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List of transaction categories available in TaxTank

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

Updated over 2 weeks ago

WORK TANK

PROPERTY TANK

SOLE TANK

PERSONAL

Incomes

Incomes

Incomes

Incomes

Salary or Wages

Rental Income

Sales

Centrelink - Family Benefits Payments

Allowances

Other rental Income

Labour

Child Support

Advance

Uber Income

COVID 19 - Additional Support Payments

Attributable PSI (A)

Expenses

Commission

COVID 19 - Early Release of Super

Austudy

Advertising for tenants

Parts & Consumables

COVID 19 - Supplement Payments

Director Fees

Air Conditioner Repairs & Maintenance

Other Business Income

Earnings Other

Body Corporate Fees

Assessible Government Payments

Expenses

Government Allowances

Borrowing Expenses

Gross payments - no ABN given

Clothing

Interest Earned

Borrowing Expenses - Bank Fees

Gross payments - Voluntary agreement

Entertainment

Living Away From Home Allowance (LAFH)

Cleaning

Gross payments - Labour hire or other specified payments

Food

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

Council Rates

Other Assessable Payments

Gifts

Lump Sum A - Genuine Redundancy [R]

Depreciation Schedule

Jobkeeper

Gym & Health

Lump Sum B

Electrical Repairs & Maintenance

Hair and Beauty

Lump sum D (Redundancy amount)

Gardening

Expenses

Medical

Meal Allowance

General Repairs & Maintenance

Purchases (Stock / Inventory)

Personal Expenses - Other

Newstart

Inspection Fees

Purchases (Stock / Inventory)

Pets

Other Allowance

Insurance

School Fees

Pensions

Interest on loan(s)

Contractors & Commission

Subscriptions (not deductible)

Phone Allowance

Internet

Contractors & Commission

Tax Refund

Post Tax Deductions - Other

Keys & Locks

Travel (not deductible)

Pre Tax Deductions - Other

Land Tax

Superannuation

Pets

Reimbursements

Landlord Insurance

Superannuation

School Fees

Tips

Lawn Mowing

Travel (not deductible)

Travel Allowance

Legal Fees

Bad Debt

Boats & Jet Ski’s

Uniform Allowance

Letting Fees

Bad Debt

Caravans & Motor homes

Youth Allowance

Management Fees

Hobbies

Management Fees - Other

Lease expenses

Sports

Other Incomes

Pest Control

Lease expenses (Commercial)

Subscriptions (not deductible)

Amounts of CGT from Trusts

Pest Inspection

Sports

Assessable amount - Capped Defined Benefit

Plumbing Repairs & Maintenance

Rent expenses

Subscriptions (not deductible)

ATO Interest Paid

Postage

Rent expenses (Commercial Premises)

Australian Annuity Payments

Rental Deductions - Other

Tax Payments

Bonuses - Friendly Societies

Repairs & Maintenance - Other

Interest Expenses (Australia

Tax Paid

Bonuses - Life Insurance Companies

Smoke Alarm Service

Interest Expenses (Australia)

Tax Refund

Code A - Superannuation Income Streams - Death

Special Levy

Code B - Superannuation Income Streams - Disability

Stationery

Interest Expenses (Overseas)

Custom

Code M - Superannuation Lump Sum

Sundry

Interest Expenses (Overseas)

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

Work Related Car Expenses

Employee Share Scheme Income

Travel Expenses

Fuel / Oil

ETP B - Non-dependant death benefit

Tribunial Fees

Services & Maintenance

ETP D - Dependant death benefit

Water (Tank)

Registration

ETP O - Gratuity or Payments in Lieu

Water Rates & Usage

Lease Repayment

ETP R - Genuine redundancy

Vehicle loan – Interest

ETP S - Excluded Life Benefit Payment

Capital Works - Depreciation

Insurance

Foreign Exchange Gains (non-business)

