How To Use A Check RegisterA check register is an essential part of having a checking account. This is where you keep track of all the activity in your checkbook. Sometimes people will use duplicate checks too. In your checking account at the bank, money goes in and money comes out often. The money going in is called income. The money going out is called expenses. If you know how to use a check register properly, you can keep your account balance and up to date.

Using Your Check Register The Right Way

All this coming and going of money in and out of your account is called your cash flow. If you have more money flowing out of your checking account than flowing into your account, your account will be overdrawn. If your checking account is overdrawn, it will cost you money. Your bank will charge you fees. The businesses or utilities that you wrote checks to will charge you fees.

Bouncing a check is another term used when you write a check and don’t have enough money in your account. Keeping your personal and business checking accounts in order is necessary. You can find checks, check registers, and other financial products from the Deluxe company.

Using a check register properly will help you from having to pay fees. In your check register, you record your transactions. It is simple accounting. Write down your deposits and write down your withdrawals. Your deposits are income. Your withdrawals are expenses.

Be sure to keep a running total in your check register. This running total is your balance. Your balance lets you know how much money you have in your account. Make sure you check for addition and subtraction errors. Accuracy is important.

Check Register Tips

Write down every transaction. This includes deposits made automatically like if your paycheck is direct deposited. This also includes automatic payments like a car payment or utility payments.

Remember to record all your transactions. Did you hit the ATM? Write it down. Did you write a check? Record it in your check register and then total. Did you deposit a paper check? Don’t forget to put that in your check register too.

Reconciling Your Check RegisterYou must reconcile your account. Reconciling your account is when you compare your check register with the records the bank has. They must match. If they don’t match either you or the bank has made an error. You must find the error and correct it. Some errors are in your favor. Some errors are in the bank’s favor. Reconciling can also help you to see if you have been a victim of identity theft.

Take a look at your check register regularly. By reviewing it, your account will be in good shape. This adds to your overall financial health.

These how to use your check register hints will be helpful. All you have to do is follow them.

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John “Big John” Johnson is a serial fun seeker, a lover of craft beer, and enjoys all things adult beverage related. A dedicated online marketer and SEO, he has been described as “Peter Pan with German Work Ethic”. John is also a sleight of hand magician with serious chops, enjoys riding Harleys, practicing martial arts and travel.

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