How to know the checkbook balance and caution while writing a personal check

If you are not new in dealing with personal check the term reconciliation will not be a new to you. In precise reconciliation means tallying of the cash book balance with the bank statement. If you are frequent issuer of check there is chance that there may be mismatch with the balance with the cash book. Hence it is always advised to check the checkbook balance periodically, so that the chance of the error will be avoided. Here is the article which will guide you to know the checkbook balance.

Prior to precede for the checkbook balance make sure that you have verified the bank statement with the check book and you have tallied the balance. At the same time also ensure that you have enough time while checking the check balance so that you can perform the duty in a peace of mind. 

The next aspect is to make sure that all your credit and debit entry has been posted into the account of your checkbook, so that here will be no chance of any sort of error. At the same time make sure that if you have issued any checks and put any checks for presentation is cleared at the time of checking the balance. 

The data collection part is over and now comes the checking of the balance. This task can be performed by going through the each and every transaction. While checking mark of each transition on your check book and get it checked from your bank statement. The best way to make it fool proof is to check the date for every transaction in both check book and the bank statement. 

While issuing check you need to be careful in certain aspects, so that the chance of check bouncing and rejection will be avoided. While writing the check makes sure you are writing the check with the best possible handwriting. Even if your handwriting is not attractive make sure the check you have written is clear and the banker should read it properly as a result of which there will be no chance of miscommunication. 

If you run a business organization you might have many accounts and many checkbooks as well. Hence while writing the checks you have to bit careful ion selection of the checkbooks so that you will pay the correct check for the correct account. At the same time make a double look into the date and amount for which check is issued. Make sure that amount in words and number match perfectly so that there will be no chance of rejection or bouncing of checks. Finally keep a record of the issued check and the number of check presented for payment. These are the basic steps to calculate and know the check balance of your account in a foolproof way.