Building at cost

Tyres

Gain on sale of vehicle previoulsy depreciated

Structural Improvements

Batteries

Jury attendance fees

Building alterations

Car wash

Lump Sum payments in arrears

Other

Partnership Expenses

Plant & Equipment - Depreciation & Low Value Pool

Vehicle loan – Principal

Partnership Income

Access control systems - Code pads

PSI - ABN not quoted (N)

Access control systems - Readers - Proximity

Other Expenses

PSI - Labour Hire or Other (S)

Access control systems - Readers - Swipe card

Advertising & Marketing

PSI - Voluntary Agreement (V)

Access control systems -Door controllers

Bank Fees

Royalties

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

Business Insurances

Share of National Rental Affordability Scheme

Air Conditioner - Fan coil units

Consulting & Accounting

Special profession income

Air Conditioner - Packaged Unit

Cost of goods sold

Taxable scholarships, bursaries & grants

Air Conditioner - Pumps

Entertainment

Trust Expenses

Air Conditioner - Split System (up to 20kw)

Freight & Postage

Trust Income

Air Conditioner - Volumetrics - Air-cooled

Internet

Air Conditioner - Volumetrics - Water-cooled

Legal Expenses

Expenses

Alarm bells

Materials & Consumables

Accountant / Tax Agent Fees

Alarms - Heat

Office Expenses

Accounting Software Fees

Alarms - Smoke

Parking / Tolls

Advisor Fees

Automatic garage doors - Controls

PPE gear - Safety Equipment

Aprons, smocks & overalls

Automatic garage doors - Motors

Printing & Stationary

Award Overtime Meal Allowance Expense

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

Reference materials

Award Transport

BBQ - Fixed - Sliding trays and cookers

Seminars & Workshops

Batteries

BBQ - Freestanding

Subscriptions

Books, Journals

Carpet

Tools & Equipment (less than $1000)

Car wash

CCTV systems - Cameras

Uniforms

Certification Renewal Fees

CCTV systems - Monitors

Wages & Salaries

Course Fees

CCTV systems - Recorders - Digital

CPR Course

CCTV systems - Recorders - Time Lapse

BAS / GST

Dividend Deductions - Allocated Pensions & Annuities

Ceiling Fan

GST Paid

Dividend Deductions - Bonds Other

Clocks, electric

PAYG Instalments

Dividend Deductions - Convertible Notes

Clothes dryers

Dividend Deductions - Convertible Preference Share

Cook tops

Personal Services Income (PSI)

Dividend Deductions - Friendly Society

Crockery

PSI - Deduction associates (K)

Dividend Deductions - Linked Bonded & Notes

Cutlery

PSI - Deduction Other (L)

Domestic Transport

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

Donations

Dishwashers

Home Office (Fixed Rate Method)

Electricity & Gas

Door closers

Home office hours

Eye Protection

Door stops, freestanding

Financial Institution Duty

DVD players

Home Office (Actual/Occupancy Methods)

Foreign Exchange Losses

Emergency Speakers

Home Office Rent

Forestry Managed Investment Schemes Deduction

Emergency Strobe lights

Home Office Mortgage

Forestry Managed Investment Schemes Income

Emergency Warden intercom phones (WIPs)

Home Office Rates

Fuel / Oil

Escalators (machinery and moving parts)

Home Office Electricity & Gas

Gloves

Evaporative coolers - Fixed (excluding ducting & vents)

Home Office Cleaning

Hats & Helmets

Evaporative coolers - Portable

Home Office Other Expenses

Hi Vis Workwear

Exhaust fans (including light/heating)

Hire Vehicle Expenses

Extinguishers

NDIS Categories

Home Office Hours - COVID

Fire indicator panels

Day Trips with Clients

Home office hours - Study related

Floating timber

Overnight Stays with Clients

Home office hours - work related

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

Therapy Session with Clients

Home Office Occupancy - Other

Freezers

Income Protection Insurance

Furniture, freestanding

Plant & Equipment - Depreciation & Low Value Pool

Income Tax Variation

Garbage bins

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

Ink Cartridges

Garbage compacting systems (excluding chutes)

