How to Use a Checkbook Register

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Using you checkbook register or ledger in these free how to video clips. Learn tips on reconciling your check book and maintaining personal finance.

Part of the Video Series: How to Balance a Checkbook
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Video Transcript

Hi! In this clip we’re going to go over how to properly use a checkbook register. This is basically what a checkbook register looks like you can probably get one of these at any bank or a credit union when you order a box of checks for your checking account, usually one or two of these will come along with your box of checks but if you need more if you run out you can always check your bank, credit union or other financial institution to see if they actually have an extra copy for you. So on the front here basically there’s just a spot on here to write in the dates that the register runs from, it’s good to hang on to these even after they’re used up in case there’s a discrepancy that you need to go back and find later on and I’m just going to flip to the first page here…and this is what the inside of the register would look like. At the top here it gives you a list of codes that you would use in this first column here to correspond with what you had done with that transaction, for example it has a AD for automatic deposit, AP for automatic payment, ATM for ATM cash withdraw, DC for debit card transaction, FT for a funds transfer, SC for a service charge and TD for something that was taxed deductible but basically what you do is fairly simple, in this transaction code or check number column you would write in the check number, you would write in the date of the purchase, the description which would be the grocery stores name and then you just write in the amount in the payment column since it was a debit that’s going to be coming out of your checking account and then later we’ll go over the last column here which is where you’re going to keep a running balance of your checkbook and then reconcile that at the end of the month with your bank statement. So that’s the basic parts of a register and how you would record your transactions in there.

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