What is Bank statement
The correct title of the document – "statement of Bank account". It contains all information about money transactions from the settlement account of the enterprise or individual entrepreneur. Statement allows the Bank customer to track the movement of funds on Bank account: depositing funds, made payments, Bank fees. Account statements are generated by the Bank automatically on a daily basis, if the account was the movement of funds. In any case, the client may request a statement of its settlement account at any convenient time.
All businesses are required to comply with cash discipline. This means that organizations, regardless of the type of taxation should be carefully filled in cash book, which records receipts and expenditure cash documents. Important place in it is Bank statements – they serve as a proof of cash revenue and expenditure of the company and the basis for calculating tax on the profit or USN or decrease the size of the costs. In any case, financial statements may not be accurate if the accountant has no current Bank statement from the Bank.
It looks like the Bank account statements
This document specifies:
- the date of the transaction account;
- type of financial transaction;
- the number of the document;
- BIC of the beneficiary Bank;
- correspondent account of the Bank;
- account of a payer;
- account of a recipient.
The cash flow stated in columns "Debit" and "Credit". Unlike the rules of accounting Debit the Bank account reflects the debit account and the Credit of the parish. Accountant of the enterprise should carefully review the compliance of Bank statements payment operations carried out. In case of discrepancies, immediately report to the Bank. For the reliability of the accounting necessary to keep statement together with the expenditure documents (payment orders), in order to avoid losses.
If you need to get a duplicate of the Bank statement, you need to write application to the Bank. Problems with the provision of copies of document should not occur, but the Bank charges for this procedure an additional fee. Individuals that actively use the settlement or the correspondent account, is also entitled to receive statements of account.
If a Bank account is required to provide to the regulatory authority, it must be signed by the technician who designed it and stamped by the Bank. In all other cases this is not required.