Checkbook Balancer

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The purpose of the Checkbook Balancer is to provide people with an accurate and easy to use tool that will help them to check to see if their checkbook register is an accurate reflection of their actual bank account balance. To use the Checkbook Balancer all you have to do is enter the ending balance from this month's bank statement, then enter all of your outstanding checks, enter all of your outstanding deposits that you have made, and then click on calculate. The Checkbook Balancer will figure out what your actual bank account balance should be. Compare this figure with what you have written in your checkbook register. If the amounts match then your manual checkbook register is correct. If they do not match then your checkbook register is incorrect.

Checkbook Balancer Overview

Keeping track of your deposits and withdrawals from your checking account is critical to the successful management of your personal finances. Many people try to balance their checkbooks manually, however, this often leads to errors. Checkbook balance errors hurt your finances no matter if it produces a result that is more than your actual balance or less than your actual balance.

If you err towards a balance that is lower than your actual bank account balance then you are limiting the funds that are available to you. On the other hand if you err towards a balance that is higher than your actual bank account balance then you risk over-drafting your account. Overdrafts can lead to high NSF fees from both your banker and from the people that you wrote the bounced check to, and overdrafts can also lead to a reduction in your credit score. To avoid all of these problems simply use an electronic checkbook balancer to confirm your manual calculations.