diff --git a/ledger/transaction.go b/ledger/transaction.go
index 73bb692..a498440 100644
--- a/ledger/transaction.go
+++ b/ledger/transaction.go
@@ -7,6 +7,8 @@ import (
 	"io"
 	"os"
 	"regexp"
+	"strconv"
+	"unicode"
 )
 
 type transaction struct {
@@ -69,11 +71,28 @@ func readTransaction(r *bufio.Reader) (transaction, error) {
 	} else if len(dateDescriptionMatches[0]) != 3 {
 		return transaction{}, fmt.Errorf("bad first line: %v submatches: %q", len(dateDescriptionMatches[0]), firstLine)
 	}
+	result := transaction{
+		date:        string(dateDescriptionMatches[0][1]),
+		description: string(dateDescriptionMatches[0][2]),
+	}
 
-	date := string(dateDescriptionMatches[0][1])
-	description := string(dateDescriptionMatches[0][2])
-
-	return transaction{}, fmt.Errorf("need to parse more of %q/%q", date, description)
+	for {
+		name, value, currency, err := readTransactionAccount(r)
+		if name != "" {
+			if currency == "" {
+				result.payee = name
+			} else {
+				result.recipients = append(result.recipients, transactionRecipient{
+					name:     name,
+					value:    value,
+					currency: currency,
+				})
+			}
+		}
+		if name == "" || err != nil {
+			return result, err
+		}
+	}
 }
 
 func readTransactionLeadingWhitespace(r *bufio.Reader) {
@@ -96,8 +115,17 @@ func readTransactionLeadingWhitespace(r *bufio.Reader) {
 }
 
 func readTransactionLine(r *bufio.Reader) ([]byte, error) {
+	for {
+		b, err := _readTransactionLine(r)
+		if err != nil || (len(bytes.TrimSpace(b)) > 0 && bytes.TrimSpace(b)[0] != '#') {
+			return b, err
+		}
+	}
+}
+
+func _readTransactionLine(r *bufio.Reader) ([]byte, error) {
 	b, err := r.Peek(2048)
-	if err != nil && err != io.EOF {
+	if len(b) == 0 {
 		return nil, err
 	}
 
@@ -108,5 +136,47 @@ func readTransactionLine(r *bufio.Reader) ([]byte, error) {
 
 	b2 := make([]byte, endOfLine)
 	n, err := r.Read(b2)
+	if err == io.EOF {
+		err = nil
+	}
+
+	if check, _ := r.Peek(1); len(check) == 1 && check[0] == '\n' {
+		r.Read(make([]byte, 1))
+	}
+
 	return b2[:n], err
 }
+
+func readTransactionAccount(r *bufio.Reader) (string, float64, string, error) {
+	line, err := readTransactionLine(r)
+	if err != nil {
+		return "", 0, "", err
+	}
+
+	if len(line) > 0 && !unicode.IsSpace(rune(line[0])) {
+		r2 := *r
+		*r = *bufio.NewReader(io.MultiReader(bytes.NewReader(line), &r2))
+		return "", 0, "", nil
+	}
+
+	fields := bytes.Fields(line)
+	switch len(fields) {
+	case 1: // payee
+		return string(fields[0]), 0, "", nil
+	case 2: // $00.00
+		b := bytes.TrimLeft(fields[1], "$")
+		value, err := strconv.ParseFloat(string(b), 64)
+		if err != nil {
+			return "", 0, "", err
+		}
+		return string(fields[0]), value, string(USD), nil
+	case 3: // 00.00 XYZ
+		value, err := strconv.ParseFloat(string(fields[2]), 64)
+		if err != nil {
+			return "", 0, "", err
+		}
+		return string(fields[0]), value, string(fields[3]), nil
+	default:
+		return "", 0, "", fmt.Errorf("cannot interpret %q", line)
+	}
+}