Checking Account Register

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Presentation transcript:

Checking Account Register Place to record all monetary transactions for a checking account Deposits, checks, ATM use, debit card purchases, additional bank fees Used to keep a running balance of the account Remember Record every transaction!

Check Register 419 01 Date The date the check was written or transaction was made

Check Register 419 01 Number The number of the written check; if a debit card or ATM was used, write DC or ATM

Check Register Description of Transaction 419 01 Description of Transaction The person/business the check was written to or where the debit card was used Gray line can be used to write the memo

Check Register Payment/Debit(-) Amount of the transaction 419 01 Payment/Debit(-) Amount of the transaction Deducted from the balance

Check Register 419 01 √ T A box used to track whether the check has cleared on the monthly bank statement when reconciling at the end of each month

Check Register Fee (if any) Any extra fees charged to the account 419 01 Fee (if any) Any extra fees charged to the account Listed on the bank statement

Check Register Balance The running total of the checking account 419 01 15 78 $ 403 23 Balance The running total of the checking account Calculated by adding or subtracting each transaction Keep this updated

Check Register Date The date the deposit was made 419 01 15 78 419 01 15 78 $ 403 23 9/3 Date The date the deposit was made

Check Register 419 01 15 78 $ 403 23 9/3 DEP Number For a deposit, there isn’t a number, therefore, just write DEP

Check Register Description of Transaction Write deposit on that line 419 01 15 78 $ 403 23 9/3 DEP Deposit Reimbursement Description of Transaction Write deposit on that line Gray line can be used to write the memo

Check Register Deposit/Credit(+) Amount of the deposit or credit 419 01 15 78 $ 403 23 9/3 DEP Deposit $ 136 00 Reimbursement Deposit/Credit(+) Amount of the deposit or credit Added from the balance

Check Register Balance The running total of the checking account 419 01 15 78 $ 403 23 9/3 DEP Deposit $ 136 00 $ 136 00 Reimbursement $ 539 23 Balance The running total of the checking account Calculated by adding or subtracting each transaction Keep this updated

Finish the check Register Record the last 3 transactions