More about checking … Completing the checking packet.

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Presentation transcript:

More about checking … Completing the checking packet

Deposit slip – page 3 Jan. 3, Total Deposit Less Cash Received Total Deposit

1-03 Checkbook register Deposit Paycheck & $ $

Checks Check Example

1. Date—Write the date. 2. Pay to the Order of—Write the name of the person or company to whom you will give the check. After writing the name, you can draw a line to the end. This prevents anyone from adding an additional name on your check. 2 January 8, 2007 National Electric Company 1

3. $--Write the amount of the check in numbers, such as $ Dollars—Write the amount of the check in words, such as thirty five and 24/100. After writing out the amount of the check, draw a line to the end. This prevents anyone from adding an additional amount after what you have written. 3 4 National Electric Company Thirty Five and 24/ January 8, 2007

5. Memo: You can use this area to remind yourself why you wrote the check or to record the account number of the bill you are paying. 6. Signature line: Sign your name. 6 5 National Electric Company Thirty Five and 24/ Jan. 3 rd electric bill You signature here January 8, 2007

1-03 Checkbook register Deposit Paycheck & $ $ National Electric Co. 1/03 Electric Bill

Account Summary Beginning Balance$0.00 Account No Ending Balance $ Checking Summary 1/03Deposit$ /08Check 101$ /15Check 103$ /15Check 104$ /19Check 105$ /19Check 107$ Other Account Activity___ Service Charge$5.00 Account Statement Account Reconcilement PAYMENTS OUTSTANDING No. $ TOTAL 1. Check off entries in register that match entries on statement 2. List the checks and other payments that are still outstanding 3. Subtract bank charges from you checkbook 4. Complete the reconciliation form shown below BALANCE SUBTRACT PAYMENTS OUTSTANDING SUB-TOTAL ADD DEPOSITS NOT SHOWN ENDING BALANCE ON STATEMENT

Account Summary Beginning Balance$0.00 Account No Ending Balance $ Checking Summary 1/03Deposit$ /08Check 101$ /15Check 103$ /15Check 104$ /19Check 105$ /19Check 107$ – Other Account Activity Service Charge$ Compare your Bank Statement to your checking register and place a check mark next to each check and deposit shown on the statement

PAYMENTS OUTSTANDING $ Account Reconcilement No. TOTAL Any check that is in your register and NOT in your bank statement write in Payments outstanding. (These are checks the bank does not know you wrote, yet.) 1. Check off entries in register that match entries on statement 2. List the checks and other payments that are still outstanding 3. Subtract bank charges from you checkbook. (Complete in checking register) 4. Complete the reconciliation form shown below BALANCE SUBTRACT PAYMENTS OUTSTANDING SUB-TOTAL ADD DEPOSITS NOT SHOWN ENDING BALANCE ON STATEMENT Get this balance from the top of your bank statement. If there is a deposit on your checking register and not on your statement, enter it here. Add the ending balance to the deposits not shown and enter it here +