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Reply to "SO: Does anyone still balance checking account? "
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[quote=Anonymous][quote=Anonymous]I rectify the checkbook every week if not more frequently. We record every transaction in the check book ledger and I am teaching my 13 yr old to do the same. When the statement comes, DH or I check off every transaction in the checkbook and make sure the numbers are correct. Sometimes there is a check that hasn't cleared for a long time or a double entry. There are also things that need to be added in or subtracted (i.e. a bit of interest or the insurance bill that comes out automatically without a paper notice). We always know what we have in the account.[/quote] Reconcile. Not rectify. [/quote]
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