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How To Decode Your Bank Transactions?

Decoding means that you should explain what each bank transaction is meant for.

Please decode your bank transactions whenever you are exporting them into an excel spreadsheet. Write a small description explaining what each transaction is for in the first blank column in the far right of the spreadsheet. Example shown below.

Additional steps when using macOS or Apple Numbers.

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I'm using Windows (XP, Vista, 7, 8, 8.1, 10, 11)

• If you are using Microsoft Windows and Microsoft Office you don't need to take any extra steps.
• If you need some free software to open .csv or (.xlsx, .xls) files then you can see our page on Free Software - Excel Online, Google Sheets, Libre Office or Open Office.

Fig 1: Example of decoded bank transactions.

For example for an income transaction which you have received money you can simply write income on the very last blank column (to the right) of the excel sheet For rent, insurance, power, petrol you can write rent, insurance, power, or petrol respectively. Another example is if the transaction is for personal purposes then simply write personal.

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Additional Steps for macOS Computers/Apple Numbers

• If you are using macOS and Apple Numbers then please make sure that the file you send to us is saved as an excel or csv file format (.xlsx, .xls or .csv). We are unable to open .numbers file formats.
• Video Tutorial: Convert an Apple Numbers File to Microsoft Excel using Numbers on macOS
• Alternatively you can convert a .numbers file to .xlsx using icloud.com online for free (you need to have an apple account).
• Instructions: Convert a .numbers file to ".xlsx" using icloud.com
• You can use Free Software Excel Online, Google Sheets, Libre Office or Open Office to export your transactions in a format that we can use.

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While we have made every attempt ensure that the information on this website is accurate, it should NOT act as a substitute for professional advice. Do not act solely based on this information alone. Always consult a professional such as a tax agent and or tax advisor of Tax Matterz based in Auckland, New Zealand (formerly Tax Matters) as each situation and circumstance may vary. Read our disclaimer here.

Get In Touch With:
Tax Matterz
Accounting & Taxation Services, Auckland, NZ
Phone: +64 21 024 64 212
Email: info@taxmatterz.com
Website: www.taxmatterz.com