TAMU > Finance > SBS > Debt Management> Balence Checking Accounts
How To Balance Your Checking Account
Most banks and credit unions provide a worksheet on the back of your bank statement to help you balance your account. If your bank provides one, try using it first. If it does not, or if you cannot follow how it works, below is a step-by-step procedure that you can print and use to balance your checking account.
Step 1.
- Enter all checks, deposits, and other automated teller machine (ATM) transactions in the check register in your checkbook after each transaction.
- Record all automatic deductions, debit card transactions, and electronic bill payments in the check register in your checkbook as they occur.
- Record and deduct service charges, check printing charges, or other bank fees in the check register in your checkbook.
- If you have an interest bearing account, add any interest earned shown on your bank statement to your register.
Step 2.
- If your bank returns your checks and deposit slips, sort them in numerical order. Check off in your register each check and other transactions that are listed on your statement.<
Step 3.
- List any deposits or credits you have made that do not appear on your statement in the spaces provided below:
| Date | Description | Amount |
| Step 3 Total | $ |
Step 4.
- List any checks you have written debit card transactions, electronic payments and other deductions (payments) that do not appear on your statement in the spaces provided below:
| Date | Check Number | Amount |
| Step 4 Total | $ |
Balancing Your Checkbook Register to Your Statement
| Enter the "Current Balance" or "Ending Balance" shown on your statement. | a. | $ |
| Enter the total from Step 3. | b. | + |
| Subtotal (add a and b) | c. | $ |
| Enter the total from Step 4. | d. | - |
| Subtract d from c. This balance should equal your register balance. If it does not agree, see steps below. | $ |
If your account does not balance, review the following:
- Check all your addition and subtraction above and in your register.
- Make sure you used the correct amounts from your statement.
- Make sure you remembered to subtract service charges listed on your statement.
- If there is an amount for interest earned on your statement, make sure you have added it to your checkbook register.
- Add the deposits you entered on your checkbook register. This amount should equal the total deposits on your statement.
- Add the checks and withdrawals you entered on your checkbook register. This amount should equal the total checks and withdrawals on your statements.
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