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Keeping Your Checkbook in Check

Keeping your Checkbook in Check Jeimli Pad 12 ETCERTIFIED TRUE A step-by-step guide to writing checks and balancing your checkbook How to write a check Write the name of the payee (Pay to the order of). Write the date (Month/Date/Year, typically upper right hand corner) Write the either the name of a business or individual. payment amount (In numeric form) 5284 + October 6, 1989 DATE → Excellent Catering Company $ $65.14 4 ORDIROF Sixty five and 14/00 DOLLARS John Doe → Pool Guy FOR 1:2222222 1 123 111 55 5 s'284 Add a note (to keep track of where your money is being spent) Write the payment amount (in words and the "cents" Sign your check Be sure to sign your name legibly portion as a fraction) JohD Doe How to Balance Your Checkbook Reconcile Checks Keeping track • Sort any cancelled checks in check number order and mark your checkbook register with each cancelled check returned to you. Reconcile Deposits Register and compare • Record deposit on your bank statement in your checkbook register and compare with your deposit slips, paystubs, etc. Reconcile ATM withdrawals and debit card purchases VITACand • Record withdrawals and debit card purchases and compare to bank statement. Keep a close watch Make sure to also: • Record Interest and Bank Fees in your checkbook register • List outstanding deposits • Record Bank's Ending Balance • Enter Outstanding Deposits • Enter Outstanding Checks • Calculate your balance Sources NationalPositions Profitable Internet Marketing HECHWDRIS AN ANERIDAN THADITION VISA

Keeping Your Checkbook in Check

shared by InfographicMarketing on Sep 11
Do you know how to properly write checks and balance your checkbook? Here's a handy guide to get you started.


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