How do you write a check?How do you write a check?

Mr. SmithMr. Smith Date ____________Date ____________Any streetAny streetAny City, StateAny City, State

Amount____________Amount____________Pay to the order of ____________________________________Pay to the order of ____________________________________

________________________________________________ dollars________________________________________________ dollars

__________________ ____________ ____________MemoMemo Signature Signature

Write out these checksWrite out these checks

• August 1, 2004 rent is due for August 1, 2004 rent is due for $600.00 to Mr. Johnson$600.00 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 $49.92August 1, 2004 VTEL bill is $49.92

What about the check What about the check register?register?

• All checks written All checks written

• All depositsAll deposits

• Any transactionAny transaction

DateDate

CashCash

ChecksChecks

Cash outCash out

Total DepositTotal Deposit

Deposit slipsDeposit slips

• DateDate

• CashCash

• ChecksChecks

• SubtotalSubtotal

• Cash outCash out

• TotalTotal

Let’s make a deposit!Let’s make a deposit!

• Your paycheck was $510.04 on July 4Your paycheck was $510.04 on July 4

• Your roommate paid you his share of Your roommate paid you his share of the rent, $200.00 on July 1the rent, $200.00 on July 1

• You need $40.00 cash for the You need $40.00 cash for the weekendweekend

• What is your total deposit?What is your total deposit?

Any Questions?Any Questions?

What is the balance of our What is the balance of our check register if we started check register if we started with $975.68with $975.68Checks WrittenChecks Written

$600.00$600.00

$54.76$54.76

$49.92$49.92

DepositDeposit

$690.04$690.04

What is ATM?What is ATM?

Automated Teller MachineAutomated Teller Machine

You would use your debit card or your You would use your debit card or your debit/credit card.debit/credit card.

Debit/Credit Card?Debit/Credit Card?

• How does this work?How does this work?

• You can make purchases anywhere You can make purchases anywhere that excepts a credit card.that excepts a credit card.

• The money comes from your The money comes from your checking account.checking account.

• Remember to write it down in your Remember to write it down in your check register.check register.

Check registerCheck register

• Documenting ATM’s and Debit/Credit Documenting ATM’s and Debit/Credit purchases.purchases.

• Write the date, amount, where, and Write the date, amount, where, and card (instead of check number).card (instead of check number).

Filling out the Check Filling out the Check Register!Register!

• July 16, 2004 you need $40.00 cash July 16, 2004 you need $40.00 cash for the weekendfor the weekend

• July 17, 2004 groceries at Walmart July 17, 2004 groceries at Walmart for $52.98, using your debit/credit for $52.98, using your debit/credit card.card.

• July 18, 2004 Dinner for two at July 18, 2004 Dinner for two at Weathervane $60.85 using your Weathervane $60.85 using your debit/credit card.debit/credit card.

Balance?Balance?

• Do you know what you have left in Do you know what you have left in your checking account?your checking account?

• Let’s check that know!Let’s check that know!

Any Questions?Any Questions?

Ready to start balancing?Ready to start balancing?

Bank StatementBank Statement

• Time to balance your account with Time to balance your account with the bank statement!the bank statement!

Check off all items in your check Check off all items in your check register that are on the bank register that are on the bank

statement.statement.

•ChecksChecks•ATM’sATM’s•Purchase with your Purchase with your debit/credit carddebit/credit card•DepositDeposit

Balancing your check Balancing your check registerregister

• Enter checkbook balanceEnter checkbook balance

• Add Interest or credits to your Add Interest or credits to your accountaccount

• SubtotalSubtotal

• Subtract any bank charges, fees or Subtract any bank charges, fees or debitsdebits

• Adjusted Checkbook BalanceAdjusted Checkbook Balance

Balancing your bank Balancing your bank statementstatement• Enter bank balance from statementEnter bank balance from statement

• Add deposits that are in your check Add deposits that are in your check register and not on the statementregister and not on the statement

• SubtotalSubtotal

• Subtract outstanding checks (checks Subtract outstanding checks (checks written that are not on the statement)written that are not on the statement)

• Adjusted Bank BalanceAdjusted Bank Balance

Do they match?Do they match?

• YesYes

• No, lets find out why?No, lets find out why?

Questions?Questions?