Checkbook Reconciling Practice

 

 

Would you like some practice reconciling your monthly statement with your checkbook register? While some people rank reconciling a checking account right up there with having a root canal, it's really not bad at all.

 

On the following pages, you'll find:

 

·         A sample completed checkbook register

·         A sample account statement

·         A blank reconciliation work sheet

·         The completed reconciliation work sheet (don't peek at the answers)

 

Print off these pages and either complete the reconciliation work sheet by hand or use the online Checkbook Balancing Calculator.

 

 

Sample Completed Checkbook Register

ITEM NO.

DATE

TRANSACTION DESCRIPTION

SUBTRACTIONS

AMOUNT OF PAYMENT

√

FEE

ADDITIONS

AMOUNT OF DEPOSIT

BALANCE

   500

00

6801

9/1

Athletic Shoe Co.

       55

63

 

 

 

 

55

63

 

 

  Running shoes

 

 

 

 

 

 

444

37

 

9/4

Work paycheck

 

 

 

 

235

00

235

00

 

 

  Direct deposit

 

 

 

 

 

 

679

37

6802

9/6

Food 'n Shop

22

36

 

 

 

 

22

36

 

 

  Groceries

 

 

 

 

 

 

657

01

6803

9/10

Credit Union

25

00

 

 

 

 

25

00

 

 

  Cash

 

 

 

 

 

 

632

01

 

9/17

ATM

15

00

 

.50

 

 

15

50

 

 

  Cash

 

 

 

 

 

 

616

51

 

9/18

Work paycheck

 

 

 

 

355

00

355

00

 

 

  Direct deposit

 

 

 

 

 

 

971

51

 

9/23

Energy Plus Utility

26

75

 

 

 

 

26

75

 

 

  Electric bill autopay

 

 

 

 

 

 

944

76

6804

9/28

Aria Dayson

23

00

 

 

 

 

23

00

 

 

  viola lessons

 

 

 

 

 

 

921

76

 

9/28

Best-Mart

 

 

 

 

35

50

35

50

 

 

  Refund check

 

 

 

 

 

 

957

26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sample Account Statement

 

MEMBER STATEMENT

 

Your Credit Union

Anyplace USA       

                       

Page 1 of 1

 

Thomas B. Anderson

2063 Pleasant Road

Anywhere, USA 12345

 

 

Statement Closing Date

September 30, 20XX

 

PREMIUM SHARE DRAFT ACCOUNT

 

 

Beginning Balance on August 30, 20XX

$ 500.00

 

 

Deposits and other additions

+590.00

 

 

Checks paid and other subtractions    

-122.88

 

 

Trans. Date

 

Description

Debits

Credits

New Balance

8/30

Beginning balance

 

 

500.00

9/01

Check No. 6801

55.63

 

444.37

9/04

ACH: Payroll

 

235.00

679.37

9/10

Check No. 6803

25.00

 

654.37

9/17

ATM: Withdrawal S51491 6

15.50

 

638.87

9/18

ACH: Payroll

 

355.00

993.87

9/23

ACH: Energy Plus Utility

26.75

 

967.12

9/30

Closing balance

 

 

967.12

 

Blank Reconciliation Work Sheet

 

CHECKING  ACCOUNT  RECONCILIATION

 

OUTSTANDING CHECKS

 

NUMBER

AMOUNT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

 

 

 

 

 

 

ENDING BALANCE SHOWN

ON THIS STATEMENT                              _______________

 

PLUS DEPOSITS

NOT SHOWN ON THIS STATEMENT           _______________

 

 

SUB-TOTAL                                            _______________

 

 

LESS TOTAL OUTSTANDING CHECKS        _______________

 

 

EQUALS ADJUSTED ENDING BALANCE      _______________

 

 

 

Adjusted ending balance shown above should agree with the balance shown in your checkbook register.

 

Note: Be sure to deduct any charges, fees, or withdrawals shown on your statement (but not in your checkbook register) that may apply to your account. Also, be sure to add any dividends or any deposits shown on your statement (but not in your checkbook register) that apply to your account.

 

 

Completed Reconciliation Work Sheet

 

CHECKING  ACCOUNT  RECONCILIATION

 

OUTSTANDING CHECKS

 

NUMBER

AMOUNT

6802

22

36

6804

23

00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

 

45

36

 

 

ENDING BALANCE SHOWN

ON THIS STATEMENT                             

 

       967.12

 

PLUS DEPOSITS

NOT SHOWN ON THIS STATEMENT       

 

        35.50

 

 

SUB-TOTAL

 

   1,002.62

 

 

LESS TOTAL OUTSTANDING CHECKS    

 

 

      45.36

 

EQUALS ADJUSTED ENDING BALANCE  

 

     957.26

 

 

Adjusted ending balance shown above should agree with the balance shown in your checkbook register.

 

Note: Be sure to deduct any charges, fees, or withdrawals shown on your statement (but not in your checkbook register) that may apply to your account. Also, be sure to add any dividends or any deposits shown on your statement (but not in your checkbook register) that apply to your account.