How to use your transaction register

Learn more about your transaction register and how to use it.

Transaction register for a checking, savings, or money market account.

Date
This column is used to record the date the check was written or the transaction was.

Number
This is the number of the check

Description
In this space, you describe each transaction and its purpose.

Code
These codes correspond to the legend at the top of your register.

Checkmark
Once a month, you’ll use this column to check off each transaction that appears on your monthly account statement. This will help you to insure that your records and the bank’s records match.

Withdrawal

This is the amount of the withdrawal.

Deposit
This is the amount of the deposit.

Balance
This column is used to calculate the current balance in the account by adding each deposit and subtracting each withdrawal.

Key points
Don’t forget to record all of your transactions, not just checks. Be sure to include:

  • Deposits
  • ATM withdrawals
  • Debit card purchases
  • Electronic funds transfers
  • Interest payments
  • Bank fees

 
Click the Next button to learn about overdrafts and how to avoid them.