FreeAgent + E-commerce Sellers: Faster Bank Import
E-commerce sellers receive payments from Amazon, eBay, Shopify, and PayPal — but bank statements lump these together, making reconciliation painful. If you use FreeAgent for your accounting, you need a fast way to get bank statement data into the system.
BankScan AI for E-commerce Sellers Using FreeAgent
BankScan AI converts any bank statement PDF to CSV / OFX formatted for direct import into FreeAgent. Convert your bank statements to structured spreadsheets so you can match marketplace payouts, refunds, and fees against your sales records.
The E-commerce Sellers + FreeAgent Workflow
E-commerce sellers receive batched payouts from marketplaces and payment processors, then reconcile these against individual order records. They need to match Stripe or PayPal settlements, identify refunds and chargebacks, track advertising spend, and separate marketplace fees from net revenue. Multi-channel sellers must reconcile across several payout sources.
Key terms you'll encounter: marketplace payout, settlement report, chargeback, FBA fees.
How It Works
Upload any bank statement PDF
Supports all major banks. Saves 2-3 hours per week on marketplace payout reconciliation for sellers processing 500+ orders per month across multiple channels
AI formats for FreeAgent
Output as CSV / OFX with Date, Description, Amount (single column) — FreeAgent also accepts OFX files which skip the column mapping step entirely — dates in DD/MM/YYYY.
Import and reconcile
In FreeAgent, go to Banking > select your account > Import Bank Statement. Choose CSV or OFX format, upload the file, and FreeAgent will parse the transactions automatically. FreeAgent automatically estimates your tax bill in real-time as transactions are imported, giving sole traders an up-to-date picture of their tax liability.
Supported Banks
BankScan AI works with all major UK and US banks, including:
FreeAgent Features for E-commerce Sellers
- FreeAgent ready — Output formatted as CSV / OFX matching FreeAgent's expected column structure
- Smart integration — FreeAgent automatically estimates your tax bill in real-time as transactions are imported, giving sole traders an up-to-date picture of their tax liability.
- Built for E-commerce Sellers — Saves 2-3 hours per week on marketplace payout reconciliation for sellers processing 500+ orders per month across multiple channels
- Software compatible — Output works directly with Xero, A2X, QuickBooks
Import Steps for E-commerce Sellers Using FreeAgent
As an e-commerce seller, here's how to get bank data into FreeAgent:
- In FreeAgent, go to Banking > select your account > Import Bank Statement
- Choose CSV or OFX format, upload the file, and FreeAgent will parse the transactions automatically
Common Import Issues
FreeAgent can struggle with CSV files that have extra header rows or summary rows at the bottom. Ensure only transaction data rows are included.
FreeAgent Import — Built for E-commerce Sellers
Free for NatWest, RBS, and Ulster Bank business customers. Popular among UK freelancers and contractors for its simple self-assessment tax return filing.
Try Free — FreeAgent + E-commerce Sellers