You first start with the bank statement next to the checkbook register. Using the bank statement check to make sure all the items are on the register. Those that are not add to the register. Then check to make sure all the things on the statement are valid and not made up. Then add all the interests and the fees that you might have had. Then add ever thing up and put the ending balance down and move onto the Reconciliation sheet. Adam
Place the bank statement next to the register. Then use the the statement to check the register. Anything that is missing add it to the register. Double check to make sure everything it accounted for and valid and then add the interest and fees. Lastly, add everything up to get your ending balance. Move the the reconciliation sheet.
To complete a reconciliation of your checkbook register you'll have to 1) Look up which checks cleared, 2) Take your balance of your statement and subtract the checks that didn't clear, 3) Look up the withdrawls and see which ones went through and which did not, and add the amount needed to subtract from your balance 4) Also look up the deposits and add them toward your balance Then ending in giving you the balance of your checkbook. If your number is zero, way to go. If it's not you may need to try again.
1 compare statement and register 2 check validity of items 3 add missing items to the register 4 figure in the interest and fees 5 add everything up to get your balance
Compare your bank statement and check register. Add all the missing items to your register. Double check. add everything up to get your finale balance.
To reconcile a checkbook... 1. Compare the bank statement with the check register and note if there are any transactions that only appear on one of the reports. 2. Make sure that the amounts on both are correct. 3. Check to see what checks cleared and what checks still need to be cashed. 4. Take note of any fees or interest that needs to be added or subtracted. 5. Use the reconciliation form and verify that the two balances from your bank statement and your account register are the same.
Firstly, the bank statement must be used to verify all transactions recorded in the checking account. Secondly, everything must be made sure to be a valid transaction. Afterwards, any fees and/or interest earned that month must be recorded. Thirdly, using the reconciliation form, the balance on the bank statement must be checked to be equal to the one in the account register.
1. Compare the statement and the register 2. Check the validity of items 3. Add missing items to the account register 4. Calculate the interest and fees 5. Add everything together to see your balance
1. Make sure that your register is the same as the statement 2. Check if all amounts are right 3. Add anything that needs to be on the register 4. Calculate any interest and fees 5. Find your new balance 6. Use reconciliation worksheet to check everything
1. Check, and double check to see if the register and the statement are the same. 2. Make sure all amounts are correct 3. Add any thing to the register that need to be added 4. Calculate interest and fees 5. Come up with the new balance
You first start with the bank statement next to the checkbook register. Using the bank statement check to make sure all the items are on the register. Those that are not add to the register. Then check to make sure all the things on the statement are valid and not made up. Then add all the interests and the fees that you might have had. Then add ever thing up and put the ending balance down and move onto the Reconciliation sheet.
ReplyDeleteAdam
Place the bank statement next to the register. Then use the the statement to check the register. Anything that is missing add it to the register. Double check to make sure everything it accounted for and valid and then add the interest and fees. Lastly, add everything up to get your ending balance. Move the the reconciliation sheet.
ReplyDeleteTo complete a reconciliation of your checkbook register you'll have to
ReplyDelete1) Look up which checks cleared,
2) Take your balance of your statement and subtract the checks that didn't clear, 3) Look up the withdrawls and see which ones went through and which did not, and add the amount needed to subtract from your balance
4) Also look up the deposits and add them toward your balance
Then ending in giving you the balance of your checkbook.
If your number is zero, way to go. If it's not you may need to try again.
1 compare statement and register
ReplyDelete2 check validity of items
3 add missing items to the register
4 figure in the interest and fees
5 add everything up to get your balance
travis
Compare your bank statement and check register. Add all the missing items to your register. Double check. add everything up to get your finale balance.
ReplyDeleteTo reconcile a checkbook...
ReplyDelete1. Compare the bank statement with the check register and note if there are any transactions that only appear on one of the reports.
2. Make sure that the amounts on both are correct.
3. Check to see what checks cleared and what checks still need to be cashed.
4. Take note of any fees or interest that needs to be added or subtracted.
5. Use the reconciliation form and verify that the two balances from your bank statement and your account register are the same.
Firstly, the bank statement must be used to verify all transactions recorded in the checking account. Secondly, everything must be made sure to be a valid transaction. Afterwards, any fees and/or interest earned that month must be recorded. Thirdly, using the reconciliation form, the balance on the bank statement must be checked to be equal to the one in the account register.
ReplyDeleteAutumn
1. Compare the statement and the register
ReplyDelete2. Check the validity of items
3. Add missing items to the account register
4. Calculate the interest and fees
5. Add everything together to see your balance
1. Make sure that your register is the same as the statement
ReplyDelete2. Check if all amounts are right
3. Add anything that needs to be on the register
4. Calculate any interest and fees
5. Find your new balance
6. Use reconciliation worksheet to check everything
eyezik
1. Check, and double check to see if the register and the statement are the same.
ReplyDelete2. Make sure all amounts are correct
3. Add any thing to the register that need to be added
4. Calculate interest and fees
5. Come up with the new balance