So let’s start balancing!
First, print this page with the checking account register, the bank account statement, and the bank account calculation worksheet (typically found on the back of the bank statement). Then follow the step-by-step instructions.
|Check #||Date||Transaction Description||√||Payment/Debit (-)||Deposit/Credit (+)||Balance Forward 117.58|
|100||11-2||My School – Althetic fees||15.00||-15.00|
|11-18||Deposit – Transfer from savings account||30.00||+30.00|
|101||11-21||Gift Shop – Present for Teresa||8.57||-8.57|
|102||11-28||Sporting Good Store – Sweatshirt||49. 67||-49.67|
Savings Account Statement November 1 – November 30
Final balance as of November 30, 2005: $124.01
|Total other withdrawals|
|What to do||Amount|
|1. ENTER the NEW BALANCE shown on your statement:|
|2. ADD any deposits listed in your register or transfers into your account which are not shown on your statement|
|3. CALCULATE the subtotal by adding # 1 and #2.|
|4. SUBTRACT the total outstanding checks and withdrawals not shown on your statement.|
|5. CALCULATE THE BALANCE Take the subtotal from #3 and subtract the number from #4. This amount should be the same as the current balance in your check register.|
Start by comparing your statement with your check register. Look at the withdrawals from your account and verify that all the amounts are correct. And remember your receipts for withdrawals and other transactions? Check them against your statement too. This is why it’s so important to keep your receipts!
Click the Next button to continue.