to keep track of the checks you write, make sure you always record
the date the check was cashed
the number of checks you have remaining
the amount the checks were written for
Here are some steps you can follow to keep track of the checks you write effectively:
1. Create a check register: Use a notebook, spreadsheet, or a dedicated check register app to record your check transactions. It should have columns for the date, check number, payee, check amount, and notes.
2. Record the date the check was cashed: When you write a check, record the date in the check register. This will help you track the length of time between when you wrote the check and when it was cashed.
3. Note the check number: Assign a unique number to each check you write, starting from an initial number. Write this number on the check itself, and record it in the check register. This helps in identifying and reconciling checks easily.
4. Track the remaining number of checks: Keep a count of the number of remaining checks you have in your checkbook. When you use a check, subtract one from the total. This way, you can know when it's time to order more checks.
5. Record the amount the checks were written for: Write the amount of each check in the check register, next to the corresponding check number and date. This allows you to keep track of how much money you have spent through checks.
6. Regularly reconcile your check register: Compare the transactions recorded in your check register with your bank statement. Mark the checks that have cleared, ensuring the amounts and dates match. This reconciliation helps detect any discrepancies or errors.
7. Store canceled checks and statements: After a check has cleared, keep the canceled check along with the bank statement in a safe place. This serves as proof of payment and aids in future reference or disputes.
By following these steps, you'll have a clear record of your check transactions, making it easier to stay organized and manage your finances effectively.