Get Checkbook Balancing Worksheet

Just Checking is a checkbook software app that will help manage your checkbook. Enter transactions, mark them cleared, and compare the balance to your statements to reconcile.

Only 13 percent of people balance their checkbook, ing to Moebs $ervices, a finance research company. This means 87 percent of people write checks and slide debit cards without knowing how much money sits in their account.

Balancing a checkbook simply means adding up credit and debit transactions for the month to understand how much money you have available. It can still be helpful to know how to balance a checkbook even if you don't write checks.

Why Balance Your Checkbook? Even today, when much (if not all) of your transaction information is available with the click of a button, it's still a good idea to maintain a record of your transactions and regularly balance that record.

You will write down the date of the transaction and a brief description and, in the case of checks, the check number. For each debit, you'll subtract the amount of the transaction from your balance. For each credit, you'll add the amount. You'll continue doing this until you have recorded all your transactions.

Eight Steps to Balancing Record Interest Earned. ... Record Service Charges, Etc. ... Verify Deposit Amounts. ... Match All Check Entries. ... Check for Outstanding Items from Previous Statements. ... Verify Other Debits on Statement. ... List All Outstanding Checks. ... Balance.