TSB Statements + Construction Companies Workflow
As construction business, you regularly handle TSB bank statements. Construction firms juggle CIS deductions, subcontractor payments, material costs, and retention payments — all needing accurate bank reconciliation for HMRC.
BankScan AI: TSB to Excel for Construction Companies
BankScan AI converts TSB statements to Excel automatically — handling DD MMM YY and single column with Type indicators, payment/receipt amounts, and running balance. Convert your bank statements to Excel to quickly match CIS payments, subcontractor invoices, and material costs for VAT returns and CIS submissions.
About TSB Statement Format
TSB statements are formatted similarly to Lloyds. BankScan AI recognises the layout and applies the correct parsing rules.
TSB Statement Quirks
TSB uses DD MMM YY with single column with Type indicators, payment/receipt amounts, and running balance. Common issues: TSB Spend & Save cashback rewards appear as credit entries without a clear merchant description, the fraud refund guarantee entries use a unique format, and statements from the 2018 IT migration period may have duplicate or missing transactions. BankScan AI handles all of these automatically.
How Construction Companies Handle TSB Statements
When working with TSB statements, construction companies need to Construction companies process bank statements to match subcontractor payments against CIS deduction certificates, reconcile material supplier invoices, track retention payments held and released on p
Key terms you'll encounter: CIS deduction, retention payment, reverse charge VAT, application for payment, valuation.
How It Works
Upload TSB statement
Drag and drop your TSB PDF. Supports PDF. Our AI handles DD MMM YY automatically.
AI parses the statement
Our AI understands TSB's single column with Type indicators, payment/receipt amounts, and running balance and extracts every transaction with 99%+ accuracy.
Use in your construction companies workflow
Download Excel ready for Sage 50, Xero or direct analysis.
TSB + Construction Companies Features
- Spend & Save — account cashback entries appear as monthly credit transactions
- TSB Fraud Refund — Guarantee reversal entries have a distinctive format
- Built for Construction Companies — Saves 3-5 hours per month on CIS payment matching and subcontractor reconciliation, reducing errors that can trigger HMRC penalties
- Software compatible — Output works directly with Sage 50, Xero, Evolution M
Convert TSB Statements — Built for Construction Companies
Handles DD MMM YY dates, single column with Type indicators, payment/receipt amounts, and running balance, and PDF formats automatically.
Convert TSB Statements Free