diff --git a/tests/test_data_posting_meta.py b/tests/test_data_posting_meta.py
new file mode 100644
index 0000000000000000000000000000000000000000..7f091afd2385fdc1b3e13d6639f24b1845ef5f65
--- /dev/null
+++ b/tests/test_data_posting_meta.py
@@ -0,0 +1,95 @@
+"""Test PostingMeta class"""
+# Copyright © 2020  Brett Smith
+#
+# This program is free software: you can redistribute it and/or modify
+# it under the terms of the GNU Affero General Public License as published by
+# the Free Software Foundation, either version 3 of the License, or
+# (at your option) any later version.
+#
+# This program is distributed in the hope that it will be useful,
+# but WITHOUT ANY WARRANTY; without even the implied warranty of
+# MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+# GNU Affero General Public License for more details.
+#
+# You should have received a copy of the GNU Affero General Public License
+# along with this program.  If not, see <https://www.gnu.org/licenses/>.
+
+import pytest
+
+from . import testutil
+
+from conservancy_beancount import data
+
+@pytest.fixture
+def simple_txn(index=None, key=None):
+    return testutil.Transaction(note='txn note', postings=[
+        ('Assets:Cash', 5),
+        ('Income:Donations', -5, {'note': 'donation love', 'extra': 'Extra'}),
+    ])
+SIMPLE_TXN_METAKEYS = frozenset(['filename', 'lineno', 'note'])
+
+def test_getitem_transaction(simple_txn):
+    assert data.PostingMeta(simple_txn, 0)['note'] == 'txn note'
+
+def test_getitem_posting(simple_txn):
+    assert data.PostingMeta(simple_txn, 1)['note'] == 'donation love'
+
+def test_getitem_keyerror(simple_txn):
+    with pytest.raises(KeyError):
+        data.PostingMeta(simple_txn, 1)['InvalidMetadata']
+
+def test_setitem_overwrite(simple_txn):
+    meta = data.PostingMeta(simple_txn, 1)
+    meta['note'] = 'overwritten'
+    assert meta['note'] == 'overwritten'
+    assert data.PostingMeta(simple_txn, 0)['note'] == 'txn note'
+
+def test_setitem_over_txn(simple_txn):
+    meta = data.PostingMeta(simple_txn, 0)
+    meta['note'] = 'overwritten'
+    assert meta['note'] == 'overwritten'
+    assert simple_txn.meta['note'] == 'txn note'
+    assert data.PostingMeta(simple_txn, 1)['note'] == 'donation love'
+
+def test_setitem_new_meta(simple_txn):
+    meta = data.PostingMeta(simple_txn, 0)
+    meta['newkey'] = 'testvalue'
+    assert meta['newkey'] == 'testvalue'
+    assert 'newkey' not in simple_txn.meta
+    assert 'newkey' not in simple_txn.postings[1].meta
+
+def test_delitem(simple_txn):
+    meta = data.PostingMeta(simple_txn, 1)
+    del meta['note']
+    assert 'note' not in simple_txn.postings[1].meta
+
+def test_delitem_fails_on_txn_meta(simple_txn):
+    meta = data.PostingMeta(simple_txn, 0)
+    with pytest.raises(KeyError):
+        del meta['note']
+
+def test_len_with_empty_post_meta(simple_txn):
+    assert len(data.PostingMeta(simple_txn, 0)) == len(SIMPLE_TXN_METAKEYS)
+
+def test_len_with_post_meta_over_txn(simple_txn):
+    assert len(data.PostingMeta(simple_txn, 1)) == len(SIMPLE_TXN_METAKEYS) + 1
+
+def test_iter_with_empty_post_meta(simple_txn):
+    assert set(data.PostingMeta(simple_txn, 0)) == SIMPLE_TXN_METAKEYS
+
+def test_iter_with_post_meta_over_txn(simple_txn):
+    assert set(data.PostingMeta(simple_txn, 1)) == SIMPLE_TXN_METAKEYS.union(['extra'])
+
+# The .get() tests are arguably testing the stdlib, but they're short and
+# they confirm that we're using the stdlib as we intend.
+def test_get_with_meta_value(simple_txn):
+    assert data.PostingMeta(simple_txn, 1).get('note') == 'donation love'
+
+def test_get_with_txn_value(simple_txn):
+    assert data.PostingMeta(simple_txn, 0).get('note') == 'txn note'
+
+def test_get_with_no_value(simple_txn):
+    assert data.PostingMeta(simple_txn, 0).get('extra') is None
+
+def test_get_with_specified_default(simple_txn):
+    assert data.PostingMeta(simple_txn, 0).get('extra', 'blank') == 'blank'