TaxCalc + Mortgage Brokers: Faster Bank Import
Mortgage brokers need to verify income and spending from bank statements when assessing affordability for lender applications. If you use TaxCalc for your accounting, you need a fast way to get bank statement data into the system.
BankScan AI for Mortgage Brokers Using TaxCalc
BankScan AI converts any bank statement PDF to CSV formatted for direct import into TaxCalc. Instantly convert applicant bank statements to Excel to verify income, identify regular commitments, and prepare affordability summaries.
The Mortgage Brokers + TaxCalc Workflow
Mortgage brokers request 3-6 months of bank statements from applicants, review them for regular income deposits, identify committed expenditure such as loans and subscriptions, flag gambling transactions or payday loans, and prepare affordability summaries for lender submission. Each application typically involves reviewing statements from multiple accounts.
Key terms you'll encounter: affordability assessment, committed expenditure, income verification, debt-to-income ratio.
How It Works
Upload any bank statement PDF
Supports all major banks. Saves 30-45 minutes per mortgage application on statement review, which adds up to 5+ hours per week during busy periods with 8-10 applications in progress
AI formats for TaxCalc
Output as CSV with N/A — TaxCalc is tax compliance software, not bookkeeping. Use BankScan AI's Excel output as a working paper alongside TaxCalc. — dates in DD/MM/YYYY (for reference; no direct import).
Import and reconcile
TaxCalc doesn't have direct bank import — use BankScan AI to convert PDFs to CSV, then reference the spreadsheet data when completing income and expense boxes in TaxCalc. TaxCalc's SimpleStep mode walks users through each tax return box — having BankScan AI's categorised bank data open alongside makes completion significantly faster.
Supported Banks
BankScan AI works with all major UK and US banks, including:
TaxCalc Features for Mortgage Brokers
- TaxCalc ready — Output formatted as CSV matching TaxCalc's expected column structure
- Smart integration — TaxCalc's SimpleStep mode walks users through each tax return box — having BankScan AI's categorised bank data open alongside makes completion significantly faster.
- Built for Mortgage Brokers — Saves 30-45 minutes per mortgage application on statement review, which adds up to 5+ hours per week during busy periods with 8-10 applications in progress
- Software compatible — Output works directly with Mortgage Brain, Twenty7Tec, Excel
Import Steps for Mortgage Brokers Using TaxCalc
As mortgage broker, here's how to get bank data into TaxCalc:
- TaxCalc doesn't have direct bank import — use BankScan AI to convert PDFs to CSV, then reference the spreadsheet data when completing income and expense boxes in TaxCalc
Common Import Issues
No direct import — common mistake is trying to import CSV into TaxCalc. Instead, use the spreadsheet as a reference document for completing tax return boxes.
TaxCalc Import — Built for Mortgage Brokers
Top 3 UK tax software alongside IRIS and Taxfiler. Known for excellent HMRC integration and reliably early MTD updates each tax year.
Try Free — TaxCalc + Mortgage Brokers