Balance a Checkbook

by mitchellhorton in Living > Education

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Balance a Checkbook

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How to balance a checkbook in 10 easy steps!

Supplies

Checkbook
Pen

Record All Transactions

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Write down any thing you have bought or any money you have recieved over the past month.

Write Down Bank Charges

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Monthly Bank Fee.

Add Any Deposits

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Any amount of money that came into your account.

Subtract All Credits

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Any amount of money that was taken from your bank account.

Outstanding Checks

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Check that we’re not processed the previous month.

Errors From Bank

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Record any bank errors that you have seen on the online banking or your bank statement.

Loan Payments

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Any Loans you have taken out.

Previous Charges From Before

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Previous charges that have not come through on the previous balance.

Confirm All Charges

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Check off all Charges on the list and make sure you have accounted for all of them.

Balance

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Look at final balance and make sure you are not over drawn on your account and you either have money left over or broke even for the month!