A business bank statement tracks transactions, balances, and cash flow. Learn key components and tips for better financial management.

It's best to keep your own records as well. If you receive paper bank statements in the mail from your bank, collect and store them in a locked filing cabinet in a secure place at home.

The Palmdale couple has six credit cards through Synchrony Bank, and they receive paper statements. But Synchrony recently told the Galowitschs the paper statements would now cost $1.99 each.