Uploading Banks Statements

To upload and process bank or credit card statements in Tax-Time-Saver (TTS), follow these steps:

1. Navigate to the Bank Statements Tab:

   • Ensure you are in the "Bank Statements" tab for the selected client.

2. Select the Appropriate Upload Option:

   • Click "Upload Bank Statement" for bank account statements.
   • Click "Upload Credit Card Statement" for credit card statements.

3. Choose Files to Upload:

   • Click "Select Files" and choose one or more files to upload.
   • After selecting the files, click "OK" to begin the upload process.

4. File Processing:

   • The selected files will be uploaded and processed automatically.
   • The average processing time for a file is approximately 1 minute.

5. Manage Processing Time:

   • If you prefer not to wait for all files to finish processing, you can scroll through the Processing Status window and click "Close".
   • The files will continue processing in the background.
   • Once processed, the statements will appear in the Statements List.

6. Continue Working:

   • While the files are being processed, you can review previously processed bank transactions or upload additional files for other clients.

7. Exporting Processed Files:

   • After the files have been read, you can immediately export the data to Excel or QBO format.

8. Verification:

   • It is recommended to verify that the files are balanced.
   • Check if the opening balance and closing balance read by TTS match the balances shown on the original statement.
   • Additionally, verify that the sums of Credit and Debit transactions are correct.
   • If you find any discrepancies, hover over the statement in the Statements Table and click the "Bank Transactions" button.

9. Adjusting Transactions:

   • In the Bank Transactions view, you can review the transactions and make corrections as needed.
   • You can edit, add, or delete transactions to reconcile the statement before exporting it to Excel or QBO.

By following these steps, you can ensure a smooth and efficient workflow when uploading, processing, and verifying bank or credit card statements in TTS.