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. To balance a checkbook efficiently, you'll have to fill out your checkbook register routinely.
How to balance a checkbook Start by reviewing your checkbook register Quick tip: If you choose to opt out of paper statements from your bank to avoid paying a monthly fee, you may print your online statement, or scroll through it using online or
You'll need your checkbook register, checking account statement, and a calculator. Balancing a checkbook may also help bring attention to any banking errors.īelow is a step-by-step process on how to balance your checkbook. When someone balances a checkbook, it means they're comparing a checkbook to a bank statement to review banking transactions. What does it mean to balance a checkbook? If you commonly use a checkbook to pay for bills, you'll want to balance it out each month to understand your spending habits. Keeping tabs on how you spend is crucial to figuring out how to implement a budgeting system that works. By clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept our