How do you write a check? Mr. SmithDate Any street Any City, State Amount Amount Pay to the order of ________________________.

Slides:

Advertisements

Similar presentations

CHAPTER 25 Checking Accounts. CHAPTER 25 Checking Accounts.

Advertisements

Checking Account Register

Oklahoma’s Personal Financial Literacy Passport © Oklahoma State Department of Education. All rights reserved. 1 Teacher Presentation Series 4 Standard.

Warm-up: April 11 What’s the difference between a checking and savings account?

Carl Johnson Financial Literacy Jenks High School.

Checking Account & Debit Card Simulation

Banking Basics. Getting the idea Banks have different types of accounts for your money. A bank account earns interest if the bank pays you an additional.

Teens 2 lesson six using banking services presentation slides 04/09.

Managing a Bank Account Tracking Your Money Test Review.

CREATIVE LIVING PG. 311  Write the answers on the back of the worksheet on the middle table  Get a pair of scissors.

Accounting I Unit I Chapters 1-5.

© South-Western Educational Publishing Chapter 9 Checking Accounts and Other Banking Services  Checking Accounts  Other Banking Services and Fees.

Using A Check Book 3 rd Grade Math Jeanette Conner.

Check It Out 1. 2 Purpose Check It Out will teach you how to use a checking account responsibly.

Banking Jeopardy Double Jeopardy Banking Terms Electronic Banking Savings Accounts Signing.

Banking and Finance Business and Computer Science Mr. Dukes.

Common payment services What are the common payment services provided by financial institutions? 1.

Chapter © 2010 South-Western, Cengage Learning Checking Accounts and Banking Services Banking Services and Fees 9.

Chapter 5 – The Banking System Lesson 5-1: Checking Accounts

Teens 04/09. Beware The High Cost Of Financial Services pawn shops charge very high interest for loans based on the value of tangible assets (such as.

Checking Accounts Chapter 29.

Checking Accounts and Other Banking Services

Checks, Deposits, Registers, and Reconciliations.

Check It Out. 2 You Will Know  The benefits of using a credit union or bank vs. using a check cashing service  Types of fees  Types of checking accounts.

Checking Accounts Step 5 – Reconciling with Your Bank.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-2 Bank Reconciliation  Bank statement  Bank statement reconciliation  Recording.

Bank Account Reconciliation. Reconciling The process of matching your checkbook register with the bank statement is known as reconciliation. The back.

Personal Finance The Parts of a Check.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-2 Bank Reconciliation.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Cash Control Systems Bank Reconciliation These slides are on the class website.

Chapter 10 Banking.

Banking Math 10 Essentials. Banking Transactions A bank is an financial institution which deals with cash, domestic and foreign, receives and stores deposits.

Checking Account Simulation Understanding Checking Accounts.

2 You Will Know Major types of insured financial institutions Basic banking terms Differences between banks and check-cashing services Bank employees.

Managing Your Money with a Checking Account

© Family Economics & Financial Education – May 2006 – Get Ready to Take Charge of Your Finances – Checking Account & Debit Card Simulation Funded by a.

Chapter © 2010 South-Western, Cengage Learning Checking Accounts and Banking Services Checking Accounts Checkbook Practice 9.

Banking Vocabulary.

* Do you have a checking account or credit card that you pay for? Do you know how to manage a checking account or credit card? * Please put your responses.

© South-Western Educational Publishing Chapter 9 Checking Accounts and Other Banking Services  Checking Accounts  Other Banking Services and Fees.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-2 Bank Reconciliation.

Check It Out 1. 2 Introductions Instructor and student introductions Module overview.

GOALS BUSINESS MATH© Thomson/South-WesternLesson 3.2Slide 1 3.2Electronic Banking Record electronic banking transactions Find account balance when banking.

CHECKBOOK PREPARATION for Enterprise City. Your checkbook has three parts: Register pages Checks Deposit Slips.

Financial Algebra © 2011 Cengage Learning. All Rights Reserved. Slide CHECKING ACCOUNTS Understand how checking accounts work. Complete a check register.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-2 Bank Reconciliation.

Checking & Savings Accounts Economics What is a Checking Account?  Common financial service used by many consumers (a place to keep money)  Funds.

Cash controls and banking activities

Checking Account & Debit Card Simulation Understanding Checking Accounts and Debit Card Transactions.

PARTS OF A CHECK.  Your Information PARTS OF A CHECK  Date  Can be written out or done like mm/dd/yy.

