In this case, lenders can use the past few years of bank statements to determine the company's net income and, thus, how much the business owner can comfortably afford to pay each month toward a ...

Bank statements are necessary for loan applications ... However, a creditor or insurance company may ask that you present older tax returns, so it's a good idea to keep a secure digital archive ...

Let's say during Company ABC's quarterly account reconciliation process, it notices a discrepancy between its ledger balance of $10,500 and the bank statement showing $10,200. Upon review ...