If you have an open account with a financial institution, you’ll receive a statement for that account periodically. What is an account statement? In simplest terms, it’s a summary of the transactions ...

A bank statement provides an overview of activity in your account over a certain period of time, usually one month. Among other things, going over your bank statement can help you spot fraudulent ...

Reconciling your business bank account monthly ensures you’ve correctly accounted for all transactions. It’s also the best way to catch and correct any missed or potentially fraudulent transactions.

Text Callout : Key Takeaways – Why You Should Check Your Bank Statement Every Month A bank statement provides an overview of activity in your account over a certain period of time, usually one month.