A bank statement is a very basic and essential part of a bank’s workflow. A bank statement is known as the record which is sent to the account holder at every month’s end. It contains all the transactions and taxes deducted from the account during the month as well as the record from all the previous statements from all the entirety of the time the account was active. It is the responsibility of the consumer/account holder to carefully checks and keep in order all of the financial transaction records.