Frequently Asked Questions to Save Money!

How many bank accounts will it handle?
How many years may I check?
My account often goes into credit. Will it handle this situation?
What if interest rates etc. change during the month?
Will it handle leap years?
Do I have to enter all transactions?
What does the program show?
Is this accepted by the banks?
I have heard of firms that provide a similar service
Is it easy to use?
Can't I do the same with a spreadsheet?
Will it run on Apple Mac?

How many bank accounts will it handle?
As many as your hard disk will allow. It has been designed to allow Accountants in Practice to store all of their clients' records. i.e. thousands of accounts and save money!

How many years may I check?
For as many years as you have the records.  You can save money from statements from 10 years ago!

My account often goes into credit. Will it handle this situation?
Yes! It has been designed for debit and credit balances.

What if interest rates etc. change during the month?
The option is available to enter Interest rate changes and the effective date of the change.

Will it handle leap years?
Yes! You may find that the banks have not given you the benefit of Leap Years.  That alone can save money - and save big money!

Do I have to enter all transactions?
No! You enter only the daily balances where a change has occurred.

What does the program show?
On Screen: Shows "daily balances" / "Interest Rates" / "daily interest" and "total for the month" plus "total credits". Also shows "cost of being over the limit". Print - Out: "Daily figures" plus "monthly total".

Is this accepted by the banks?
The banks have to accept the print-out. They cannot argue against what is in black & white. An internationally accepted formula has been used. It has been tested by a qualified actuary and an international accounting firm.

I have heard of firms that provide a similar service.
There are several firms that provide this service. They charge between $30 and $50 per monthly statement plus retain 20% of any mistakes discovered. i.e. $400 to $600 p.a. + a%.

Is it easy to use?
Yes! The Institute of Chartered Accountants in Australia described it as "user friendly".

Can't I do the same with a spreadsheet?
Yes, but it will not be "accepted" unless it is verified by an actuarial or major accounting firm.

Will It Run On Apple Mac ?
No. There are no plans for an Apple Mac Version.

 

If you have more questions about how Statementcheckers.com can save money for you, email savemoney@statmentcheckers.com