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First Reliance Bank

Balancing Your Checkbook in
Six Easy Steps

Balancing your checkbook is one of the most basic habits for good money management. This is a simple method of verifying that your records (your checkbook register) match the bank’s records, as shown on your monthly statement. Balancing your checkbook can be done in six easy steps, as outlined in the worksheet below.

Checkbook GraphicsStep 1
Compare your account register to your account statement for unrecorded transactions (such as ATM, Check Card, Interest earned, fees, etc.). Your new account register total should match the adjusted balance in step 6 below.

Step 2
Write in the closing balance shown on the front of your account statement.

Step 3
Write in any deposits you have made since the date of your account statement.

Step 4
Add together amounts listed above in steps 2 and 3.

Step 5
List and total all checks and withdrawals that you have made that are not reported on your account statement. Write in the total.

Step 6
Subtract the amount from step 5 from the amount in step 4. This is your adjusted balance and should match the balance in step 1.

Congratulations — you’ve just balanced your checkbook!