WHIZBAL - PATENTED SIMPLIFIED CHECKBOOK BALANCING WITH MONTHLY BANK STATEMENTS IN 3-6 ENTRIES An account owner that does not keep or balance his checkbook is simply trusting his agent (bank). It is fundamental to keeping the principal/agent relationship intact between yourself and your bank. The register should show a new balance after each deposit, payment, and adjustment transaction.Ĭheckbook Balancing - Means the process (or steps) of reconciling your monthly bank statement’s ending balance, to a balance in your checkbook to ensure agreement of both independent but related records. This includes checks, individual and recurring automatic electronic deposits and payments, and debit card use authorized by yourself as the account owner. WHIZBAL Patented Software: America's Simplest Checkbook Balancing With Bank Statements.Ĭheckbook - Means any type of transaction register, manual or on computer, that keeps track of all transactions affecting your bank account balance.
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