Checkbook register software for dummies12/11/2023 ![]() Okay, now that we have a completed checkbook to work with, break out your latest checking account statement, and let’s reconcile the two. Total it up and you now have a checkbook balance. Now take those receipts and carbon copies and make a note of each transaction. Simply take the ending balance from last month’s bank statement and jot it down as the beginning balance on your register. If you didn’t keep track, but you have all of your debit card receipts, deposit receipts, and carbon copies of your checks, then you can play catch-up and get your checkbook register up to speed. If you aren’t doing this, and you want to be able to balance your checkbook at the end of the month, then you need to start keeping track. It goes without saying that to balance your checkbook, you need to have a checkbook register with a running balance. Here’s how to balance a checkbook… Get Ready: Preparing Your Checkbook Register Everyone should be able to perform this simple financial exercise. Next, you can simply keep your debit card receipts and deposit receipts and periodically check them against your bank records using your online account access.īut I’m not here to explain why this isn’t a good idea. I would argue that we can achieve the three goals above using a simpler method.įirst, you can simply keep a sizable cushion in your checking account so that you’ll never have to worry about an overdraft. Since we don’t write as many checks these days, there isn’t much of a worry that we’ll not have enough money to cover a check that’s still out there. Today, however, we can understand our money situation in easier ways: by logging on to our bank’s online account access page, by viewing our bank’s mobile phone app, or by seeing all of our accounts at one time using a service like Empower. Is Balancing a Checkbook Still Necessary? …so that you don’t write a check for more than you have in your account.
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