When you connect your bank, your year-end tax report gets two extra tabs that capture income and deductions your receipts don't cover.
🏦 BANK SUMMARY tab: • Income — Deposits auto-detected from known platforms (Stripe, Airbnb, Etsy, PayPal, etc.) • Potential income — Other deposits flagged for your review • Home expenses — Utilities, rent, mortgage, property tax, insurance • Tax deductions — Medical, charitable, education, retirement contributions • Business expenses — From bank that weren't captured as receipts
🏦 BANK TRANSACTIONS tab: • Every transaction for the year, categorized automatically • Editable category column — Reclassify any transaction and totals update instantly • Mark "potentialIncome" → "income" for deposits that are business revenue
📊 Flows into tax forms: • Business income auto-fills Schedule C Line 1 (or T2125 Line 7) • Home office expenses auto-fill the worksheet • All totals recalculate as you reclassify
💡 The bank fills the gaps — Receipts capture your expenses, the bank captures your income and deductions like home office, giving you a complete tax picture.