Look at your latest statement and verify that all deposits listed match the deposit amounts listed in your checkbook register. Make a list of any deposits that are listed in your register but do not appear on your statement.
Add these together. Tip : Use the worksheet on the back of your statement. Match the entries in your register with the transactions listed on your statement. Compare check numbers, dates, and dollar amounts on all checks written. Note: If you do not have cancelled checks or images returned with your statement, contact your branch and have them send a copy of the item in question.
Fees may apply. Be sure that all of the outstanding items from your previous statements have been included in this statement. Otherwise, they are still outstanding. You should be able to find this amount by checking using your online or mobile banking app. Log this amount at the top of your checkbook register in the space indicated. Record any pending transactions in your checkbook register, including both debits and credits, as well as checks you've written that have not cleared yet.
Include the date of the transaction, a description of the transaction, and the amount. If listing checks, also write down the check number. Some people like to use duplicate copy checks so they always have a record of who they issued a check to and for what amount. Starting with the first transaction you enter, subtract the amount from your available balance—in the case of a deposit, add it to the balance.
Then record the new amount on the next line of your register. Continue doing so until all transactions are recorded. Compare the total amounts of withdrawals and deposits on your register to the information available from your online or mobile banking app. If the ending balance there matches what you have in your checkbook, once all deposits and withdrawals have been factored in, then your checkbook is balanced.
If your checkbook doesn't add up properly, you may need to backtrack farther. Start with your most recent statement and use that as a guide for reconciling transactions. Commit to balancing your checkbook on a weekly basis, which may be easier than trying to do it once a month or less often. Recording transactions daily, then balancing at the end of the week, can help keep the system as simple and error-free as possible.
Consumer Financial Protection Bureau. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Whenever you receive your bank statement, check to see if the balance agrees with your checkbook. If not all the items have cleared, check the bank statement and note the ones not marked; total all these outstanding transactions. Subtract the total of the outstanding transactions from the end balance on the bank statement; then add any deposits that are not on the bank statement to this new balance.
The numbers should match the balance in the check register. Many features only work on your mobile device. This will be your actual balance, which is a better picture of how much you have to spend because it includes payments that might not have hit your bank account yet.
This is one area where digital tools have a big advantage over the pen-and-paper method. Digital tools can do math for you automatically. Traditionally, people did this after getting their bank statement in the mail. But with the internet, you can do this pretty much any time you want. To reconcile your transactions, go through your bank statement line by line. Go through everything line by line again, adding the balances up as you go. Many nonprofits and community organizations also offer free financial coaching and mentoring, which can be another handy option as well.
If all else fails, you can also ask for checkbook balancing help from a bank teller at your local branch.
0コメント