How to Analyze Bank Statements in Excel

1. Prepare the source and scope

Import transactions.csv into a new worksheet with headers in row 1. Leave the source columns in their original order for the formulas below. Review the data dictionary before choosing the reporting period. Keep identifiers as text and convert numeric columns explicitly. Save a working copy so you can return to the original fixture.

2. Build the calculation

Sum the signed amount column. Add the result to an independently confirmed opening balance to calculate closing cash.

=SUM(E2:E13)

3. Reconcile and interpret the output

The expected check is net cash movement: 13645 USD. Receipts exceed payments by this amount across the two months. This is cash movement, not accounting profit. If your result differs, inspect the selected rows, data types and date filters before changing the formula.

4. Adapt the workflow to a recurring report

Replace the sample with a copy of your own source, retaining the same column meanings and units. Extend bounded ranges to include new rows, refresh PivotTables where used, and compare the result to an independent source total. Record the reporting period and any exclusions beside the output. Transfers, loan proceeds and refunds require separate classification before interpreting cash as revenue.