Thus, avoiding unnecessary fees charged on your account. If you maintain Checkbook Register, you can identify those errors and get them corrected.Īdditionally, you can also prevent bouncing back of checks due to the unavailability of balance. Many a time, it happens that bank officials commit some mistakes. Purpose of Maintaining A Checkbook Register It helps you to look where the money is coming/going from and how much is left with you. The Checkbook Register is a crucial document to remain on top of your financials. In simple terms, it records all deposits and withdrawals for a given checking account and used for performing bank reconciliation. Purpose of Maintaining A Checkbook RegisterĪ Checkbook register is a very useful document for keeping track of your Bank balances for personal and business accounts.
