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List of transaction categories availabe in TaxTank

Explore the comprehensive list of transaction categories available in TaxTank for streamlined allocation.

Updated over 6 months ago

WORK TANK

PROPERTY TANK

PERSONAL

Incomes

Incomes

Incomes

Salary or Wages

Rental Income

Centrelink - Family Benefits Payments

Allowances

Other rental Income

Child Support

Advance

COVID 19 - Additional Support Payments

Attributable PSI (A)

Expenses

COVID 19 - Early Release of Super

Austudy

Advertising for tenants

COVID 19 - Supplement Payments

Director Fees

Air Conditioner Repairs & Maintenance

Earnings Other

Body Corporate Fees

Expenses

Government Allowances

Borrowing Expenses

Clothing

Interest Earned

Borrowing Expenses - Bank Fees

Entertainment

Living Away From Home Allowance (LAFH)

Cleaning

Food

Lump Sum A - All other Lump Sum Payments [T]

Council Rates

Gifts

Lump Sum A - Genuine Redundancy [R]

Depreciation Schedule

Gym & Health

Lump Sum B

Electrical Repairs & Maintenance

Hair and Beauty

Lump sum D (Redundancy amount)

Gardening

Medical

Meal Allowance

General Repairs & Maintenance

Personal Expenses - Other

Newstart

Inspection Fees

Pets

Other Allowance

Insurance

School Fees

Pensions

Interest on loan(s)

Subscriptions (not deductible)

Phone Allowance

Internet

Tax Refund

Post Tax Deductions - Other

Keys & Locks

Travel (not deductible)

Pre Tax Deductions - Other

Land Tax

Pets

Reimbursements

Landlord Insurance

School Fees

Tips

Lawn Mowing

Travel (not deductible)

Travel Allowance

Legal Fees

Boats & Jet Ski’s

Uniform Allowance

Letting Fees

Caravans & Motor homes

Youth Allowance

Management Fees

Hobbies

Management Fees - Other

Sports

Other Incomes

Pest Control

Subscriptions (not deductible)

Amounts of CGT from Trusts

Pest Inspection

Sports

Assessable amount - Capped Defined Benefit

Plumbing Repairs & Maintenance

Subscriptions (not deductible)

ATO Interest Paid

Postage

Australian Annuity Payments

Rental Deductions - Other

Tax Payments

Bonuses - Friendly Societies

Repairs & Maintenance - Other

Tax Paid

Bonuses - Life Insurance Companies

Smoke Alarm Service

Tax Refund

Code A - Superannuation Income Streams - Death

Special Levy

Code B - Superannuation Income Streams - Disability

Stationery

Custom

Code M - Superannuation Lump Sum

Sundry

You can now create as many custom personal categories as you want. Read the support article.

Code N - Death Benefit Paid to non-dependant

Sundry': Electricity & Gas

Dividends

Telephone / Mobile

Employee Share Scheme Income

Travel Expenses

ETP B - Non-dependant death benefit

Tribunial Fees

ETP D - Dependant death benefit

Water (Tank)

ETP O - Gratuity or Payments in Lieu

Water Rates & Usage

ETP R - Genuine redundancy

ETP S - Excluded Life Benefit Payment

Capital Works - Depreciation

Foreign Exchange Gains (non-business)

Building at cost

Gain on sale of vehicle previoulsy depreciated

Structural Improvements

Jury attendance fees

Building alterations

Lump Sum payments in arrears

Partnership Expenses

Plant & Equipment - Depreciation & Low Value Pool

Partnership Income

Access control systems - Code pads

PSI - ABN not quoted (N)

Access control systems - Readers - Proximity

PSI - Labour Hire or Other (S)

Access control systems - Readers - Swipe card

PSI - Voluntary Agreement (V)

Access control systems -Door controllers

Royalties

Air Conditioner - Air Handling Unit (excluding ducts & vents)

Share of National Rental Affordability Scheme

Air Conditioner - Fan coil units

Special profession income

Air Conditioner - Packaged Unit

Taxable scholarships, bursaries & grants

Air Conditioner - Pumps

Trust Expenses

Air Conditioner - Split System (up to 20kw)

