Checkbook Balancing Tool Everyone needs to know how to balance your checkbook. This must be done every month shortly after receiving your bank account statement. Follow these simple steps:
- Review your statement.
- Compare your statement with your daily account register by checking off all items on your register that appear on your statement.
- Add to your register any deposits or additions including interest payments and ATM or electronic deposits listed on the statement that are not already entered.
- Subtract from your register any account deductions including fees and ATM or electronic deductions that are not already entered.
- Update your statement information.
Remember, you must reconcile your account each month.
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