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.
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