Check Writing

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Check Writing

• All About Checks

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Check Information
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Check Information

• ROUTING NUMBERS The nine-digit string of
  numbers used to identify your bank to process the
  transaction.

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Check Information

• ACCOUNT NUMBER The number used to identify your
  unique account within the bank.

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Check Information

• CHECK NUMBER The number used to identify a
  specific check within the sequence of the
  register. It usually includes 3 or 4 digits.

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Check Information

• TRANSIT NUMBER or ABA NUMBER Used to list
  checks for deposit.

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Check Writing
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Check Writing

• DATE Include the month, day and year you are
  writing the check.

09/15 06
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Check Writing

• PAYEE Write the name of the person or business
  on the line, Pay to the order of.

09/15 06
Athletic Shoe Company
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Check Writing

• AMOUNT IN NUMBERS Write the amount of the check
  in numbers.

09/15 06
Athletic Shoe Company
55.63
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Check Writing

• AMOUNT IN WORDS Write the amount in words.
  Start at the left, write any cents as a fraction,
  and draw a line in the extra space.

09/15 06
Athletic Shoe Company
55.63
Fifty-Five and 63/100 ----------------------------
------------------
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Check Writing

• SIGNATURE Sign all checks the way you sign the
  signature card.

09/15 06
Athletic Shoe Company
55.63
Fifty-Five and 63/100 ----------------------------
------------------
George Washington Doe
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Check Writing

• MEMO Use the memo area to note the reason for
  the check.

09/15 06
Athletic Shoe Company
55.63
Fifty-Five and 63/100 ----------------------------
------------------
George Washington Doe
Running Shoes
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Check Register
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Check Register

• Check Register Dont forget to balance your
  checkbook by filling out the check register.

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Check Register

• Enter the number of the check just issued in the
  number column.

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Check Register

• Enter the date of the check in the date column.

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Check Register

• Write in the name of the person/company to whom
  the check is being issued in the description
  column.

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Check Register

• Enter the amount of the check in the
  payment/debit column.

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Check Register

• Subtract the amount of the check from the
  previous balance and enter the new amount in the
  balance column.

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Recording a Debit Card Transaction
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Check Register

• Enter DBT in the number column.

NUMBER DATE DESCRIPTION OF TRANSACTION PAYMENT/ DEBIT (-) DEPOSIT/ CREDIT () BALANCE
July 1 Beginning Balance 600.00
DBT July 13 Walmart 25.64 574.36


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Check Register

• Enter the date of the transaction in the date
  column.

NUMBER DATE DESCRIPTION OF TRANSACTION PAYMENT/ DEBIT (-) DEPOSIT/ CREDIT () BALANCE
July 1 Beginning Balance 600.00
DBT July 13 Walmart 25.64 574.36


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Check Register

• Write the company name in the description
  column.

NUMBER DATE DESCRIPTION OF TRANSACTION PAYMENT/ DEBIT (-) DEPOSIT/ CREDIT () BALANCE
July 1 Beginning Balance 600.00
DBT July 13 Walmart 25.64 574.36


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Check Register

• Enter the amount of the transaction in the
  payment/debit column.

NUMBER DATE DESCRIPTION OF TRANSACTION PAYMENT/ DEBIT (-) DEPOSIT/ CREDIT () BALANCE
July 1 Beginning Balance 600.00
DBT July 13 Walmart 25.64 574.36


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Check Register

• Subtract the amount of the transaction from the
  previous balance and enter the new amount in
  the balance column.

NUMBER DATE DESCRIPTION OF TRANSACTION PAYMENT/ DEBIT (-) DEPOSIT/ CREDIT () BALANCE
July 1 Beginning Balance 600.00
DBT July 13 Walmart 25.64 574.36


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Prepare the Deposit Slip and Record in the Check
Register
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Prepare the Deposit Slip and Record in the Check
Register

• Enter the date on which the deposit is being made
  on the proper line.

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Prepare the Deposit Slip and Record in the Check
Register

• Enter any cash being deposited in the columns
  next to the word cash. Remember, dollar
  amounts go in the left-hand column and cents go
  in the right-hand column.