Air compressors (portable) - Compressors - reciprocating

Insect Repellant

Garbage disposal units

Air compressors (portable) - Compressors - rotary screw

Insurance

Garden lights, solar

Amplifiers, microphones, speakers, mixers and music stands

Insurance

Garden sheds, freestanding

Bending machines (bar, angle and rod)

Interest Charged by ATO

Gardening watering - Control panels

Block and brick elevators, portable

Interest Deductions - Allocated Pensions & Annuities

Gardening watering - Pumps

Boilers

Interest Deductions - Bonds Other

Gardening watering - Timing devices

Bookcases - Metal

Interest Deductions - Convertible Notes

Gates - Electrical - Controls

Bookcases - Timber

Interest Deductions - Convertible Preference Shares

Gates - Electrical - Motors

Brass instruments

Interest Deductions - Friendly Society

Generators

Brick and paving saws

Interest Deductions - Instalment Receipts

Gym assets - Cardiovascular

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

Interest Deductions - Linked Bonded & Notes

Gym Assets - Resistance

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

Internet

Hand dryers, electrical

Carts/buggies

Laundry (Mixed Wash)

Heated towel rails, electric

Chairs

Laundry (Washed Seperately)

Heaters - Fixed - Electric

Computer monitors

Lease Repayment

Heaters - Freestanding

Computers and computer equipment (not specified elsewhere below)

Licence Fees

Heaters - Gas - Ducted central heating unit

Concrete demolition saws

Life Insurance

Heaters - Gas - Other

Concrete mixers

Litigation Costs

Hoses and nozzles

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

Mobile Phone

Hot Water System - Gas

Concrete trowels - Ride on

Mobile Phone

Hot Water System - Solar

Concrete trowels - Walk Behind

Motor vehicles (cars)

Hot water systems - Electric

Concrete vibrating screeders

Motor vehicles (commercial cars)

Intercom system assets

Concrete vibrators - Brushcutter style

Motorcycles (including courier motorcycles and mailbox delivery motorcycles)

Ironing boards, freestanding

Concrete vibrators - Drive units

Newspaper (Paper/Digital)

Irons

Concrete vibrators - Flexible shaft pumps

Non capital losses on disposal of assets

Lifts (including hydraulic and traction lifts)

Concrete vibrators - Vibrating shafts

Non-Slip Shoes

Lights - Fittings (excluding hardwired)

Concrete wheeled saws

Occupational Specific Clothing

Lights - Freestanding

Concreting Assets - concreting kibble buckets

Other

Lights - Shades, removable

Desks

Overseas Travel

Linen

Desktop computers (including personal computers)

Parking

Linoleum

Digital cameras - Camera lenses

Personal Super Contributions (Deductible)

Master antenna television (MATV) assets - Amplifiers

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

Personal Super Contributions (Non-Deductible)

Master antenna television (MATV) assets - Modulators

Digital cameras - Others

Personal Trainer - Sportswear

Master antenna television (MATV) assets - Power sources

Dock levellers

Postage

Master emergency control panels

Dozers/front end loaders

PPE (Personal Protective Equipment)

Microwave ovens

Electronic whiteboards

Printing

Mirrors, freestanding

Enveloping machines

Private Health Insurance

Operable pergola louvres - Controls

Facsimile machines

Protection Clothing - Other

Operable pergola louvres - Motors

Floor sweepers/scrubbers

Public Transport Fees

Outdoor floor carpet (including artificial grass and matting)

Generator - Acoustic hoods and canopies

Rates

Outdoor furniture - freestanding

Generator - Power management units

Reference Materials

Ovens

Generator - Uninterruptible power supply (UPS) systems

Registration

Pumps (including diesel and electric)

Generator (incorporating attached engine management and generator monitoring instruments)

