Balancing A Checkbook

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  • Keep your account register current by subtracting checks, debit card purchases, and withdrawals and adding deposits as they’re made to keep your account balanced correctly.
  • Balance your checking account within 72 hours of receiving your bank statement or online once a month to make sure there aren’t any mistakes.
  • What do I need to balance my account?
  1. Your account register
  2. Your last bank statement (in print or online)
  3. A reconciliation sheet (located on the back of most statements)
  • Where do I start?
    Start by putting check marks in your register for each of the checks, debit card purchases, and other withdrawals, as well as deposits included in your bank statement. Make an entry in your register for any bank service charges or interest paid.
Checking Account Register
Check
Number
Date Fee Transaction Description Payment Deposit Balance
$662.27
651 4/11 X Grocery Store 85.20 577.27
652 4/12 Utilities Company 75.50 501.77
4/15 Pay Day 1258.95 1760.72
653 4/18 Cable/Telephone Company 275.90 1484.82
654 4/21 X Bank Fee 2.50 1482.32
  • On the reconciliation sheet, list any checks, withdrawals, or other deductions that are in your register that are not on your bank statement and total the list.
  • On the reconciliation sheet, list any deposits that are in your register but are not included on your bank statement and total the list.
  • Beginning with the ending balance from your bank statement, subtract the total withdrawals and add the total deposits that were not on your statement.
  • Compare with your register balance. If they don’t agree, double check your lists and re-add your register entries until you find the difference. If the numbers will not agree, you’re probably missing a transaction in your register. Make sure every transaction on your statement has been recorded and try again. In some cases, you may need your bank’s help in getting your register to balance if you haven’t done it in a while.


List the balance from your bank statement $ 574.77

List the with draw amounts in your register that aren't on your statement:

Utilities Company       652   4/12    75.50
Cable/Telephone Company 653   4/18   275.90
Total $ 351.40 ( - from statement balance)

List the deposit amounts in your register that aren't on your statement:

Pay Day                       4/15  1258.95
Total $ 1258.95 ( + to statement balance)
This should be your register balance: $ 1482.32



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