Youth In Transition Toolkit

Balancing Your Checkbook

You will know that your checkbook register is “balanced,” or correct, by comparing the balance
in your register to the “New Balance” shown on the bank’s statement. To balance your
checkbook, complete the following steps.

First you must obtain your new checkbook balance:

1. Enter the balance from your register on
   Line A.

A. ____

2. Enter the amount of any service charge
   on Line B.

B. ____

3. Subtract Line B from Line A. C. ____

This is your new checkbook balance.

Now you need to obtain the current bank balance.

Compare the check numbers and amounts on the statement with the checks listed on your
register. Below, write down any checks written during the statement period and listed in your
register but not in the bank’s statement.

Check Number

__________

__________

__________

Amount

__________

__________

__________

Total: $ __________

2. Write down the new balance from the
   statement on Line D.

D. ____

3. Enter any deposits shown in the register
   but not in statement on Line E.

E. ____

4. Add Lines D and E; enter this subtotal
   on Line F.

F. ____

5. Enter total amount of checks not shown
   in statement on Line G. (Total from
   Step 1 above).

G. ____

6. Subtract Line G from Line F. Place
   result on line H.

H. ____