Trust Income

Air Conditioner - Volumetrics - Air-cooled

Air Conditioner - Volumetrics - Water-cooled

Expenses

Alarm bells

Accountant / Tax Agent Fees

Alarms - Heat

Accounting Software Fees

Alarms - Smoke

Advisor Fees

Automatic garage doors - Controls

Aprons, smocks & overalls

Automatic garage doors - Motors

Award Overtime Meal Allowance Expense

Bathroom assets - Accessories, freestanding (including shower caddies, soap holders, toilet brushes)

Award Transport

BBQ - Fixed - Sliding trays and cookers

Batteries

BBQ - Freestanding

Books, Journals

Carpet

Car wash

CCTV systems - Cameras

Certification Renewal Fees

CCTV systems - Monitors

Course Fees

CCTV systems - Recorders - Digital

CPR Course

CCTV systems - Recorders - Time Lapse

Dividend Deductions - Allocated Pensions & Annuities

Ceiling Fan

Dividend Deductions - Bonds Other

Clocks, electric

Dividend Deductions - Convertible Notes

Clothes dryers

Dividend Deductions - Convertible Preference Share

Cook tops

Dividend Deductions - Friendly Society

Crockery

Dividend Deductions - Linked Bonded & Notes

Cutlery

Domestic Transport

Detectors (including addressable manual call points, heat, multi type and smoke)

Donations

Dishwashers

Electricity & Gas

Door closers

Eye Protection

Door stops, freestanding

Financial Institution Duty

DVD players

Foreign Exchange Losses

Emergency Speakers

Forestry Managed Investment Schemes Deduction

Emergency Strobe lights

Forestry Managed Investment Schemes Income

Emergency Warden intercom phones (WIPs)

Fuel / Oil

Escalators (machinery and moving parts)

Gloves

Evaporative coolers - Fixed (excluding ducting & vents)

Hats & Helmets

Evaporative coolers - Portable

Hi Vis Workwear

Exhaust fans (including light/heating)

Hire Vehicle Expenses

Extinguishers

Home Office Hours - COVID

Fire indicator panels

Home office hours - Study related

Floating timber

Home office hours - work related

Freestanding spas (incorporating blowers, controls, filters, heaters and pumps)

Home Office Occupancy - Other

Freezers

Income Protection Insurance

Furniture, freestanding

Income Tax Variation

Garbage bins

Ink Cartridges

Garbage compacting systems (excluding chutes)

Insect Repellant

Garbage disposal units

Insurance

Garden lights, solar

Insurance

Garden sheds, freestanding

Interest Charged by ATO

Gardening watering - Control panels

Interest Deductions - Allocated Pensions & Annuities

Gardening watering - Pumps

Interest Deductions - Bonds Other

Gardening watering - Timing devices

Interest Deductions - Convertible Notes

Gates - Electrical - Controls

Interest Deductions - Convertible Preference Shares

Gates - Electrical - Motors

Interest Deductions - Friendly Society

Generators

Interest Deductions - Instalment Receipts

Gym assets - Cardiovascular

Interest Deductions - Linked Bonded & Notes

Gym Assets - Resistance

Internet

Hand dryers, electrical

Laundry (Mixed Wash)

Heated towel rails, electric

Laundry (Washed Seperately)

Heaters - Fixed - Electric

Lease Repayment

Heaters - Freestanding

Licence Fees

Heaters - Gas - Ducted central heating unit

Life Insurance

Heaters - Gas - Other

Litigation Costs

Hoses and nozzles

Mobile Phone

Hot Water System - Gas

Mobile Phone

Hot Water System - Solar

Motor vehicles (cars)

Hot water systems - Electric

Motor vehicles (commercial cars)

Intercom system assets

Motorcycles (including courier motorcycles and mailbox delivery motorcycles)

Ironing boards, freestanding

Newspaper (Paper/Digital)

Irons

Non capital losses on disposal of assets

Lifts (including hydraulic and traction lifts)

Non-Slip Shoes

Lights - Fittings (excluding hardwired)

Occupational Specific Clothing

Lights - Freestanding

Other

Lights - Shades, removable

Overseas Travel

Linen

Parking

Linoleum

Personal Super Contributions (Deductible)

