Reconciling Online Banking
Online banking offers you an even faster way to review your account. Either way, the benefits of reconciling your account on a regular basis far outweighs the time it takes to do so. Here are the steps you should follow when reconciling your account:
Step 1: Record the balance in your check register. Step 2: Subtract any bank charges. That amount is your check register balance. Step 3: Find the ending balance on your statement and add any deposits not included on your statement. (If you make a deposit after the bank statement was printed, it would not be reflected on the statement.) Step 4: Subtract all withdrawals that are not included on the statement, including all checks, debit card, and ATM transactions. The amount you have after making those adjustments is the current balance in your checking account. If for some reason you cannot get your account to balance, you can go to your bank and ask someone there to help you find the problem. |