A Bank Statement Includes
An account statement or a bank statement is a summary of all financial transactions occurring over a given period of time on a deposit account, a credit card, or any other type of account offered by a financial institution. A good way to understand the nature of banking functions is to examine a bank statement and study the various items of assets and liabilities. Issuing a statement of condition is not left to the discretion of the bank; it is required by law. This Cashbook module allows companies to upload a bank statement and algorithms are applied so that cash receipts and manual payments are automatically allocated. The module can automate anything from 30-80% of your daily cash transactions.