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BALANCING A CHECKBOOK

It is very important to balance your checkbook every month.  Here are some tips to help:

  • Open your bank statement each month.
  • Compare your statement with your check register.
  • Check off the items in your check register as you locate them on your statement and identify any outstanding transactions (items not checked off in your check register).
    • Subtract any outstanding payments (checks or other debits) from your ending statement balance.
    • Add any outstanding deposits or other credits to your ending statement balance.
  • Your adjusted statement balance should match the balance in your check register.

If your account does not balance:

  • Verify that you have accurately compared the transactions in your check register to those listed on your bank statement.
  • Make sure you have properly logged all transactions in your check register.
  • Double check your math.

Most financial institutions provide additional information about balancing your checkbook on the back of your monthly statement.


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