Bank Feeds & Open Banking
Learn everything about TaxTank bank feeds, Open Banking, and allocating transactions. Stay organised and manage your finances with ease.
69 articles
Connecting Your Bank Accounts
Learn how to connect your bank accounts to TaxTank using Open Banking or manual options for complete, accurate transaction tracking.
- How to set up live bank feeds with Open Banking in 2 easy steps.Learn how to set up bank feeds in TaxTank in just 2 easy steps for smooth integration and precise financial management.
- How to add your bank account using Open BankingLearn how to add your bank account in TaxTank with Open Banking, ensuring fast setup and precise management of your finances.
- How to set up manual banks when live bank feeds are not yet available.Learn how to add manual bank transactions in TaxTank when live bank feeds aren’t available, keeping your finances accurate and up-to-date.
- How to import bank transactions manuallyLearn how to manually import bank transactions into TaxTank to keep your records accurate and ensure precise financial and tax tracking.
- How to add your bank account if your bank doesn't appear in the pop up selectorLearn how to add bank accounts not listed in the selector, ensuring comprehensive financial tracking.
- How to add new bank accounts, or bank accounts you previously didn't select for live bank feedsLearn how to add a new bank account to existing live bank feeds or share more accounts previously not selected when first linking your bank.
- How to connect Business, Trust, and SMSF accounts together with personal accounts for Open BankingLearn how to connect your Business, Trust, or SMSF accounts to TaxTank, including the extra steps sometimes required by your bank to enable access.
- How to add Trust or Business Accounts from MacquarieLearn how to connect your Macquarie Trust or Business account to TaxTank, including the extra form required by the bank to enable access.
- How to add Trust or Business Accounts from CBALearn how to connect your CBA Trust or Business account to TaxTank, including how to update your data sharing authority.
- How to add Trust or Business Accounts from ANZLearn how to connect your ANZ Trust or Business account to TaxTank by updating your Open Banking permissions.
- How to manage adding a Credit Card in Bank FeedsLearn how to easily manage adding a credit card in TaxTank when it is automatically classified as a 'Loan Account' from Basiq.
- How to delete manual bank transactionsLearn how to delete manual bank transactions easily, whether you've made a mistake, imported the wrong data, or created duplicate entries.
- How often do bank feeds get updatedGain insights into how often bank feeds are refreshed, ensuring up-to-date financial data through Open Banking.
- Multi-factor authentication (MFA), Bank Feeds & Open BankingLearn how MFA, Bank Feeds, and Open Banking combine in TaxTank to provide stronger security and protect your financial information.
- The benefits of Open BankingDiscover the advantages of leveraging Open Banking for seamless financial integration.
- Open Banking Supported InstitutionsExplore the list of institutions supported by Open Banking within TaxTank, ensuring compatibility with your bank.
- How to add multiple manual bank accounts in TaxTankLearn how to easily add multiple manual bank accounts in TaxTank.
- How to add multiple profiles or user ID's in bank feedsLearn how to add multiple bank profiles in TaxTank to manage personal, business, trust, and joint accounts all in one place.
- How to remove imported CSV bank transactionsLearn how to remove imported CSV bank transactions in TaxTank, delete bulk entries, and fix mistakes by removing files and linked allocations easily.
- Banks that require additional authority for Open BankingLearn how to connect bank accounts requiring extra authority for Open Banking, including trust, business, and joint accounts, with step-by-step guidance.
Managing Transactions
Streamline your transaction management by learning how to allocate transactions, create custom categories, reconciling mortgage payments, and much more.
- How to allocate transactions from Bank FeedsLearn how to efficiently allocate transactions from your bank feeds in TaxTank for accurate financial tracking & simplified tax management.
- How to allocate personal transactionsUnderstand the steps to allocate personal transactions accurately, ensuring precise financial tracking.
- How to find & match expense transactions from Bank FeedsLearn how to 'find and match' income and expense transactions from bank feeds in TaxTank for accurate financial tracking and tax management.
