There are now two ways to manage personal transactions in TaxTank.
You can either:
allocate personal transactions from your bank feeds, or
add personal income and expenses directly in Spare Tank
This is ideal for private transactions, non-deductible expenses, personal income, or anything you want to track outside your tax-deductible Tanks.
Option 1: Allocate Personal Transactions from Bank Feeds
Use the Allocate option to reconcile:
Personal (private) transactions
Non-deductible expenses
Transactions from accounts linked to TaxTank that relate to personal spending
Internal transfers or loan repayments
You can also create and manage your own custom personal categories directly from the allocation pop-up to keep everything 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, Create or Manage a Category
Start typing what the transaction is for, such as groceries, dining out, or personal income.
You can:
select an existing category
create a new custom category
manage your existing custom personal categories directly from the pop-up
This makes it easy to keep your personal transactions organised without needing to leave the allocation screen.
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.
Option 2 – Add Personal Transactions Directly in Spare Tank
You can now also add personal transactions directly in Spare Tank without needing to import them through bank feeds.
This is perfect for:
cash spending
manual personal income entries
transactions from accounts not connected to Open Banking
one-off personal expenses you want to track
Step 1 – Open Spare Tank
Navigate to Spare Tank from the left-hand menu and go to the Personal Transactions tab.
Step 2 – Click Add
Select Add, then choose either:
Income, or
Expense
depending on the type of transaction you want to record.
Step 3 – Enter the Details
Complete the transaction details, including:
description
amount
date
category
You can also create and manage your own custom personal categories from the pop-up while adding the transaction.
Step 4 – Upload a Receipt (Optional)
Attach any supporting receipt or invoice using the upload option.
Step 5 – Save
Click Save to record the transaction in Spare Tank.