What is the difference between statement amount and current balance?

My statement amount is higher than current balance.|||Statement amount is what your account funds were at the date your statement was produced and issued.





Current amount is more up to date 'as at' today. If it differs from statement amount then you have either removed or added funds|||The "statement amount" is you balance for all transactions that cleared as of the closing date. Usually the end of t he month. The "current balance" is what you believe you have in the account given the additional transactions.





To bring these two values into agreement we do what is called reconciliation.