EducationKeeping a Checkbook
A SelectSmart.com Flowchart by FRS
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Did you make a purchase or a deposit?
Purchase
Write down the transaction description in the middle column and the date of transaction.
Write down the transaction amount in the "payment/fee/withdrawal" (-) column
Subtract the withdrawal amount from the previous balance.









Deposit
 
 
 
Write the new balance in the "balance" column to the far right.









Write deposit amount in the "deposit/credit" (+) column.
Add deposit amount to the previous balance above.
Write new balance in "balance" column on the far right.