![]() This will let you know the window of time that you’re looking at and give you the baseline figure from which you can balance your checking account. You’ll also want to look for the last transaction to determine whether it’s a payment or a deposit. This will be a specific date and time, and your statement will have this marked at the top for your information. It’s important that you understand where the statement ends and when the bank stopped figuring amounts. ![]() Quicken has software tools that aggregate all your account information for you into an easy-to-read format. Depending on your financial institution, you might also be able to integrate your statements with your accounting software, so that your statement automatically gets aligned with the records you’ve been keeping. If you’re not sure how to get your statement, log into your bank account and check under “settings.” There is usually an option there to get your statement by mail, by email, or by both. It’s vital that you access and save your statements, even when they’re electronic. Many people never even look at their bank statements, especially when they’re paperless and sent via email. It seems obvious, but this is a vital step. If you use an accounting program or app, like ’s free money management tools, these amounts will be electronically recorded for you, which will help you stay organized if you forget to write something down. Write them in exactly, since exact amounts are key to balancing your account. This means that every time you use your debit card, write a check, deposit a check, make a withdrawal, transfer money, or make automated payments or deposits, you need to record it in your check register. You must keep records of all of your deposits and purchases if you want to have any hope of balancing your checking account. With all of that in mind, here is how to balance your checkbook in five easy steps: Step 1: Keep Records It’s vital to know what’s in your account and where your money goes each month, since it’s the only way you will know for sure how much money you have, avoid overdrafts and completely understand your financial situation. Knowing how to balance a checking account is still important, maybe even more so in this era of e-money. In fact, some people have done away with actual, physical checkbooks entirely by paying their bills entirely online, with debit cards, or by automatic payment. *** This version is ad supported but ads can be removed with an in app purchase.Balancing a checkbook has become something of a lost art in this era of digital access to accounts, online bill payments, debit cards, and other forms of electronic money. Any unused portion of a free trial period, if offered, will be forfeited when the user purchases a subscription to that publication, where applicable.Subscriptions may be managed by the user and auto-renewal may be turned off by going to the user's Account Settings after purchase.Subscription automatically renews unless auto-renew is turned off at least 24-hours before the end of the current period.Payment will be charged to iTunes Account at confirmation of purchase.** Terms and Conditions for Auto-renewing subscriptions It also includes access to all premium features: The subscription includes a month of access to: * The "Sync for 4 Users" subscription auto-renews monthly. Sync between other users and devices "Sync for 4 Users" is an auto-renewing monthly subscription more details below * Powerful Search to find transactions instantlyĮasy scheduling for recurring transactions Don’t let overdraft fees or pending transactions catch you by surprise - always know exactly what your account balance is with Balance My Checkbook! All you have to do is enter your expenses and income and let the app do the rest.
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