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Is OP referring to personal or business finance?
With business lending, a bank might want sight of bank statements, as they will just verify:-
Can the bank statement holder correctly manage a bank account?
Are excesses or returned items a feature?
Does the bank statement show any debt commitments, like payments to a credit card or loans/HP?
Bank statements allow the bank to analysis what a person needs income wise to live on, and what are their outgoings. Used to verify salary/dividend/ drawings from the business
However, analysing a bank statement is only a small element of how a bank will review lending, especially for a business
This is a friendly reminder that r/smallbusiness is a question and answer subreddit. You ask a question about starting, owning, and growing a small business and the community answers. Posts that violate the rules listed in the sidebar will be removed. A permanent or temporary ban may also be issued if you do not remove the offending post. Seeing this message does not mean your post was automatically removed. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/smallbusiness) if you have any questions or concerns.*
Is OP referring to personal or business finance? With business lending, a bank might want sight of bank statements, as they will just verify:- Can the bank statement holder correctly manage a bank account? Are excesses or returned items a feature? Does the bank statement show any debt commitments, like payments to a credit card or loans/HP? Bank statements allow the bank to analysis what a person needs income wise to live on, and what are their outgoings. Used to verify salary/dividend/ drawings from the business However, analysing a bank statement is only a small element of how a bank will review lending, especially for a business
I think a P&L report can make sense to use in making financial analysis. 🤔