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CALCULATE: Reconcile Your Checkbook
If you track your monthly checking account transactions manually, it's important to compare your
records with those of the bank's to make sure you have an accurate knowledge of how much is in
your account! In this activity, you will reconcile (or compare/match) a sample checkbook register
and bank statement.
Part I: Def nitions
Review the def nitions below of the three things you need to reconcile your checkbook:
âš« Checkbook Register - Your Record of your transactions (page 2)
。 Note: You can access an editable version of this checkbook register here.
Bank Statement - The Bank's Record of your transactions (page 3)
Reconciliation Worksheet - How you identify the missing transactions between the two
(page 4).
Part II: Reconcile Your Checkbook
1. Match the Checkbook Register up with the Bank Statement.
a. If a transaction is in both documents + check it off in the Checkbook Register in the
checkmark column.
b. If a transaction appears only in the Checkbook Register but NOT the Bank
Statement + list that transaction in the Reconciliation Worksheet.
c. If a transaction appears only in the Bank Statement but NOT the Checkbook
Register + add it to your Checkbook Register.
2. How do you know when you are done? The total balance in your Checkbook Register
matches the total balance in the Reconciliation Worksheet.
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Last updated: 6/3/20
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