TSB Statements + Contractors & Freelancers Workflow
As contractor, you regularly handle TSB bank statements. Contractors and freelancers juggling personal and business accounts need to separate expenses for tax purposes.
BankScan AI: TSB to Excel for Contractors & Freelancers
BankScan AI converts TSB statements to Excel automatically — handling DD MMM YY and single column with Type indicators, payment/receipt amounts, and running balance. Upload your bank statements and get organised spreadsheets that make expense categorisation and self-assessment tax returns straightforward.
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 Contractors & Freelancers Handle TSB Statements
When working with TSB statements, contractors & freelancers need to Contractors download bank statements from both personal and business accounts, separate allowable business expenses from personal spending, categorise expenses by type for self-assessment, and either
Key terms you'll encounter: IR35, director's loan account, allowable expenses, flat rate VAT, deemed employment.
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 contractors & freelancers workflow
Download Excel ready for FreeAgent, Xero or direct analysis.
TSB + Contractors & Freelancers Features
- Spend & Save — account cashback entries appear as monthly credit transactions
- TSB Fraud Refund — Guarantee reversal entries have a distinctive format
- Built for Contractors & Freelancers — Saves 1-2 hours per month on expense tracking and categorisation, plus 3-4 hours at year-end when preparing records for self-assessment
- Software compatible — Output works directly with FreeAgent, Xero, QuickBooks Self-Employed
Convert TSB Statements — Built for Contractors & Freelancers
Handles DD MMM YY dates, single column with Type indicators, payment/receipt amounts, and running balance, and PDF formats automatically.
Convert TSB Statements Free