How Do You Balance Your Checkbook With a Bank Statement?


Quick Answer

To balance your checkbook with your bank statement, start by adding any accumulated interest and any other credits issued by the bank shown on your statement to your checkbook register, suggests Mechanics Bank. Next, subtract any fees charged by the bank from your checkbook register.

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Full Answer

Consult the bank statement to verify all of your deposits listed in your register, states Mechanics Bank. Add any deposits not listed on your bank statement, but listed in your register, to your bank statement balance. Next, check all of your debits listed in your register with the debits in the bank statement. Make sure the amounts match, and place a check mark next to the debits listed on the bank statement.

Look for outstanding debits not listed in the bank statement, according to Mechanics Bank. These could be undeposited checks, unposted debit card purchases, ATM withdrawals and automatic debit transactions. Subtract these amounts from the bank statement. Check for any outstanding checks from previous bank statements as well. Follow up on any outstanding checks that are older than 60 days to determine if you should issue a new check, and stop payment on the old check.

Check the checkbook register amount with the amended bank statement amount, and make sure the two numbers match, states Mechanics Bank. If they do not, check for simple math errors, transposed numbers, and omitted debits or credits.

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