1. Do Now At the end of the month you get sent a bank statement. You notice the balance is not the same as your checkbook register. What are the possible reasons why this happened?

2. Do Now-Answer Outstanding check-A check you wrote out and recorded in your register was not cashed or lost Outstanding Deposit-A deposit you made at the bank was recorded in your register, but they forgot to put it in your account A fee or service charge was deducted from your account by the bank, and you didn’t write it in your register Interest was paid to you, and you forgot to enter it You used the debit card or ATM card and forgot to enter it

3. How do we fix this? We do something called a bank reconciliation http://video.about.com/banki ng/How-to-Balance-a- Checkbook.htm http://video.about.com/banki ng/How-to-Balance-a- Checkbook.htm