Tracking your transactions is crucial to keep a clear and accurate picture of your business's financial health. You want to have your own statement for finance and accounting purposes, even though you will receive monthly bank statements. 

In this article, you will learn all about bank statements, how they are made and why you need to have a bank statement template of your own to keep an accounting record more easily.

Remember that making your own bank statement template won't be an official financial document. Yet, it will be very useful for many other reasons:

• You will keep your monthly transactions well-presented and organized
• It will let you easily calculate amounts with formulas
• You will be able to reconcile your monthly statements
• You can check for discrepancies and possible fraudulent transactions
• You can prove that a certain transaction was made at a certain date
• Lets you analyze your bank statement data using spreadsheet programs like Excel and Google Sheets
• You will save time uploading your bank statement data into your accounting software

Each financial institution might differ slightly from others in making its bank statement templates. But they usually have the same components, which we will see next.

Bank’s Basic Information

In a bank statement template, relevant information and details of a bank should be properly mentioned. 

This will include the name of the bank, address, contact number, email address, etc.

Details of the Account Holder

Just like it happens with the bank, the details about the account holder should also be stated, including their name, contact details, address, email address, etc. 

The account holder can be an individual person or be referred to as a business account. Yet, the basic information for both cases should be the same.

Account Information

The account details will include the complete account title and the account number of account holders.

The account details should be carefully mentioned in the bank statement. 

Date of Statement

It is the date or the time period when the bank statement was issued and should also be carefully mentioned in the bank statement.

Details of Transactions

It covers most of the bank statement area, as it is the most important part of the document. 

This is where you list all the transactions on the bank account that took place during a certain period, along with their details and dates.

An effective bank statement template lists them in chronological order, and it's the duty of banks to make sure that each transaction is included in the bank statement.

Summary

It is very important to include a brief summary of the account, usually after the details of transactions. 

For a particular account, this summary will include total deposits, opening balance, closing balance, and total withdrawals at the end of the specified period.

As we stated above, you can use a bank statement to reconcile the information on your account and check if there is any mistake. If you find discrepancies, you must report it right away to your bank, writing a formal letter or giving them a phone call. 

Financial institutions and banks will issue bank statement templates to account holders, showing all the transaction details in the account. You can see information about the financial activity within a month or a certain period.

Use these bank statements to learn more about your spending habits and check out if there is any discrepancy or error.

This template is a simple and basic example of how a bank statement is structured, where you will see the account number, bank name, account balance, and transactions. 

You can get it as a Word document from TemplateLab.

Formal Bank Statement Template

This template utilizes white space to give a sense of formality. Regardless, it is divided into four pages that include every piece of information needed to make your bank statement template.

You can have it for free from BestyTemplates.

Bank of America Statement Template

This template is an example of how a Bank of America statement would look. It is one of the largest multinational banks worldwide and near the top of the US. So, many people might find it useful to grab a template from them and reconcile their accounts.

You can download this Word document from BankStatements.

Bank Statement Excel Template

This template is specially designed for Excel, making fair use of spreadsheet software. You can start by filling in details about your business and then recording your transactions or extracting them from your bank statements. 

You can download it from DocParser.

Fake Bank Statement Template

Fake bank statements are only used as a demonstrative tool, as you might see in this one about an HSBC account. It will guide you on making your own and using the "information" written as a reference.

You can download it from TemplateLab as a Word document.

Extensive One-Page Bank Statement Bank

This template gathers all the necessary information on one page without feeling too overdone. It comes with pre-filled details to better guide your way through.

You can download it from BestyTemplates as a Word document.

Robinhood Bank Statement Template

Robinhood is no traditional bank. It is a digital trading platform that some might use as a bank. And like every bank, Robinhood provides its customers with monthly bank statements. Although it is much simplified, it goes directly to the transaction summary, skipping the details.

You can download it as a Word file from BankStatements.

Sample Bank Statement Template

This template will allow you to create a professional-looking bank statement without skipping any detail, ready to print and reconcile with the one sent by your bank.

You can download it as a Word document from TemplateLab. 

Professional Bank Statement Template

This bank statement template goes straight to the numbers and details. You will have a large table to introduce every transaction in your account over a certain period.

You can download it as a Word file from BestyTemplates.

BlueVine Bank Statement Template

BlueVine is a financial technology company that provides help to small businesses to flourish. This template serves the same purposes like the rest, and it re-arranges things around, with the summary above the details of the transactions.

You can download it as a Word file from BankStatements.