A bank statement is a critical piece of information for any individual or business. It is a document, either in paper or digital form, that summarizes all the financial activity in an account over a given period of time. Bank statements provide detailed insights into spending habits, income sources, and other aspects of a person or institution’s finances. For businesses, bank statements are essential for tracking revenue, expenses, and cash flow. They also serve as an important tool for compliance with government regulations. By examining a bank statement thoroughly, individuals and businesses can gain a comprehensive view of their financial health.