Balancing a Check Register 4/7/21

A check register is a record used to track all transactions in a checking account, including deposits, withdrawals, and the current balance.

To calculate the new balance after a deposit, add the amount of the deposit to the current balance.

$181.15

The purpose of balancing a check register is to ensure that the recorded transactions match the bank's records and to keep track of available funds.

To calculate the new balance after a withdrawal, subtract the amount of the withdrawal from the current balance.

Entering a bill payment decreases the account balance by the amount of the payment.

$294.04

Reconciling a check register means comparing the check register with the bank statement to ensure all transactions are accurate and accounted for.

A deposit is an amount of money added to a bank account.

A withdrawal is an amount of money taken out of a bank account.