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Apps to balance checkbook12/29/2023 ![]() ![]() If you don't regularly write checks, balancing a checkbook may not be necessary. Is balancing a checkbook still necessary? You can also check your carbon copy checks to ensure you didn't write the wrong number down on your bank register. You may have some information on your bank statement that isn't updated if you just sent a payment. If your checkbook doesn't balance and your math isn't the issue, check your bank statement to see if there are any bills that haven't been processed yet. The total from your calculations should come out to your current bank statement for the month. Now you'll be able to compare your check register to your bank statement. Bounced checks may result in fees, depending on where you bank. Note: If you've realized you made a mistake when you wrote out a check, it may bounce. Expenses should be subtracted from your total, and payments should be added. Then, you'll go through your bank statement and factor in any other transactions not listed. If you're not using your checkbook, go through your checkbook and add up all your bill payments for the month. You'll also write down any debit card or bank transactions for the month. If you use your checkbook, you'll go line by line and either subtract or add each check. ![]() The process for each method starts the same: you'll write down the statement balance that you had at the beginning of the month. You may use your checkbook ledger, the back of your bank statement, a notebook, or a spreadsheet. There are different ways to calculate your bank transactions. Maggie Gomez, CFP® professional and owner of Money with Maggie, says if you're recording your spending properly, you should have a better sense of how much is in your checking account, and you won't be surprised by bank transactions. Flip through your carbon copies if you forgot to list something on your checkbook register.Įven though recording these details may seem tedious, it can help you monitor your spending.
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