Bank Statement
A periodic record from your bank listing account activity, opening balance, closing balance, and transactions over a statement period.
What is Bank Statement?
A bank statement is your bank's official record of account activity for a period, typically monthly. It shows opening balance, deposits, withdrawals, fees, and closing balance.
For cash management, the closing balance is ground truth for how much cash you hold. Accounting systems may show different numbers due to timing, pending transactions, or uncategorized entries.
Reconciling your internal cash tracking against bank statements catches drift: forgotten transactions, automatic fees, and interest credits that never entered your model.
Why it matters
Decisions based on tracked cash that diverges from the bank are decisions based on wrong data. Monthly reconciliation takes minutes and prevents weeks of incorrect runway calculations.
Bank statements are also the source document for upload-based balance verification without granting account access.
How RunwayCal helps
RunwayCal lets you upload bank statement PDFs or CSVs to extract closing balances for reconciliation. You confirm the number matches before it updates your treasury.
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Reconcile cash with bank statements
Upload a bank statement and verify your tracked cash matches your actual balance.
Upload statement → Start free