We can only rely on an establishment’s work integrity to be confident that they are honest with their customers.

Even your favorite stores make mistakes too. Once you determined its roots, it will be easier for the bank to amend the mistake.

If you keep a checkbook, not to mention a well-maintained one, you can easily recognize where the inconsistency began since you have kept a record of that month’s transactions. So it will make the investigation of the problem a little more difficult since you wouldn’t know exactly where to start. If ever you face a banking discrepancy, you may not always be able to effectively pinpoint the problem, especially if you have not balanced your checkbook for a couple of months, or ever. It is a strong reference should problems arise. By keeping a checkbook register, you will be kept informed of the present amount that your account currently holds so that you will not spend more than you have. They can reach up to $25 for every transaction. To keep your overdraft fees at a minimum. If you don’t, well, you can just say goodbye to the money you’ve lost out of sheer miscalculation. If you regularly balance your account, this won’t be an issue. If they do, you can easily correct them since you have kept your own records as well.īanks only give their customers at least 60 days to catch a banking error, if there is one. Irregardless of how reliable and trustworthy your bank is, they are bound to commit an error at some point. However, here are a couple of reasons why we must not abandon the service of a good old checkbook: Keeping a checkbook helps you monitor your bank.īy doing your own calculation of the money in your personal account, you can rest assured that you are not losing even a penny to mistakes that your bank could make. With the emergence of so many online applications and mobile banking as an option, checkbook registers are, sadly, as with so many other things, now a thing of the past. In fact, it’s possible that a lot of people don’t know how to use one. Plain Printable Checkbook Register Exampleĭownload Importance of Keeping a Checkbook RegisterĬheckbook registers are not exactly the most popular tools nowadays. You may also check out exit slip examples. For business settings, the company’s bookkeepers are usually the ones who record the transactions in the checkbook register before transferring the data into the general ledger and other ledgers that may be associated with the transaction. It works like a journal but instead of recording your day-to-day activities, you list down your expenses instead.Ī checkbook register is also known as a check ledger or a transaction register. It is a helpful tool in balancing your expenses and keep your finances at a minimum. Keeping a good checkbook account will help you identify where your funds were spent, which can also help you identify should there be any miscalculation that a bank commits.Ī checkbook register is an informal tool that you can use to monitor the exact number of checks you wrote and the money that each one held so that you can determine how much money is left in your account.

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Checkbook register pdf