Practice Transaction Register (Page 2 of 2) in pdf

Practice Transaction Register Page 2

STEPS FOR RECONCILING YOUR CHECKING ACCOUNT

STEP 1

In your checkbook, make a checkmark in the appropriate box for each check returned or noted on

your statement. Also mark all ATM or other electronic transactions, and all deposits.

STEP 2

In your transaction register, add any transactions listed on your bank statement that were not

previously recorded. This may include ATM or debit transactions, bank fees, etc.

STEP 3

The back of your bank statement will usually have a checking reconciliation form (see sample below).

Use this form to reconcile your checking account by following these steps:

A. Write the ending balance shown on your bank statement.

B. Add the total amount of deposits made that were after the ending date of the bank

statement (outstanding), and therefore do not appear on the statement. The reconciliation

form usually has a place where you can list and total these deposits.

C. Subtract the total of any checks still outstanding (checks that you have written that do not

show up on your bank statement). The reconciliation form should have a place where you

can list and total all outstanding checks.

This amount should then equal the amount listed in your check register or checkbook. If not, you

will need to check each of your transactions and your math.

KEEPING YOUR ACCOUNT BALANCED

Every time you record a check or make a transaction, record it in your check register and keep a

running balance. That way, you will always be sure of your account balance.

Items Outstanding

A. ENTER

The New Balance shown

$ _________

Number

Amount

on your statement

B. ADD

$ _________

Any deposits or transfers listed

$ _________

in your register that are not

$ _________

shown on your statement

$ _________

CALCULATE THE SUBTOTAL

C. SUBTRACT

- $ _________

Your total outstanding

checks and withdrawals

CALCULATE THE ENDING BALANCE

$ _________

This amount should be the same as

TOTAL

the current balance in your check register

Practice Transaction Register Page 2

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