TurboTax + Annual Company Accounts: Complete Workflow
Preparing for annual company accounts and using TurboTax? Preparing annual accounts for Companies House requires reconciling a full year of bank transactions. Many small companies still rely on PDF statements from their bank. BankScan AI bridges the gap between your bank's PDF statements and TurboTax's import feature.
BankScan AI → TurboTax for Annual Company Accounts
Convert bank statement PDFs to CSV formatted for TurboTax import. Convert your full year of bank statements to Excel for fast reconciliation, trial balance preparation, and Companies House filing.
How It Works
Upload your bank statement PDF
Supports all major banks. Upload Full financial year (12 months), aligned to the company's accounting reference date of statements.
AI formats for TurboTax
Output as CSV with N/A — TurboTax is tax filing software. Use BankScan AI output as a working reference to complete income and deduction sections. — dates in MM/DD/YYYY (for reference).
Import and use for annual company accounts
Upload into TurboTax and use the reconciled data for annual company accounts.
Supported Banks
BankScan AI works with all major UK and US banks, including:
TurboTax + Annual Company Accounts Features
- TurboTax ready — Output formatted as CSV matching TurboTax's expected column structure
- Smart integration — TurboTax's expense finder feature works alongside BankScan AI data — cross-reference your converted statements with TurboTax's deduction suggestions for maximum tax savings.
- Built for Annual Company Accounts — Convert your full year of bank statements to Excel for fast reconciliation, trial balance preparation, and Companies House filing.
Import for Annual Company Accounts into TurboTax
After converting your bank statements for annual company accounts:
- TurboTax doesn't import bank CSVs directly
- Use BankScan AI to convert PDFs to Excel, then sort transactions by category to identify deductible expenses for manual entry into TurboTax
Common Import Issues
No direct import. Common mistake: trying to upload CSV into TurboTax. Instead, use the spreadsheet to verify W-2 income, identify 1099 payments, and find deductible expenses.
TurboTax Import for Annual Company Accounts
Accounts must be filed within 9 months of the accounting year-end for private companies; late filing penalties start at 150 GBP and escalate to 1,500 GBP
Convert for TurboTax + Annual Company Accounts