Interactive Account Balancing
Checkbook Register
The checkbook register is where you should record all of the credits (additions) and debits (subtractions) for your account. This helps you know how much money you have in your account.
Number Type | Date | Description | Payment Debit(-) |
Deposit Credit(+) |
Balance | |
---|---|---|---|---|---|---|
- In the Number/Type column, enter the check number or the type of transaction. Transactions are a deposit or debit. A debit could be an ATM withdrawal, automatic payment, debit card, service charge, or a transfer of funds from your savings account.
- In the Date column, enter the date the transactions occurred.
- In the Description column, enter a description of the transaction.
- In the Payment/Debit column, enter the amount of the check or debit transaction.
- In the Deposit/Credit column, enter the amount of the deposit or credit
- In the Balance column, add the credit or subtract the debit from the previous balance and enter the value.
- The (check) column is used when you reconcile the checkbook register with your statement.