Topic: Bank Statement
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Answers to Common Questions
What is a Bank Statement?
A bank statement is a document that allows you to keep track of your money at the bank. There are line items in the statement that record each time money is put in our taken out of the account. Read More »
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How to Reconcile a Bank Statement?
It looks more complicated than it actually is to reconcile a bank statement. Get your account to the point of zero and start from there. Write down the amount you are depositing into the account. Every time you make a withdrawal from an ATM... Read More »
Source: http://answers.ask.com/Business/Finance/how_to_reconcile_a_bank_s...
How Long to Keep Bank Statements?
I keep all of my bank statements by the year. For example, for January of 2009, I will hold onto that bank statement until my W2's come out in 2010 for this year. I know of others that keep theirs for five years or longer. There is no set t... Read More »
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Bank Statement
(n.) Monthly statement of account mailed by a bank to each of its customers with checking or other accounts, recording the banking transactions and current balance during a period and usually including canceled checks
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Answers to Other Common Questions
You should save your bank statements for 6 months to a year. However, once you are ready to get rid of the statements you should shred the paperwork.
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A bank statement will list all your transactions for the month, with any deposits and/or withdrawels made. Checks you have written will be listed by number, as well as any electronic transfers you have authorized.
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You will want to keep bank statements for three years from the time that you filed the taxes. You will have to keep your actual tax return forever. To find more information click here: http://www.kiplinger.com/columns/ask/arc...
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You should keep bank statements however long you feel is necessary, however the typical length is about two years. Anything longer than that becomes a little irrelevant.
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You can keep bank statement for about a year. Just make a neat folder for you to place the statements in then after a year you should shred the papers.
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A bank reconciliation statement is the method used by individuals and entities to check the accuracy of their own transaction register against the records of their bank. The use of your transaction register, or checkbook register, is the pr...
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Source: http://www.ehow.com/about_6620968_bank-reconciliation-statement_....
