Wise Statements + Tax Advisors Workflow
As tax advisor, you regularly handle Wise bank statements. Tax advisors need to review multiple years of bank statements during tax investigations or self-assessment preparation.
BankScan AI: Wise to Excel for Tax Advisors
BankScan AI converts Wise statements to Excel automatically — handling DD-MM-YYYY and multi-currency layout with separate transaction lists per currency, each showing Amount, Fee, Exchange Rate, and Balance. Batch-convert entire folders of bank statement PDFs into structured spreadsheets to speed up tax return preparation and HMRC enquiry responses.
About Wise Statement Format
Wise multi-currency statements include transactions in multiple currencies with exchange rates. BankScan AI preserves currency codes, rates, and fee breakdowns.
Wise Statement Quirks
Wise uses DD-MM-YYYY with multi-currency layout with separate transaction lists per currency, each showing Amount, Fee, Exchange Rate, and Balance. Common issues: Multi-currency accounts generate separate sections per currency that can fragment during parsing, transfer fee breakdowns add extra rows between transactions, and the mid-market exchange rate details create additional text within each transfer entry. BankScan AI handles all of these automatically.
How Tax Advisors Handle Wise Statements
When working with Wise statements, tax advisors need to Tax advisors collect bank statements alongside P60s, dividend vouchers, and rental income records to prepare self-assessment returns. During HMRC enquiries, they must review multiple years of statemen
Key terms you'll encounter: self-assessment, HMRC enquiry, information notice, tax computation, capital allowances.
How It Works
Upload Wise statement
Drag and drop your Wise PDF. Supports PDF, CSV. Our AI handles DD-MM-YYYY automatically.
AI parses the statement
Our AI understands Wise's multi-currency layout with separate transaction lists per currency, each showing Amount, Fee, Exchange Rate, and Balance and extracts every transaction with 99%+ accuracy.
Use in your tax advisors workflow
Download Excel ready for TaxCalc, Taxfiler or direct analysis.
Wise + Tax Advisors Features
- Each transfer shows — the mid-market exchange rate used alongside the fee charged
- Multi-currency balances generate — independent statement sections per currency
- Built for Tax Advisors — Saves 2-3 hours per complex self-assessment return during tax season, and up to 8 hours when responding to HMRC enquiries requiring multi-year statement analysis
- Software compatible — Output works directly with TaxCalc, Taxfiler, IRIS
Convert Wise Statements — Built for Tax Advisors
Handles DD-MM-YYYY dates, multi-currency layout with separate transaction lists per currency, each showing Amount, Fee, Exchange Rate, and Balance, and PDF, CSV formats automatically.
Convert Wise Statements Free