Taxfiler + Recruitment Agencies: Faster Bank Import
Recruitment agencies process candidate placements, client invoices, temporary worker payments, and margin calculations — requiring meticulous bank reconciliation. If you use Taxfiler for your accounting, you need a fast way to get bank statement data into the system.
BankScan AI for Recruitment Agencies Using Taxfiler
BankScan AI converts any bank statement PDF to CSV formatted for direct import into Taxfiler. Convert your agency bank statements to Excel to reconcile placement fees, match temporary worker payments, and track client account balances.
The Recruitment Agencies + Taxfiler Workflow
Recruitment agencies invoice clients for permanent placement fees or weekly/monthly temporary worker charges, pay temporary workers via payroll or umbrella companies, and reconcile margins on each placement. Bank statements must be matched against CRM placement records to verify fees received, track debtor balances, and ensure temporary worker payments are processed correctly.
Key terms you'll encounter: placement fee, temp margin, rebate period, umbrella company.
How It Works
Upload any bank statement PDF
Supports all major banks. Saves 3-4 hours per week on placement fee reconciliation and temporary worker payment matching for an agency processing 50+ placements per month
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 Recruitment Agencies
- 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 Recruitment Agencies — Saves 3-4 hours per week on placement fee reconciliation and temporary worker payment matching for an agency processing 50+ placements per month
- Software compatible — Output works directly with Xero, Sage, Bullhorn
Import Steps for Recruitment Agencies Using Taxfiler
As recruitment agency owner, 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 Recruitment Agencies
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 + Recruitment Agencies