Bank Statement Analysis

Online banking has made reviewing statements and transferring money more convenient than ever before, but most still rely on external methods for looking at their personal finances. However, many banks will happily give you access to long-term transaction logs, and these provide a great opportunity to take a DIY approach.

Analysing a bank account statement to establish an evidence of receipts and payments, you can call it as financial investigation methodology, which is helpful to better cash flow of any business

It is also helpful in bank reconciliation which is an analysis and adjustment of differences between the cash balance showing on the bank statement and the amount shown in the account holder’s records,

This matching process involves making allowances for checks issued but not yet presented, and for check deposited but not yet cleared, and if discrepancies Persis, finding the cause and bringing the records into agreement.

For further information please contact us, our dedicated team will be happy to assist you