Tips on How to Use an Account Register

Part of the Video Series How to Balance a Checkbook

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How to understand the parts of a transaction register in this free video clip on personal finance.

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Video Transcript

Tips on How to Use an Account Register
Hi, this is Doug Benson on behalf of Expert Village. I'm going to show you how to balance your checkbook and as a result become a better manager of household finances. Your transaction register is ranged in rows and columns. So that your transactions can be entered for easy use. Each of the transactions should occupy one pair of lines. The upper line is white and the lower line is shaded, each page of the transaction sheet is also divided into columns. The columns provided include space for the check number or transactions type, the date or a description and finally fee amount. Two columns are provided for the amount one column is for payments or withdraws and the other is for deposits or credits. The third column is for maintaining your balance and should be updated with each new transactions that you make. Watch my next segment as we continue to learn more about balancing your checkbook and becoming a better manager of household finances.

About the Expert

Expert: Mr. Benson is a certified financial counselor specializing in personal and family finances. He has been serving individuals and families in the Pacific Northwest for over 18 years. Read More