Here you go *hands it over*
2007-07-27 01:22:01 · 7 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Sure, here you go. *hands it back*
2007-07-27 01:42:30 · answer #1 · answered by Plea_of_insanity 5 · 0⤊ 0⤋
Um...are you kidding?
If you seriously want to know how to balance a checkbook:
1. you check off all deposits and transactions in your register (you know, the book where you--ideally--write everything down) that have gone through the bank according to your statements
2. you write down the ending balance the bank has listed on your last statement
3. to that ending balance, you add all deposits in your check register that haven't yet cleared (appeared on any statement)
4. from that amount, you subtract all debits in your check register (all money spent via checks, debit card, over the phone, etc.) that haven't yet cleared (appeared on any statement)
5. the number you end up with should match the last balance you have written in your check register. If it doesn't, then either you made a math error, or didn't add or subtract a debit or credit the way you were supposed to.
If it matches, then your checkbook is balanced. The only potential problem is if there are things you have purchased since the time of your last statement that you haven't written down in your check register. Which is why you should always write everything down.
If your checkbook is such a mess that you have no idea what has cleared and what hasn't for a long time, stop using it for awhile--long enough for all debits (of any kind) that are out there to clear the account.
Keep an eye on the bank's version of the daily balance to make sure you can deposit money quickly if it looks like the account might go negative. Use a different account while you are waiting for this to "settle down."
Then take the most recent bank statement's ending balance and start fresh--keeping track of your transactions this time!
With practice, balancing your checkbook will be a snap!
2007-07-27 10:27:30 · answer #2 · answered by Rella 6 · 0⤊ 0⤋
If you go to the bank, they can get you some help. It's called Registers for Dummies.
2007-07-27 08:30:34 · answer #3 · answered by coopermom2006 3 · 0⤊ 0⤋
Read the back of the statement for instructions. If you still don't get it, close the account.
2007-07-27 09:42:55 · answer #4 · answered by Anonymous · 1⤊ 0⤋
I could, but I'm not interested. You don't what to pass out that information anyway.
2007-07-27 09:06:33 · answer #5 · answered by STEVEN F 7 · 0⤊ 0⤋
sure but I'd have to charge you a fee of $10 :)
2007-07-27 08:30:32 · answer #6 · answered by Malley 3 · 0⤊ 0⤋
But where is the data?
2007-07-27 08:26:05 · answer #7 · answered by Swamy 7 · 0⤊ 0⤋