- How to split bank transactionsLearn how to split bank transactions in TaxTank for accurate expense breakdowns and detailed financial tracking.
- When to use the 'Transfer' action in bank feeds.Learn when and how to utilise the 'Transfer' action within bank feeds for seamless transaction management.
- How to transfer transactions between accountsLearn how to quickly handle transactions between your bank accounts.
- How to handle transfers that couldn't be matchedLearn how to manage unmatched transfers in TaxTank for seamless tracking and categorisation.
- How to undo an allocated bank transactionLearn how to undo allocated bank transactions, correcting any errors effortlessly.
- What to do with bank transactions that relate to your co-owner or partnerLearn how to manage bank transactions in TaxTank related to co-owners or partners for accurate financial tracking and tax reporting.
- Why can't I access the bank feed my co-owner set up to allocate for our shared property?Learn the rules for accessing bank feeds set up by co-owners in shared properties. Stay compliant and manage your finances with TaxTank.
- Why you can't delete a transaction from bank feedsLearn why there isn't a delete function for transactions that come through from Open Banking.
- What to do with transactions that are transfers to other accounts not in TaxTankEfficiently manage transfers to non-TaxTank accounts by allocating them to Personal Categories.
- How to allocate your wife/husband/partner's income and expenses if you share a bank accountLearn how to allocate shared expenses in TaxTank when you share with another TaxTank user like your wife/husband/partner or co-owner.
- How to record an income tax payment or refundLearn how to allocate tax payments or refund from bank feeds to ensure they don't impact current tax calculations.
- How to reconcile mortgage repaymentsLearn how to use the transfer action in TaxTank to reconcile mortgage repayments between accounts and keep your finances accurate.
- Understanding the difference between the TaxTank Balance and Bank BalanceLearn the difference between TaxTank Balance and Bank Balance to manage your money accurately and stay organised.
- How to leave notes for your accountant or clients to check a bank transactionLearn how to leave notes for your accountant or clients directly on a bank transaction in TaxTank. Use Discussion Notes to ask questions, give answers, and keep all communication in…
Bank Rules & Automation
Unlock efficiency with TaxTank's Bank Rules and Automations, from automated transaction allocations to managing recurring transactions, streamline your financial workflows effortlessly.
- How to set up automated transaction allocationsDiscover how to set up automated allocations for transactions, saving time and ensuring accuracy
- How to create rules for recurring bank transactionsLearn the process of creating rules to automate recurring bank transactions, simplifying your financial management.
- How to edit or remove bank rulesUnderstand how to effortlessly edit or remove bank rules within TaxTank, ensuring flexibility and control.
- How to create a bank rule to automatically allocate interest to multiple propertiesLearn how to create automated bank rules in TaxTank to split interest payments across multiple properties for accurate financial tracking.
Transaction Categories
Learn how to create and manage custom categories in TaxTank to personalise your income and expense tracking.
Managing Loans
Learn how to manage property loans in TaxTank, including refinancing, payouts, loan drawdowns, and tracking across multiple properties.
- How to add a property loanLearn how to add property loans in TaxTank to ensure equity is calculated correctly and your property portfolio stays accurate.
- How to allocate loan settlement funds on a new propertyLearn where you can allocate any new loan settlement funds or transfers for properties in TaxTank.
- How to allocate loan drawdown payments and settlement feesLearn how to allocate loan drawdowns, establishment fees, and capital costs in TaxTank for accurate financial tracking and tax reporting.
- How to apportion a loan to multiple propertiesLearn how to apportion a loan to multiple properties in TaxTank to ensure accurate equity calculations and precise property management.
- How to payout a loan in TaxTankLearn how to payout a loan in TaxTank when refinancing or paying off your loan to keep your property finances accurate and up-to-date.
- How to apportion loans and interest between property and sharesLearn how to correctly allocate a loan used for both property and share investments in TaxTank.