Master antenna television (MATV) assets - Amplifiers

Personal Super Contributions (Non-Deductible)

Master antenna television (MATV) assets - Modulators

Personal Trainer - Sportswear

Master antenna television (MATV) assets - Power sources

Postage

Master emergency control panels

PPE (Personal Protective Equipment)

Microwave ovens

Printing

Mirrors, freestanding

Private Health Insurance

Operable pergola louvres - Controls

Protection Clothing - Other

Operable pergola louvres - Motors

Public Transport Fees

Outdoor floor carpet (including artificial grass and matting)

Rates

Outdoor furniture - freestanding

Reference Materials

Ovens

Registration

Pumps (including diesel and electric)

Rent (home office)

Radios

Respiratory Masks

Range hoods

Scooters

Refrigerators

Self Education Expenses - Other

Rugs

Seminar

Sauna heating assets

Services & Maintenance

Security systems - Code pads

Short Course

Security systems - Control panels

Software Fees - TaxTank

Security systems - Detectors (including passive infrared, photo sensors and vibration)

Software Subscriptions

Security systems - Global System for Mobiles (GSM) Units

Stationery

Security systems - Noise makers (including bells and sirens)

Steel Cap Boots

Sewage treatment assets - Controls

Stockings

Sewage treatment assets - Motors

Student Union Fees

Shower curtains (excluding curtain rods and screens)

Subscriptions - Other

Solar power generating system assets

Sunglasses

Spa - Fixed - Chlorinators

Sunscreen

Spa - Fixed - Filtration assets (including pumps)

Swimming Instructor - Swimwear

Spa - Fixed - Heaters (electric or gas)

Telephone

Spa bath pumps

Textbooks

Stair pressurisation assets - AC variable speed drives (VSDs)

Tolls

Stair pressurisation assets - Pressurisation and extraction fans

Travel costs to see your Accountant / Advisor

Stair pressurisation assets - Sensors

Travel Expenses - Other

Stereo systems (incorporating amplifiers, cassette players, CD players, radios and speakers)

Tyres

Stoves

Uniform - Other

Surround sound systems (incorporating audio-video receivers and speakers)

Uniform - Pants

Swimming pool assets - Chlorinators

Uniform - Shirts

Swimming pool assets - Cleaning assets

Union Fees

Swimming pool assets - Filtration assets (including pumps)

Vehicle loan – Interest

Swimming pool assets - Heaters - Electric

Vehicle loan – Principal

Swimming pool assets - Heaters - Gas

Work Place Giving

Swimming pool assets - Heaters - Solar

Work Related Expenses - Other

Switching units (including multiplexes)

Workshop

Telecommunications assets - Cordless phones

Workwear

Telecommunications assets - Telephone hand sets

Television antennas, freestanding

Sole Trader Income & Expenses

Television sets

Sole Trader Income

Tennis court assets - Cleaners

Cost of goods sold

Tennis court assets - Drag brooms

Sub-contractors & wages

Tennis court assets - Nets

Tools & equipment

Tennis court assets - Rollers

Other business expenses

Tennis court assets - Umpire chairs

Vacuum cleaners - Ducted - Hoses

Plant & Equipment - Depreciation & Low Value Pool

Vacuum cleaners - Ducted - Motors

Air compression assets generally (including air compressors, air dryers and air receivers)

Vacuum cleaners - Ducted - Wands

Air compressors (portable) - Compressors - reciprocating

Vacuum cleaners - Portable

Air compressors (portable) - Compressors - rotary screw

Ventilation fans

Amplifiers, microphones, speakers, mixers and music stands

Video cassette recorder systems (VCRs)

Bending machines (bar, angle and rod)

Vinyl

Block and brick elevators, portable

Washing machines

Boilers

Water filters, electrical

Bookcases - Metal

Water pumps

Bookcases - Timber

Water pumps - Rainwater Tanks

Brass instruments

Window blinds, internal

Brick and paving saws

Window curtains

Cabinets - metal (including credenzas, cupboards, filing, mapping, mobile, stationery and storage type)

Window shutters, automatic - Controls

Cabinets - timber/laminated (including credenzas, cupboards, filing, mapping, mobile, stationery and storage type)