Rent (home office)

Radios

Generators portable - Diesel

Respiratory Masks

Range hoods

Generators portable - Petrol

Scooters

Refrigerators

Hand dryers (electrical)

Self Education Expenses - Other

Rugs

Hand tools - Air

Seminar

Sauna heating assets

Hand tools - Battery

Services & Maintenance

Security systems - Code pads

Hand tools - Electric

Short Course

Security systems - Control panels

Hand tools (manually operated)

Software Fees - TaxTank

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

Jack hammers - Air

Software Subscriptions

Security systems - Global System for Mobiles (GSM) Units

Jack hammers - Electric

Stationery

Security systems - Noise makers (including bells and sirens)

Keyboard instruments (acoustic)

Steel Cap Boots

Sewage treatment assets - Controls

Keyboard instruments (electric)

Stockings

Sewage treatment assets - Motors

Laser cutting machines

Student Union Fees

Shower curtains (excluding curtain rods and screens)

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

Subscriptions - Other

Solar power generating system assets

Levels - Automatic optical levels (dumpy levels)

Sunglasses

Spa - Fixed - Chlorinators

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

Sunscreen

Spa - Fixed - Filtration assets (including pumps)

Levels - Laser levels - Laser plummets

Swimming Instructor - Swimwear

Spa - Fixed - Heaters (electric or gas)

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

Telephone

Spa bath pumps

Levels - Laser levels - Pipe laying

Textbooks

Stair pressurisation assets - AC variable speed drives (VSDs)

Levels - Laser levels - Rotating

Tolls

Stair pressurisation assets - Pressurisation and extraction fans

Levels - Laser levels - Tunnelling and plumbing

Travel costs to see your Accountant / Advisor

Stair pressurisation assets - Sensors

Mainframe computers

Travel Expenses - Other

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

Mobile phones

Tyres

Stoves

Mobile storage units (compactus type)

Uniform - Other

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

Mobile/portable computers (including laptops, tablets)

Uniform - Pants

Swimming pool assets - Chlorinators

Motor graders

Uniform - Shirts

Swimming pool assets - Cleaning assets

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

Union Fees

Swimming pool assets - Filtration assets (including pumps)

Nail guns - air

Vehicle loan – Interest

Swimming pool assets - Heaters - Electric

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

Vehicle loan – Principal

Swimming pool assets - Heaters - Gas

Percussion instruments

Work Place Giving

Swimming pool assets - Heaters - Solar

Photo copying machines

Work Related Expenses - Other

Switching units (including multiplexes)

Powder coating machines and systems (automatic and manual)

Workshop

Telecommunications assets - Cordless phones

Power regulation systems (PRS)

Workwear

Telecommunications assets - Telephone hand sets

Power tools - Chain saws

Television antennas, freestanding

Power transformers

Television sets

Projectors (including lenses)

Tennis court assets - Cleaners

Racks

Tennis court assets - Drag brooms

Radio frequency terminal assets - Barcode readers/scanners

Tennis court assets - Nets

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

Tennis court assets - Rollers

Refrigeration assets - Compressors, condensers, evaporators etc

Tennis court assets - Umpire chairs

Refrigeration assets - Insulation panels used in cool or freezer rooms

Vacuum cleaners - Ducted - Hoses

Robots (industrial)

Vacuum cleaners - Ducted - Motors

Roll cages

Vacuum cleaners - Ducted - Wands

Saws, bench and mitre, portable

Vacuum cleaners - Portable

Screens

Ventilation fans

Servers

Video cassette recorder systems (VCRs)

Sewing machines

Vinyl

Shredders

Washing machines

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

Water filters, electrical

Spray booths

Water pumps

Stringed instruments

Water pumps - Rainwater Tanks

Suitcases

Window blinds, internal

Switchboards

Window curtains

Synthetic lawn surfaces

Window shutters, automatic - Controls

Tables - general

Window shutters, automatic - Motors

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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