Foreign Currency Bank Accounts
Learn how to manage foreign currency bank accounts in TaxTank. Find guides on connecting overseas bank accounts, exchange rates, foreign currency transactions, Australian dollar (AUD) conversions, reporting, exports, and how TaxTank handles foreign currency for Australian tax purposes.
- How foreign currency bank accounts work in TaxTankLearn how TaxTank manages foreign currency bank accounts, converts overseas transactions to AUD, applies exchange rates, and simplifies Australian tax reporting.
- How to add a manual foreign currency bank account in TaxTankLearn how to add a manual foreign currency bank account in TaxTank, import overseas bank transactions using CSV, and manage AUD tax reporting.
- How to connect a foreign currency bank account via live bank feeds in TaxTankConnect your foreign currency bank account to TaxTank using live bank feeds. Automatically sync overseas transactions and convert them to AUD for Australian tax reporting.
- How to handle transactions from PayPal, Wise and other international financial institutionsLearn how to manage PayPal, Wise and other foreign currency bank accounts in TaxTank using live bank feeds or CSV imports, with automatic AUD tax reporting.
Closing or Cancelling Bank Feeds
Learn how to cancel live bank feeds effortlessly in TaxTank. Stay in control of your connections and manage your finances with ease.
Bank Feeds Troubleshooting
Troubleshoot bank feed issues efficiently to resolve connectivity and transaction retrieval problems for smooth financial tracking.
- Here's why your bank transactions may not have come through for each financial yearUnderstand potential reasons for missing bank transactions in each financial year to ensure comprehensive financial data retrieval.
- What to do when you can't select an account from your bankFacing issues selecting a bank account in TaxTank? It could be due to Open Banking restrictions or data sharing permissions.
- How to manage bank transactions in the wrong financial yearThis article shows you how to manage and adjust bank transactions in the wrong financial year should a timing issues occur.
- CBA data sharing issue affecting some business customers – Trading Entity Business NameLearn how a CBA data sharing issue affects business customers with a TEBN profile type and how to contact CBA to resolve the issue.
- How to reconnect or reauthorise an expired bank connectionLearn how to reconnect or reauthorise your bank in TaxTank with simple steps that help you fix disconnected or expired connections, restore feeds, and keep your data up to date.
- Why is Australian Unity Bank no longer available in Open Banking?Learn why Australian Unity Bank is no longer in Open Banking, how it’s now Bank Australia, and what you need to do to reconnect your accounts.
- How to fix common bank feed issuesLearn how to troubleshoot bank feed issues in TaxTank, fix missing transactions, connection errors, and keep your accounts up to date.
- How to prevent and resolve duplicate transactions in TaxTank bank accountsLearn how to prevent and fix duplicate transactions in TaxTank, including tips for manual imports, live feeds, and setting the correct import-from date.
- How to fix PayPal connection issuesLearn how to fix PayPal connection issues in TaxTank, including permissions, browser blocks, profile errors, and steps to reconnect successfully.
- How to manage a bank feed that has stopped updatingLearn how to fix a bank feed that has stopped updating in TaxTank, reconnect inactive accounts, and restore overnight transaction syncing.
- How to manage missing bank account tilesLearn how to restore missing bank account tiles in TaxTank, activate hidden accounts, and reconnect bank feeds if tiles are no longer showing
- How to manage an error when connecting bank feedsLearn how to fix bank feed connection errors in TaxTank, including bank login issues, data sharing problems, and Open Banking connection errors.
- How to manage missing bank transactionsLearn how to fix missing bank transactions in TaxTank, check account status, reconnect feeds, and understand pending transaction delays.
- How to manage a Temporarily Unavailable bank feedLearn what Temporarily Unavailable means in TaxTank bank feeds and what to do while your bank connection is under maintenance.
- How to manage missing bank tilesLearn how to find missing bank tiles in TaxTank by scrolling or swiping. If your banks aren’t visible, follow these steps to bring them back into view.