August 10, 2007, Newsletter Issue #177: Balancing Your Bank Statement

Tip of the Week

Begin with:
Ending Balance from Bank Statement

Add: Deposits in Transit (deposits you´ve made that are not yet recorded at the bank)
Subtract: Outstanding Checks (checks you´ve written that have not yet cleared the bank)

Computed Book Balance

Balance per Your Books (account balance per your checkbook)

Difference (should be zero)

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