Add up the deposits and withdrawals you have listed in your personal register, through the statement date.
BALANCE CHECKBOOK HOW TO
Here’s how to reconcile your bank account with pen and paper. Now you can start to balance your checkbook. It should also include your ending account balance on the date the statement was generated. This usually lists the balance from the previous month’s statement, along with deposits, other credits, debit and check that have been cleared through the bank. Your bank or credit union should issue a monthly account statement in the mail or online. Even if you do use online banking, you should still hold on to paper receipts in case of any dispute about online data. If you have online banking, you can get an up-to-date list of transactions online. Hold onto any important transactions receipts until you’ve balanced your checkbook for the month. Basically, track any activity that has passed through your bank account for the month you are balancing. Your list should include purchases, withdrawals, deposits and bank charges. A checkbook register, notebook or spreadsheet on your computer can all work as a register. Keep track of all your transactions in your register. To balance your checkbook you will need: List of Transactions This could save you from overdraft fees and other penalties. It is still in your best interest to review account activity once a month to help you keep track of what you’re spending and identify errors or incorrect charges. With the invention of online banking, some people might not even know how to write a check or have a checkbook at all. Knowing how to balance your checkbook, also known as bank reconciliation, might not be as important today as it used to be in the past.