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Prepare the Deposit Slip and Record in the Check
Register

• Write the ABA number from check on the line
  provided and the amount of the check in the
  columns provided.

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Prepare the Deposit Slip and Record in the Check
Register

• Add all money (cash and checks) to be deposited
  and enter the amount on the subtotal line and
  again on the bottom line.

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Prepare the Deposit Slip and Record in the Check
Register

• Enter the total amount of the deposit in the
  check register. Since this entry is not a check,
  nothing will be written in the Number column.
  Enter the date of the deposit in the Date
  column, the word Deposit in the Description
  column, and the amount of the deposit in the
  Deposit/Credit column.

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Prepare the Deposit Slip and Record in the Check
Register
NUMBER DATE DESCRIPTION OF TRANSACTION PAYMENT/ DEBIT (-) DEPOSIT/ CREDIT () BALANCE
July 1 Beginning Balance 600.00
DBT July 13 Walmart 25.64 574.36
Oct. 6 Deposit 316.92 891.28

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Prepare the Deposit Slip and Record in the Check
Register

• Add this amount to the previous balance and enter
  the new total in the Balance column.

NUMBER DATE DESCRIPTION OF TRANSACTION PAYMENT/ DEBIT (-) DEPOSIT/ CREDIT () BALANCE
July 1 Beginning Balance 600.00
DBT July 13 Walmart 25.64 574.36
Oct. 6 Deposit 316.92 891.28

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Bank Reconciliation
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Bank Reconciliation

• To calculate the adjusted check register balance
• Enter the checkbook register balance on the line
  indicated.

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Bank Reconciliation

• Enter and subtract the service charge, if there
  is any.

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Bank Reconciliation

• Enter and add interest earned on the account, if
  there is any.

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Bank Reconciliation

• Enter the adjusted check register balance on the
  line indicated.

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Bank Reconciliation

• To calculate the adjusted bank statement balance
• Enter the bank statement balance on the line
  indicated.

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Bank Reconciliation

• Enter the check number and amount of any
  outstanding check (a check that youve written
  but which the bank has not yet received for
  payment.

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Bank Reconciliation

• Total the outstanding checks and subtract the
  amount from the bank statement balance.

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Bank Reconciliation

• Enter any outstanding deposits (deposits you have
  recently made but which were not yet entered on
  the bank statement) where indicated and add to
  the previous balance.

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Bank Reconciliation

• Enter the adjusted bank statement balance on the
  line indicated.

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Bank Reconciliation

• To determine accuracy of bank statement
  reconciliation

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Bank Reconciliation

• Compare the total of the adjusted checkbook
  register balance to the adjusted bank statement
  balance these two totals MUST be the same. If
  they are not, recheck your work until the two
  totals do agree.

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Check Writing

• 12 Rules About Checking

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12 Rules About Checking

1. Only write checks when you have enough money in
   your account.
2. Write checks legibly.
3. Write the check amount as far to the left as
   possible.
4. Always use a pen to write checks.

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12 Rules About Checking

1. Dont erase mistakes on a check.
2. Dont sign blank checks.
3. Use restrictive endorsements.
4. Print the right date on a check.

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12 Rules About Checking

1. Always keep checks in a safe place.
2. Shred voided or unused checks and deposit slips.
3. Record every transaction (including debit card
   purchases) in the checkbook register.
4. Keep a running balance in the checkbook register.

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Check Writing

• How to Cash a Check

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How to Cash a Check

• BLANK ENDORSEMENT Sign your name the same way it
  is written on the front of the check.

George W. Doe
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How to Cash a Check

• SPECIAL ENDORSEMENT Do this when you want to
  give someone else the money. Write pay to the
  order of and that persons name. Then sign it.
  Now that person is the only one that can cash the
  check.

Pay to the order of
William J. Doe
George W. Doe
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How to Cash a Check

• RESTRICTIVE When you want your check to be very
  safe, like when you send it by mail to your bank,
  use this type of endorsement. Then , it can only
  be deposited into your account.

For Deposit Only
George W. Doe
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Check Writing

• The End