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3 and 6 months stamped Business statements

Question: What is the difference between Previous and Stamped Statements?

 

Previous Statements: A formal reconciled statement with an opening and closing balance according to your statements cycle.

Stamped Statements: A statement with an official bank stamp. The transactions are listed from the date of request, and date back 3 or 6 months.

 

Question: What are the different statements typically used for?

 

Previous Statements:

1.Record keeping (available up to 2 years online)

2.Statutory purposes

-Tax submission

-Auditing of financial statements

-Proof of transaction when there is a dispute (incl legal dispute)

  1. Input into financial statements (contains all cleared outstanding card authorisations; and cheques)

Stamped Statements:

  1. To provide to a third party:

-As proof of income 

-When applying for an account

  1. Check balance
  2. Check if someone has paid you before releasing goods
  3. Payment reconciliation
  4. Input into financial statements

 

 

251019_Final_3 and 6 months Stamped Statement Screens for Personal and OBB (002) (1)[1]-1.png

 

251019_Final_3 and 6 months Stamped Statement Screens for Personal and OBB (002) (1)[1]-2.png251019_Final_3 and 6 months Stamped Statement Screens for Personal and OBB (002) (1)[1]-3.png

 

251019_Final_3 and 6 months Stamped Statement Screens for Personal and OBB (002) (1)[1]-4.png

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Last update:
‎07-11-2019 12:00 PM
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