Window shutters, automatic - Motors

Carts/buggies

Chairs

Computer monitors

Computers and computer equipment (not specified elsewhere below)

Concrete demolition saws

Concrete mixers

Concrete surface preparation assets (including floor grinders, planers and scarifers)

Concrete trowels - Ride on

Concrete trowels - Walk Behind

Concrete vibrating screeders

Concrete vibrators - Brushcutter style

Concrete vibrators - Drive units

Concrete vibrators - Flexible shaft pumps

Concrete vibrators - Vibrating shafts

Concrete wheeled saws

Concreting Assets - concreting kibble buckets

Desks

Desktop computers (including personal computers)

Digital cameras - Camera lenses

Digital cameras - Medium format single lens reflex (SLR) system (including camera bodies and digital backs)

Digital cameras - Others

Dock levellers

Dozers/front end loaders

Electronic whiteboards

Enveloping machines

Facsimile machines

Floor sweepers/scrubbers

Generator - Acoustic hoods and canopies

Generator - Power management units

Generator - Uninterruptible power supply (UPS) systems

Generator (incorporating attached engine management and generator monitoring instruments)

Generators portable - Diesel

Generators portable - Petrol

Hand dryers (electrical)

Hand tools - Air

Hand tools - Battery

Hand tools - Electric

Hand tools (manually operated)

Jack hammers - Air

Jack hammers - Electric

Keyboard instruments (acoustic)

Keyboard instruments (electric)

Laser cutting machines

Letter folding and inserting machines (including envelope inserters and letter inserters - desktop/low volume units)

Levels - Automatic optical levels (dumpy levels)

Levels - Laser levels - Grade laying (dial-in grade)

Levels - Laser levels - Laser plummets

Levels - Laser levels - Line and plumb/point and cross line

Levels - Laser levels - Pipe laying

Levels - Laser levels - Rotating

Levels - Laser levels - Tunnelling and plumbing

Mainframe computers

Mobile phones

Mobile storage units (compactus type)

Mobile/portable computers (including laptops, tablets)

Motor graders

Multi function machines (includes fax, copy, print and scan functions)

Nail guns - air

Network equipment (including hubs, modems routers, switches, etc)

Percussion instruments

Photo copying machines

Powder coating machines and systems (automatic and manual)

Power regulation systems (PRS)

Power tools - Chain saws

Power transformers

Projectors (including lenses)

Racks

Radio frequency terminal assets - Barcode readers/scanners

Radio frequency terminal assets - Portable/handheld and vehicle mounted terminal devices

Refrigeration assets - Compressors, condensers, evaporators etc

Refrigeration assets - Insulation panels used in cool or freezer rooms

Robots (industrial)

Roll cages

Saws, bench and mitre, portable

Screens

Servers

Sewing machines

Shredders

Spas used as plant in a business (incorporating blowers, controls, filters, heaters and pumps)

Spray booths

Stringed instruments

Suitcases

Switchboards

Synthetic lawn surfaces

Tables - general

Tarpaulins

Telephone systems (including analogue, digital, PABX/PBX, key/commander systems, VoIP, IP-PBX etc)

Television sets

Tractors

Trailers - gross vehicle mass greater than 4.5 tonnes

Trailers - gross vehicle mass of 4.5 tonnes or less - Aluminium, galvanised steel, galvanised hot dipped steel and powder coated trailers

Trailers - gross vehicle mass of 4.5 tonnes or less - Mild steel trailers (painted and unpainted)

Trolleys

Trolleys

Two-way radios - Base stations

Two-way radios - Mobile units

Two-way radios - Portable units

Two-way radios - Repeaters

Unmanned aerial vehicles (drones / remotely piloted aircraft) - Fixed wing

Unmanned aerial vehicles (drones / remotely piloted aircraft) - Rotary wing

Vending machines

Waste storage and disposal bins (including crane bins, hooklift bins, skip bins and other industrial use bins)

Weighing machines and scales (including weigh labelling machines)

Welders - Diesel

Welders - Electric

Welders - Oxygen welders and cutters

Whiteboards

Woodwind instruments

Workstations (including desks and partitions)

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