MAINTAINING A CHECKBOOK REGISTER BANKING PART 6 Mr. Stasa

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Presentation transcript:

MAINTAINING A CHECKBOOK REGISTER BANKING PART 6 Mr. Stasa

Step #1: ENTER THE NUMBER OR CODE  D: Bank Deposit  W: Bank Withdrawal  ATM: ATM withdrawal  DC: Debit Card  ___#: Check number  EFT: Transfer money from one account to another  AD: Automatic Deposit (Direct Deposit)  BP: Automated Bill Pay  List on top white line D

Step #2: ENTER THE DATE  Date of transaction  List on top white line 5/4 D

Step #3: ENTER A TRANSACTION DESCRIPTION  Description of activity  Name of store / business  Person’s name  List on top white line AT&T Phone bill 5/4 D

Step #4: ENTER THE PAYMENT AMOUNT (-)  Amount of money deducted  List on top (white) line AT&T Phone bill 5/4 D

Step #5: ENTER A CHECK MARK FOR PROCESSED CHECK (not used frequently)  Check this column off when your check has been cleared and the amount is withdrawn from your account. Giant Eagle Groceries 5/4 #

Step #6: ENTER A CHECK MARK IF THERE WAS A FEE (not used frequently)  Bank fee  Write a checkmark and include in deposit column  Overdraft  Misc. bank fee 2 00 ATM Fee (Chase Bank) 5/4 W

Step #7: ENTER THE DEPOSIT AMOUNT  Amount the account was increased by  List on top white line Birthday Gift Money from Mom 5/4 D

Step #8: UPDATE THE BALANCE USING BOTH LINES  Current balance of account  List the Payment Amount or Deposit Amount on top white line with a “+” or “-” next to the amount  List the current balance amount on bottom (gray) line Birthday Gift Money from Mom 5/4 D Existing Balance of $200.00

#100 5/14 Fine Foods - Groceries D W5/12 5/ Deposit to Checking Bought new checkbooks Put it into Action! (Class Example) (1)Opened a new checking account and made a opening deposit of $ into account on May 12. No prior balance. (2)Paid $20.00 for new checkbooks on May 12. (3)Paid $23.11 for groceries at “Fine Foods” using check #100 on May 14. (4) Withdrew $40.00 from your bank’s ATM on May 15. (5) Paid your cell phone bill online for $55.00 on May 16. ATM 5/15 ATM Withdrawal BP BP 5/16 Cell Phone Bill (online)