What is meant by Account statements?
Bank statements are detailed records of all transactions that have taken place in a bank account over a specific period. They include information on deposits, withdrawals, balances, and other account movements. Bank statements are essential tools for monitoring and reconciling bank accounts and are used for both business and personal financial management.
Typical features of software in the area of bank statements include:
- Automatic Import: Ability to automatically import bank statements from various banks, e.g., via interfaces like HBCI, FinTS, or API connections.
- Transaction Categorization: Automatic categorization and allocation of transactions to the corresponding accounts or cost centers.
- Account Reconciliation: Support for reconciling bank accounts with internal accounting records to identify and correct discrepancies.
- Transaction Search: Quick and easy search for specific transactions within bank statements.
