If your overseas bank isn't available for live bank feeds, you can still manage your foreign currency bank account in TaxTank by creating a manual bank account and importing your transactions via CSV.
TaxTank keeps the account in its original currency while automatically converting transactions to Australian dollars for tax purposes, so you get accurate AUD reporting without losing the ability to reconcile against your overseas statements.
Step 1 – Create a manual bank account
From the Bank Feeds page:
Select Add Bank Account.
Choose Manual.
Enter your account details.
Select the Currency for the account.
Complete the remaining fields.
Select Submit.
💡 Tip: Creating a foreign currency account works exactly like creating any other manual bank account — the only extra step is selecting the account's currency.
Step 2 – Import your transactions
Once your account is set up, import your transactions either by:
using the TaxTank CSV template, or
formatting your own bank export with the required TaxTank CSV headings.
Keep transactions in their original foreign currency when importing, TaxTank handles the AUD conversion automatically during allocation.
You're ready to go
Once imported, your foreign currency bank account works just like any other TaxTank bank account, with the added benefit of automatic exchange rate tracking and AUD reporting.
Frequently Asked Questions
Q: Can I have multiple foreign currency bank accounts?
A: Yes. Each manual bank account can be set up with its own currency.
Q: Can I still export my transactions later?
A: Yes. Foreign currency transactions can be exported to CSV, including allocation details and AUD values.
Q: Can a foreign currency bank account hold multiple currencies?
A: No. Each manual bank account is set to a single currency, chosen when the account is created. To track multiple foreign currencies, create a separate manual bank account for each one.