Checkbook Balance Calculator
Calculator Use
Use this calculator to balance your checkbook.
* If you did not record bank service charges or interest into your checkbook register you should enter them here. Otherwise leave these blank.
- Checkbook Register Balance
- Enter the ending balance in your check register.
- Bank Statement Balance
- Enter the ending balance from your current bank statement.
- Service Charges
- Enter any service charges on this statement that you have not calculated into your checkbook register balance.
- Interest
- Enter any interest received on this statement that you have not calculated into your checkbook register balance.
- Outstanding Drafts
- Withdrawals in your register but not shown on this statement including ATM transactions, Point of Sale (POS) charges, checks, etc.
- Outstanding Deposits
- Deposits in your register but not appearing on this statement.
To balance your bank statement and checkbook you will get the ending balance of your latest bank statement then add or subtract any transactions in your checkbook that have not been included on your latest bank statement. The total you calculate should match the current balance of your checkbook. See the detailed steps shown below the calculator.
Before using the checkbook balance calculator be sure any interest and other automatic deposits or withdrawals in your bank statement have been included in your checkbook balance.
How to balance a checkbook:
- Balancing your checkbook assumes you have been keeping your own record of bank transactions and that you are now reconciling your records with the bank records. The bank records are in the form of your periodic statement.
- From your bank statement:
- Locate any interest payments, special charges, automatic withdrawals, or automatic deposits and be sure they are all entered into your check register and that your total is updated.
- If you do not record service charges or interest in your register you must enter them above.
- Get the ending balance from your bank statement and enter it in the first field above.
- Compare Transactions
- Compare your bank statement with your check register to see whether all of the transactions you have made have cleared your account. Place a check mark in your checkbook register beside each transaction that appears on the bank statement as having cleared.
- From your check register or records:
- Locate any outstanding drafts and enter them above. These will be items that were not cleared in step 3. These are withdrawals that you have made but do not appear on any bank statement to date. These include ATM transactions, Point of Sale (POS) charges, checks, etc.
- Locate any outstanding deposits and enter them above. These will be items that were not cleared in step 3. These are deposits you have made to your account but do not appear on any bank statement to date.
- Click on the "Calculate Balance" button. This will calculate what your checkbook balance should be. Compare this amount to the ending total in your checkbook.
- If the numbers do not match you may need to review your transactions to be sure all items were recorded correctly. You may also need to recheck your math to be sure additions and subtractions in your register were made correctly.