Average daily balance (giacenza media) necessary for italian taxes

@Recchan your contribution in this topic is not only useless, but even toxic.
We just want Revolut to understand that we, as italian customers, need this in order to pay what we have to.
We just want Revolut to give an answer.

Is it particularly hard to calculate an average daily balance?

It isn’t if you have a few transaction.
It is if you have tons of transactions and you have to manually put it in Excel.
If you think it’s easy to automate the job starting from the xls downloaded from the app, spend 5 minutes of your precious time, do it and donate the file to the community.

You’re assuming everyone should be able to use spreadsheets in order to pay taxes, this is a stupid assumption.

If Revolut develops an internal feature which is able to calculate this (as N26 does) it would be more efficient for everyone.

Please avoid keep posting here if you just want to say that you don’t care about italian customers and don’t want Revolut to care, too.

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It’s certainly much easier for Revolut to provide this (hello data driven company)
than by using their weird csv export which does not even have ISO dates…

Usually, a company entering a market caters to the (essential) needs of the users to attract them.

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@DeXeD
Am I seeing this correctly that additionally to the export sheet the start/end date as well as balance before the first transaction is needed?

The average balance then could be determined with the “balance” column. That non-ISO date might still cause issues.

Can I ask why you need all of your transactions? Surely to work out an average daily balance you would just need… your balance, once a day, at its highest

Does this change the substance of my post? You should manually add 300+ entries on a xls file created on purpose.

Why do I need to do that? You’re not being very clear :grimacing: or maybe I’m missing something?

I guess you are missing that there are sometimes multiple transaction per day and sometimes none, in which case the closing balance of prior dates must be used (which could also be from a previous year). In addition, their statement itself is a joke as they are not using a standardized date format. Plus you have to do it for every account/currency, 7 times in my case.

I would say it is certainly doable for someone with some programming or excel skills, but even then it is very inconvenient and takes at least an hour to get right in all cases. For everyone else it is a major PITA, and Revolut could easily just provide a more detailed export.

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I don’t know what there is to discuss about this. The Italian tax office wants that information and Revolut does not provide an easy way to do so and so the Italian customers are asking Revolut for help.

End of story.

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Tbh, this whole thread is more a case for a standardised account statement format. Then calculations like this across multiple accounts would be trivial - it would just need a simple bit of software.

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How much is an automated service for this worth to an Italian? :thinking:

Not enough to get each bank to write it into their software.

I’m saying there may very well be someone on the forums who would make it as a subscription kind of deal