If you link a shared bank account its likely some bank transactions will relate to your co-owner or partner, for example their PAYG income or expenses that related to their tax return.

To reconcile these transactions in TaxTank use the personal income and expense categories. These categories will be included in the transaction report and budgeting, however will be excluded from your tax summary and tax position.

From bank feeds select the bank account you want to reconcile. To reconcile a single transaction select the 'Allocate' button from the right hand side, select the 'Personal' icon and then select the relevant category from the drop-down.

If you have lots of transactions to reconcile use the search bar to filter the list, then select all transactions using the tick boxes on the right hand side. From the panel that appears at the bottom of the page select the 'Personal' icon and then the relevant category from the drop-down menu.

TIP - By default we will pre-fill the category to 'Personal Income - Other' or 'Personal Expenses - Other' however you can change the category if you want to be more specific for budgeting.