Checkbook Register Template

Self management, maintenance and disciple are very important aspects of life. One can save lots of time, energy and money by doing these things with him or her personality and belongings as well. Same is the case with bank accounts and checkbooks. It truly becomes a hassle when all the transaction amounts are mixed up and you have to sit and spend hours in streamlining the calculation at the end of each month. In order to avoid this time consuming work, the most suitable solution is either to use the checkbook register which comes with checks or make one on excel on your own and keep it maintained.

Checkbook register is the extra small notebook which comes with the checkbooks. This notebook is a checkbook register which slips into the checkbook. The main purpose of this register is to assist you in keeping the track of all the incoming and outgoing amount of money.  Write all kinds of transactions including deposits, debit card utilization, ATM with drawls,  fees and everything else along with check amount.

In order to manage and keep the maintenance of your checkbook register, it is necessary to take small and very easy steps regularly and it will save you from a very tiring, monotonous and lengthy task of calculation at the end of each month.

The first step is to determine the current balance which you can do by checking your account online or by inquiring on helpline provided by your bank. You can also do it by going to the nearby ATM and checking the current balance of your desired account.

Keep this amount under the heading of “balance forward”. The next thing to do is to start keeping the record of all the checks that you make with the check number, date, payee name and most importantly the amount. Practice this with all the withdrawals and payments you do from the particular account. Do the same in case of money used via ATM card and debit card along with the fees if there is any for using the cards.

It is also useful to recalculate the account balance regularly in the checkbook register. This can be done by subtracting all the expenses, payments made, withdrawals and transfers from the total amount. Also don’t forget to add the amounts of deposits and incoming transfers to the total. Record new balance with each transaction in right column. On receiving your statement reconcile your checkbook by comparing the check register with the statement. This you will easily identify the mistakes if there are any. In case of any error, keep your bank in the loop and rectify them. Keep a visit and a telephone call in your monthly schedule to keep the things straight between you and the bank.

Always double check your calculation that you have added the right amount and subtracted everything accurately. After this you can consider yourself balancing done. Once all the amounts are balanced, you can make lines beneath the final balanced amount in the checkbook register you have maintained. By doing this, you will know and have the exact idea of the last calculated accurate amount when you will go to balance next time.