Taxfiler + Estate Agents: Faster Bank Import
Estate agents manage client money accounts, commission income, and office expenses — all requiring careful reconciliation for compliance. If you use Taxfiler for your accounting, you need a fast way to get bank statement data into the system.
BankScan AI for Estate Agents Using Taxfiler
BankScan AI converts any bank statement PDF to CSV formatted for direct import into Taxfiler. Convert your client money and office account statements to structured spreadsheets for faster reconciliation and compliance reporting.
The Estate Agents + Taxfiler Workflow
Estate agents reconcile client money accounts holding tenant deposits and rent, match commission income against completed property sales, and track office operating expenses. Client money accounts must be reconciled separately from office accounts, with detailed records of every client fund movement maintained for compliance.
Key terms you'll encounter: client money account, completion statement, exchange of contracts, CMP scheme.
How It Works
Upload any bank statement PDF
Supports all major banks. Saves 2-3 hours per week on client money account reconciliation and commission tracking across property completions
AI formats for Taxfiler
Output as CSV with N/A — Taxfiler is a tax compliance tool. BankScan AI CSV output serves as supporting documentation and working papers. — dates in DD/MM/YYYY (for reference).
Import and reconcile
Taxfiler doesn't import bank statements directly. Convert with BankScan AI, then use the CSV data to verify income figures and categorise expenses within Taxfiler's accounts production module. Taxfiler's accounts production can reference categorised bank data from BankScan AI spreadsheets to auto-populate trial balance figures.
Supported Banks
BankScan AI works with all major UK and US banks, including:
Taxfiler Features for Estate Agents
- Taxfiler ready — Output formatted as CSV matching Taxfiler's expected column structure
- Smart integration — Taxfiler's accounts production can reference categorised bank data from BankScan AI spreadsheets to auto-populate trial balance figures.
- Built for Estate Agents — Saves 2-3 hours per week on client money account reconciliation and commission tracking across property completions
- Software compatible — Output works directly with Reapit, Alto by Vebra, Xero
Import Steps for Estate Agents Using Taxfiler
As an estate agent, here's how to get bank data into Taxfiler:
- Taxfiler doesn't import bank statements directly
- Convert with BankScan AI, then use the CSV data to verify income figures and categorise expenses within Taxfiler's accounts production module
Common Import Issues
No direct import. Use BankScan AI output as working papers — sort by category to identify employment income, self-employment turnover, rental income, and capital gains.
Taxfiler Import — Built for Estate Agents
Cloud-native competitor to TaxCalc and IRIS for UK accountancy practices. Strong on CT600 and accounts production with good Companies House filing integration.
Try Free — Taxfiler + Estate Agents