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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.

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

How To Decode Your Transactions

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.

Additional Steps for macOS Computers/Apple Numbers

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.

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Accounting & Taxation Services, Auckland, NZ
Phone: +64 21 024 64 212