Balancing checkbook is not a difficult task as it hardly takes 10 to 30 minutes of your precious time. It is important to balance your checkbook for the following reasons. Balancing checkbook helps to verify whether your record matches with banks record. Since bankers can also make mathematical errors, this habit helps us to keep good track of things. This will be helpful to sort out such mistakes in your checkbook register. Incase if you make a mistake or forget to make an entry it may lead penalties or incur a fees of 25$ or above. Before starting this process have a checkbook balance form, registers, calculator and the bank statement. List the cleared check, bank deposit etc .in the bank balance sheet. And sort your cancelled check according to check number order. .

It is important for you to record the amount as given in the bank book, also remember to go through your deposit slips, paycheck stubs, etc., please make sure your bank statement shows all the deposits that you made in your transaction.. Repeat the same process in your ATM withdrawals or debit card purchase .if any transaction has been missed in the register; it is time for you to record them now. Don’t forget to record your interest rate in the balancing sheet. And then total the outstanding check, debits and ATM withdrawal. At the bottom of the balancing sheet enter the ending balance shown on your bank statement and in the next column enter the total outstanding deposits from column one.

And finally on the third line enter the total outstanding checks from column two. It is time for you to calculate your balance by using your calculator. Total line one through three and enter it on line four, which will be equal to the balance shown in your bank checkbook register. Try to record even the small values to make your calculations absolutely real as some of them are in the habit of ignoring pennies. If you find your check book in mess then it is wise for you to start a new account. By this way you will be in a position to verify your bank records.