Advice 1: Looks like a Bank statement

Bank statement is a financial document that reflects the cash flows at the current or the current account. It is a copy of the records on the current account in the Bank.
Looks like a Bank statement

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.

Advice 2: How does the Bank statements

Today every company and almost every entrepreneur has a Bank account. The transactions it is accompanied by a design and receiving several types of documents, the most important of which is a Bank statement. However, not all aspiring accountants know what she looks like, and what kind of calculations are reflected in it.
How does the Bank statements
To find out how does the Bank statement, it is enough to ask the specialist servicing your account to present you this document. In fact, the Bank statement is a summary report of all transactions on the current account for a certain period of time. It is a reliable source of information on the receipt and withdrawal of funds, and the amount of commissions charged by the Bank for transactions.

The composition of the extracts


Any Bank statements contain the following mandatory particulars:
• name of the Bank;
• the date of the transactions;
• the name and account number of the client;
• account currency;
• opening balance on account;
• view of financial transactions;
• BIC of the recipient/sender and the correspondent account;
• the account number of the customer;
• number and amount of payment documents received or sent during the business day;
• outgoing account balance.

The Bank considers itself a debtor of its customers, so write-offs are reflected under the debit, and crediting – the loan. Statements are generated for each operating day during which the account was cash flow. Legal entities account statement issued the next day after the transaction.

Types of extracts


At the request of the customer banking professionals are required to provide a statement for any specified period or during the lifetime of the account. In addition, you can get the extended account statement. In addition to the information specified in the regular statement, this document reflects the name of the company-contractor, and the basis for the transaction or payment. Therefore, the extended statement is very informative. It enables the accountant of the company not only to keep track of all account transactions, but also to visually see what items or services were paid, and for carrying out any operations charged with the Commission of the Bank.

There are some banking regulations that reglamentary the procedure for provision of statements.
• Statement may not be verified by the stamp and signed by a Bank specialist. However, if it is necessary to provide to the tax Inspectorate or other regulatory authorities, to have a mark of the Bank necessarily.
• In case of loss statement, the Bank will provide you with a duplicate for a fee.
• Statements are provided on all customer accounts, including Deposit and current accounts of citizens.
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