Found vs Wave
Found vs Wave: Business Banking or Free Accounting?
These two solve different halves of the same problem for the self-employed. Found is an actual US business bank account with bookkeeping and automatic tax set-aside built in. Wave is free accounting and invoicing software that connects to whatever bank you already use. The choice hinges on whether you want a bank account that does light books, or standalone books that sit on top of your existing banking.
Found vs Wave: feature comparison
Feature comparison of Found, Wave and Auritrack
| Feature | Found | Wave | Auritrack |
|---|---|---|---|
| AI chat expense tracking | No | No | Yes |
| AI bookkeeping & categorization | Auto-categorizes account transactions | Bank rules and auto-categorization | Yes |
| Automatic bank sync | NoIt is the account itself; no external bank sync | YesBank connections on the Pro plan | On the roadmap; statement import today |
| Bank-statement import (PDF/CSV/Excel) | No | YesCSV upload | YesPDF, CSV or Excel, read by AI |
| Budgeting | Tax set-aside pockets, not category budgets | NoReports, not category budgets | Yes |
| Savings goals | No | No | Yes |
| Invoicing | YesSend invoices from the account | YesUnlimited invoices, its core feature | Small-business records and reports |
| Receipt scanning | YesAttach receipts to transactions | Mobile receipt scanning as a paid add-on | Yes |
| All currencies with live conversion | NoUS dollars only | Multi-currency invoicing | YesLive exchange rates |
| Data export (PDF/CSV) | Yes | YesCSV and accounting reports | YesPDF and CSV anytime |
| Telegram tracking | No | No | Yes@auritrack_bot |
| Investment tracking | No | No | No |
| Shared / household accounts | NoSingle-owner business account | NoBusiness, not household | Yes |
| Sells your data to advertisers | No | No | No |
| Price | Free, or Found Plus $35/mo | Free plan + Pro ~$16/mo | Free tier + AI from $3/mo |
Which of the two should you pick?
Where Found wins
- It is a real US business bank account with a debit card
- Automatic tax set-aside as money comes in
- Built-in Schedule C and self-employed tax tooling
- Free plan with no monthly fee, or Found Plus at $35/mo
Where Wave wins
- Genuinely free double-entry accounting, not tied to one bank
- Unlimited invoicing as its core feature
- Works in the US, Canada and more, with multi-currency invoicing
- Bank connections and CSV import on the Pro plan (~$16/mo)
A third option: Auritrack
Both of these are business-first: Found is your bank, Wave is your books. Neither is built for tracking your everyday spending or holding you to a budget. Auritrack sits alongside them for the personal-tracking side: an AI logs and categorizes spending from a chat message or an uploaded statement, on a free tier with AI features from $3/month. It has no live bank sync yet, so you share a statement rather than a bank login.
The verdict
Choose Found if you want a US business account that sets aside taxes and handles light bookkeeping in one place. Choose Wave if you already have banking sorted and just need free invoicing and accounting on top. If what you actually want is your own spending tracked and budgeted with less effort, an AI tracker like Auritrack is a lighter, separate layer.
Frequently Asked Questions
Want to dig into one of them on its own? Read the Found guide or the Wave guide, each an honest look at where that tool wins and where Auritrack fits.
Comparisons reflect our understanding of each product at the time of writing and may change; check each provider’s site for current pricing and features. Product names and trademarks belong to their respective owners. This page is general information, not financial advice.