Taxfiler + Restaurants & Hospitality: Faster Bank Import
Restaurants process hundreds of card transactions daily, plus supplier payments. Reconciling bank statements with POS data is a major headache. If you use Taxfiler for your accounting, you need a fast way to get bank statement data into the system.
BankScan AI for Restaurants & Hospitality Using Taxfiler
BankScan AI converts any bank statement PDF to CSV formatted for direct import into Taxfiler. Upload your restaurant bank statements and get clean spreadsheets to reconcile against your POS system, suppliers, and HMRC VAT returns.
The Restaurants & Hospitality + Taxfiler Workflow
Restaurant owners or their bookkeepers reconcile daily card terminal settlements against POS end-of-day reports, match supplier invoice payments, track staff wages and tips, and prepare weekly or monthly cash flow summaries. VAT returns require splitting transactions between standard-rated food sales, zero-rated takeaway, and exempt items.
Key terms you'll encounter: POS reconciliation, card terminal settlement, tronc scheme, wet sales.
How It Works
Upload any bank statement PDF
Supports all major banks. Saves 3-4 hours per week on daily POS-to-bank reconciliation and supplier payment matching for a typical restaurant with 200+ daily transactions
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 Restaurants & Hospitality
- 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 Restaurants & Hospitality — Saves 3-4 hours per week on daily POS-to-bank reconciliation and supplier payment matching for a typical restaurant with 200+ daily transactions
- Software compatible — Output works directly with Xero, MarketMan, QuickBooks
Import Steps for Restaurants & Hospitality Using Taxfiler
As restaurant 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 Restaurants & Hospitality
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 + Restaurants & Hospitality