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When it comes to bank statement format, the most common way of doing this is to lay them out by either chronological order or by quarter. You can also use a combination of these. This works especially well if you have a lot of information to store. However, in Excel, the numbering system is relatively simple.
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If you use two banks, you can sort the bank statements for all the banks in order by their holdings and then sorting the remaining statements by quarter. Excel will take care of the rest. It’s probably easier to go through all the statements and sort them this way rather than manually sort them into descending order by quarter. If you can’t handle this type of data, you should at least look at all the statements and arrange them in descending order by the quarter in which they were received. There’s a lot of data here, so it should be manageable.
However, there are other benefits to this, as well. If you use this method of bank statement formatting, it makes it much easier to make comparisons between bank accounts. First, you can see how long your payments have been on the books for, and how long they were delinquent. Secondly, if you’ve been close to paying your bills, you can compare your long-term payments with the amount of cash in your account.
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In some cases, this will be enough to tell you whether it’s time to take advantage of any financial incentives such as credit cards or to continue to pay your bills. You can also compare credit card balances with each other. Once you’ve done this, you can see how much you need to do to get yourself into balance.
So, what’s next when it comes to bank statement format? You can use the alphabetical column order, which is the same for all accounts or sort them by the last date of the activity. This will allow you to see all the transactions from the earliest date possible and sort them accordingly.
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However, don’t feel too guilty if you have a monthly statement that only shows the first six months of the year. You can easily reverse the order of this month’s statement and then you’re back to square one.
If you don’t have the time to do it by hand, you can also find a bank statement format available online. However, you should make sure you’re purchasing an updated version so that you’re not having to manually update your bank’s web page to match this format.
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Whatever you decide to do with your bank statement format, it should be done quickly and you should make sure it’s accurate before printing it. If it is printed incorrectly, you could end up paying a lot more than you should.