Doing so can help detect fraud, accounting errors and refresh your memory of the period’s activities.
What is the purpose of a bank statement?Ī bank statement helps you review your account’s activities during a certain period. Let’s learn more about how to make the most of your bank statement.
It provides a record of your money and regular reviews of your bank statements can be helpful for tracking expenses, spotting potential accounting errors and identifying fraudulent activity. A bank statement is a detailed summary of all the financial activities for an account over a specific time period, highlighting the comings and goings of your finances.
