ready to take control of your finances? Sign up for TaxTank today and see for yourself why it’s the best alternative to YNAB in Australia.
TaxTank vs YNAB
The most important question is not whether both platforms can import bank transactions.
It is what happens after those transactions arrive.
YNAB
- US-based budgeting app
- No direct Australian bank feeds
- Manual or file-based transaction imports
- Zero-based budgeting method
- Personal spending focus
- No Australian tax calculation
- No dedicated property tax tools
- No dedicated investment tax tools
- $109 USD per year
TaxTank
- Australian tax and personal finance software
- Open Banking with 180+ Australian institutions
- Transactions imported automatically
- Flexible budgets, bills and financial goals
- Personal finance, property, business and investments
- Automatic live individual tax calculation
- Depreciation, negative gearing and property CGT
- Shares, cryptocurrency and CGT calculations
- Money Tank costs $72 AUD per year
This comparison was reviewed in September 2026 using publicly available product information. Features and pricing may change.
Built for Australian banks and Australian tax
YNAB’s direct bank imports currently support selected banks in the United States, Canada, the United Kingdom and Europe.
Australians need to enter transactions manually, upload transaction files or use a separate third-party bank-feed service.
TaxTank connects directly with more than 180 Australian financial institutions through Open Banking.
Your transactions arrive automatically and can be allocated to personal spending, work deductions, business activities, properties or investments.
As your financial information changes, TaxTank automatically updates your live individual tax position.
No manual bank files. No separate tax spreadsheet. No waiting until tax time to understand the result.
More than a budgeting app
Tracking your income, spending and budget is useful. Automatically calculating what they mean for your tax is better.
Money Tank manages budgets, bills, financial goals, assets and liabilities. Add the relevant Tanks when you need to manage employment, sole trader activities, investment properties, shares or cryptocurrency.
Everything connects to the same individual tax position.
YNAB helps you decide what your money is for.
TaxTank shows where your money went, where you stand and what it means for your Australian tax.
Compare the cost of managing your money
YNAB currently costs $109 USD per year or $14.99 USD per month. Australian customers also need to consider currency conversion and any separate service used to connect Australian bank accounts.
Money Tank costs $72 AUD per year, equivalent to $6 per month paid annually.
It includes Australian Open Banking feeds, transaction categorisation, budgets, bills, financial goals and broader financial visibility.
Add the Tanks you need when you want TaxTank to calculate tax across employment, business, properties or investments.
- 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
Can TaxTank replace YNAB?
Yes.
If you use YNAB to manage spending, create budgets, plan for bills and allocate money towards goals, Money Tank provides the core personal finance tools you need with Australian bank feeds already included.
TaxTank then goes further by connecting your personal finances with your complete Australian individual tax position.
If you want a hands-on budgeting method and do not mind manually importing transactions, YNAB may suit you.
If you want Australian automation, connected finances and live tax calculations, TaxTank is the clear choice.
What Property Investors say about Australia’s first software built to calculate property tax in real time
TaxTank helps property investors replace spreadsheets, receipt folders and disconnected property apps with one live view of their portfolio, performance and tax.
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.”
Frequently asked questions
Yes. TaxTank is the best YNAB alternative for Australians who want live bank feeds, automated transaction allocation and personal finance connected with Australian tax calculations.
No. YNAB does not currently provide direct imports for Australian banks. Australian users must enter transactions manually, upload transaction files or use a separate third-party service.
Yes. TaxTank connects to more than 180 supported Australian financial institutions through Open Banking.
No. YNAB is a budgeting platform and does not calculate Australian individual tax.
TaxTank automatically calculates your tax across employment, sole trader activities, investment properties, shares and cryptocurrency.
Money Tank costs $72 AUD per year. YNAB currently costs $109 USD per year, excluding any currency conversion or third-party Australian bank-feed costs.
Yes. You can create a free TaxTank account, connect your Australian bank accounts through Open Banking and begin categorising transactions in Money Tank.
Go beyond budgeting
Planning where every dollar should go is useful. Automatically importing your transactions and calculating what they mean for your tax is better.
TaxTank combines flexible budgets, bills and financial goals with Australian Open Banking, property, business and investment tools and live individual tax calculations.
No manual bank files. No separate tax spreadsheets. No waiting until tax time to understand the result.
YNAB helps you plan your spending. TaxTank connects your complete financial life and calculates what it means for your tax.