4.1 D EPOSITS Deposit: The amount of money that you put into a bank account. Complete a deposit slip. What is the purpose of a deposit slip? ATM (Automatic.

Chapter 9 Checking Accounts and Other Banking Services.

Do Now Why do people have checking accounts?. Unit 4: Lesson 13: Checking Accounts Day 1 Objective: identify vocabulary terms related to checking accounts.

Prepared by Johnny Howard © 2015 South-Western, a part of Cengage Learning.

Bank Reconciliation Objective 4.02D Students will understand and complete the bank reconciliation process.

Prepared by Johnny Howard © 2015 South-Western, a part of Cengage Learning.

Checking Accounts CheckCheck A written order to pay a stated amount to a person or business Checking accountChecking account  Also known as “demand deposit”

More about checking … Completing the checking packet.

Checking Accounts Open, Manage, and Reconcile. 1. What is a checking account?  A checking account is opened at a bank or other financial institution.

LESSON 5-2 Bank Reconciliation

Tracking Your Money Standard 4. Managing a Bank Account

Bank Account Reconciliation

Mrs. Swope Family and Consumer Science

Open, Manage, and Reconcile

Lesson 9.1 unit 4 Checking accounts and other banking services

LESSON 5-2 Bank Reconciliation

LESSON 5-2 Bank Reconciliation

LESSON 5-2 Bank Reconciliation

LESSON 5-2 Bank Reconciliation

Presentation transcript:

How do you write a check? Mr. SmithDate ____________ Any street Any City, State Amount____________ Amount____________ Pay to the order of ____________________________________ ________________________________________________ dollars _________ ____________ Memo Signature

Write out these checks August 1, 2004 rent is due for $ to Mr. Johnson August 1, 2004 rent is due for $ to Mr. Johnson August 1, 2004 Unicell bill is $54.76 August 1, 2004 Unicell bill is $54.76 August 1, 2004 VTEL bill is $49.92 August 1, 2004 VTEL bill is $49.92

What about the check register? All checks written All deposits Any transaction

DateCashChecks Cash out Total Deposit

Deposit slips Date Date Cash Cash Checks Checks Subtotal Subtotal Cash out Cash out Total Total

Let’s make a deposit! Your paycheck was $ on July 4 Your paycheck was $ on July 4 Your roommate paid you his share of the rent, $ on July 1 Your roommate paid you his share of the rent, $ on July 1 You need $40.00 cash for the weekend You need $40.00 cash for the weekend What is your total deposit? What is your total deposit?

Any Questions?

What is the balance of our check register if we started with $ Checks Written $600.00$54.76$49.92Deposit$690.04

What is ATM? Automated Teller Machine You would use your debit card or your debit/credit card.

Debit/Credit Card? How does this work? How does this work? You can make purchases anywhere that excepts a credit card. You can make purchases anywhere that excepts a credit card. The money comes from your checking account. The money comes from your checking account. Remember to write it down in your check register. Remember to write it down in your check register.

Check register Documenting ATM’s and Debit/Credit purchases. Write the date, amount, where, and card (instead of check number).

Filling out the Check Register! July 16, 2004 you need $40.00 cash for the weekend July 16, 2004 you need $40.00 cash for the weekend July 17, 2004 groceries at Walmart for $52.98, using your debit/credit card. July 17, 2004 groceries at Walmart for $52.98, using your debit/credit card. July 18, 2004 Dinner for two at Weathervane $60.85 using your debit/credit card. July 18, 2004 Dinner for two at Weathervane $60.85 using your debit/credit card.

Balance? Do you know what you have left in your checking account? Do you know what you have left in your checking account? Let’s check that know! Let’s check that know!

Any Questions?

Ready to start balancing?

Bank Statement Time to balance your account with the bank statement!

Check off all items in your check register that are on the bank statement. Check off all items in your check register that are on the bank statement. Checks Checks ATM’s ATM’s Purchase with your debit/credit card Purchase with your debit/credit card Deposit Deposit

Balancing your check register Enter checkbook balance Enter checkbook balance Add Interest or credits to your account Add Interest or credits to your account Subtotal Subtotal Subtract any bank charges, fees or debits Subtract any bank charges, fees or debits Adjusted Checkbook Balance Adjusted Checkbook Balance

Balancing your bank statement Enter bank balance from statement Add deposits that are in your check register and not on the statement Subtotal Subtract outstanding checks (checks written that are not on the statement) Adjusted Bank Balance

Do they match? Yes Yes No, lets find out why? No, lets find out why?

Questions?