If you’re switching from Zoho Books, Xero, Pocketsmith, MYOB, QuickBooks, YNAB, or any other platform, here’s the safest way to handle your historical data:
Start fresh with live bank feeds
We recommend starting fresh with live bank feeds and allocating transactions as you go, working back to FY21/22 if needed. We understand not everyone wants to do this, so there’s another simple option below.
Export your historical data
Focus on income and expenses, including invoices or bills.
Export in CSV format, ideally separated by financial years.
Set up a manual account in TaxTank
Create a dedicated manual bank account for your imported data.
Keeping it separate from your active bank feeds avoids confusion and ensures current transactions stay clean.
Import the CSVs into TaxTank
Upload your historical transactions into the correct financial years.
Allocate each entry to TaxTank categories so it matches your original records.
Attach receipts and invoices
Upload documents to Spare Tank in bulk for reference, or attach them directly to each transaction for detailed tracking.
Start fresh for the new financial year
Record all new income and expenses directly in TaxTank.
Your historical data remains accessible for reference, reporting, or if the ATO reviews past years.
Quick alternative for a simple overview
Add a single bulk entry in the specific Tank for each financial year: one entry in the Income tab and one in the Expenses tab.