A Bank Statement is an essential financial document that provides a detailed summary of all transactions conducted in a bank account over a specified time period, typically monthly. It includes deposits, withdrawals, and any fees charged, along with the corresponding dates for each transaction. Understanding your bank statement is crucial as it helps monitor your financial health, budget your expenses, and reconcile your financial records accurately.
This document is used by individuals and businesses alike to track their financial activities and ensure accuracy in their bookkeeping. It plays a significant role in personal finance management, helping users identify spending patterns and detect any discrepancies that may require further investigation.
Extractable Data Fields
Below is a table listing the key data fields that Vaultedge can extract from Bank Statements. Please refer to the table below for detailed information.