venmo-reconciler

name	venmo-reconciler
description	Reconcile Venmo business transactions and separate personal from business.

Venmo Reconciler

Overview

Import and reconcile Venmo transaction exports, separating personal transfers from business income/expenses. Venmo mixes social payments with business transactions in a single feed — this skill classifies each transaction, flags ambiguous entries for review, and imports business-relevant transactions into Open Accountant.

Wilson Tools Used

• transaction_search — check for duplicates and cross-reference with bank imports
• categorize — assign business categories to Venmo transactions
• anomaly_detect — flag transactions that look personal in a business context (or vice versa)
• export_transactions — export reconciled business transactions

Column Mapping

Venmo CSV Column	Open Accountant Field	Notes
ID	reference_id	Venmo transaction ID for dedup
Datetime	date	Transaction timestamp
Note	description	User-entered payment note
From	description (prefix)	Sender name
To	description (prefix)	Recipient name
Amount (total)	amount	Signed amount (+ received, - sent)
Status	—	Only import Complete transactions
Type	—	Payment, Charge, Transfer, etc.
Funding Source	notes	Venmo balance, bank, card

Workflow

1. Ask the user for the Venmo CSV file path.
2. Parse the CSV and validate Venmo column headers.
3. Filter by status: only Complete transactions.
4. Filter by type:
   • Import: Payment (sent/received money for goods or services)
   • Import: Charge (invoiced someone and they paid)
   • Skip: Standard Transfer and Instant Transfer (bank transfers, appear in bank import)
5. Classify each transaction as personal or business:
   • Business signals: notes containing keywords like "invoice," "payment for," business name, service description, dollar amounts > $100
   • Personal signals: notes with emoji, first-name-only, social language ("thanks for dinner," "splitting rent")
   • Ambiguous: flag for manual review
6. Present the classification for user confirmation:
   • Business transactions: import with appropriate categories
   • Personal transactions: skip (or import to a "Personal" category if user wants full tracking)
   • Ambiguous: ask user to classify each one
7. Deduplicate against existing transactions using Venmo ID.
8. Import confirmed business transactions.

Without Wilson

To reconcile Venmo transactions manually:

Downloading from Venmo

1. Log in at venmo.com (must use web, not the app)
2. Go to Statements (under Settings, or navigate to venmo.com/account/statement)
3. Select the date range (available in monthly chunks)
4. Click Download CSV
5. Alternative: In the Venmo app > Settings > Tax Documents for 1099-K if applicable (only if you exceed IRS thresholds: $5,000 in 2024+)

Manual Reconciliation in a Spreadsheet

1. Open the CSV. Venmo CSVs have some quirks:
   • The first few rows may be metadata — delete them so your header row is the first row.
   • Amounts may be formatted as + $50.00 or - $25.00 with spaces. Clean with Find & Replace: remove $, +, and spaces, then convert the column to Number format.
2. Filter out transfers: Remove rows where Type is "Standard Transfer" or "Instant Transfer."
3. Add a "Classification" column with values: Business, Personal, Review.
4. Classify by keyword search:

   =IF(OR(
     REGEXMATCH(Note,"(?i)invoice|payment for|consulting|freelance|order|service"),
     ABS(Amount)>100
   ), "Business",
   IF(OR(
     REGEXMATCH(Note,"(?i)dinner|lunch|drinks|rent|split|birthday|thanks"),
     LEN(Note)<10
   ), "Personal",
   "Review"))
   

5. Manual review: Go through "Review" rows and classify each one.
6. Business summary:

   Business Income:   =SUMIFS(Amount, Classification, "Business", Amount, ">0")
   Business Expenses: =ABS(SUMIFS(Amount, Classification, "Business", Amount, "<0"))
   

7. Tax note: If your Venmo business income exceeds $5,000/year (2024 threshold), Venmo issues a 1099-K. Your records should reconcile with this form.

Reconciliation Tips

• Cross-reference Venmo transfers to your bank account with your bank statement. The "Standard Transfer" amounts in Venmo should match deposits in your bank.
• If you use Venmo for Business (separate business profile), those transactions are pre-classified — export them separately.

Important Notes

• Venmo personal vs. business classification is a best-effort heuristic. Always review the results.
• Venmo notes are user-entered free text and often contain emoji, jokes, or vague descriptions. Categorization accuracy depends on note quality.
• The IRS reporting threshold for payment apps is $5,000 for 2024 and later tax years. If you receive business payments via Venmo above this threshold, you'll receive a 1099-K.
• Venmo "Standard Transfer" to your bank takes 1-3 business days. "Instant Transfer" is immediate but has a fee. Neither should be imported as revenue — they're just moving money to your bank.
• If you use both Venmo personal and Venmo for Business profiles, export and import them separately to avoid mixing.
• Venmo CSV downloads are only available through the website, not the mobile app.