How to Allocate Personal Transactions
Use the Allocate option to reconcile:
Personal (private) transactions
Non-deductible expenses
Transactions from accounts not linked to TaxTank (e.g. loan repayments or internal transfers)
You can also create your own custom personal categories to keep things organised your way.
Step 1 – Select 'Allocate'
Choose the relevant bank account, go to the Reconcile tab, and select Allocate from the dropdown.
Step 2 – Choose 'Personal'
Select the Personal Icon.
Step 3 – Select or Create a Category
Start typing what the transaction is for – like “groceries”, “dining out” or “personal income”.
You can pick an existing category or create your own custom category if what you need isn’t listed.
Step 4 – Attach a Receipt (Optional)
Click the paperclip to upload or drag in a receipt. Once attached, the icon will turn green. All uploaded receipts are saved in your Spare Tank for future reference.
Step 5 – Confirm
Click Continue to finalise the allocation.
