Checkbook Register Template in Excel

Checkbook Register Template in Excel has the ability to keep a record of all of your transactions and bank balances. It is easy to manage a checkbook register and is a favorable way to maintain your finances.

If you have a useful format for the check register, it will be easier for you to manage them. This template can maintain a record of all your business or personal accounts with useful information (date, amount) and details of all your transactions.

Checkbook Register Template

A simple checkbook register template in excel is very helpful for keeping track of the bank account balances and reconciliation. Further, it is useful for both businesses and personal finance management.

So, a single checkbook register can track and manage multiple bank accounts. There was a time when people carry their checkbooks for money transactions. However, the technology of debit and credit cards has replaced manual checkbooks and do transactions electronically.

Thus, the checkbook register template is helpful to keep track of account transactions and balances using Excel.

Normally, the checkbook register includes a single entry of the current balance. However, sometimes it is useful to include the cleared balance term as well. The cleared balance referred to the balance of all the transactions listed under the reconcile head. So, it is helpful in the process of reconciliation of the checkbook register with the account statement.

An advantage of this check register template is that you can get a specific checkbook’s record by maintaining a checkbook registers if the bank’s website is not working accurately.

You can access your records anywhere and anytime, which is handy and available 24/7. It is important to write all checks in your checkbook register to complete the core objective of this template.

This template provides a proper way to track all the transaction activities you make via personal or professional accounts. This tool allows the user to have the entire information on all his accounts. It gives the users an upper hand and many advantages.

Checkbook-Register-Template-in excel

Significance of Checkbook Register Template:

The checkbook register is mainly helpful to track and maintain the current balance for one or more bank accounts. So, the checkbook register is useful for multiple applications such as business and personal finance.

For example, a student has an unlimited fund to spend on a project. But still, he needs to keep track of his spending and account balance. Thus, the use of a checkbook register helps to track the history of transactions. So, a report is generated based on the transaction to see how much money is available in the account.

Elements of Checkbook Register Template:

There are several types of checkbook registers depends on the end-use. However, a very basic and simple checkbook register template must include the following elements:

  • Date of Transaction
  • Check Number
  • Category of Transaction
  • Reconcile or Cleared
  • Withdrawal Payment
  • Deposit Credit
  • Balance
  • Cleared Balance
  • Current Balance

There can be many categories of transactions for business or personal finance such as Rent, Real Estate Taxes, Furnishings/Appliances, Maintenance, Improvements, Housing, Health, and Study.

A check register covers,

  • Check number
  • Date of writing check
  • Detail of the transaction
  • Payment exact amount
  • Withdrawal amount
  • Fee amount
  • Deposit amount in checking account
  • Transfer (if you have more than one account)
  • Current balance

Who Can Use Checkbook Register Template in Excel?

A number of people (individuals, accounting professionals, and students) can use this template. Individuals can keep a record of all their transactions and track all their income and expense. This template helps them to know how much money they have in their accounts.

Professional accountants can use this check register template to maintain their business bookkeeping records. They can calculate their daily or weekly net profit or loss by keeping a record of all the money they spend and receive on a day or week. For bankers, it becomes easy to keep track of their client’s transactions.

Why Use a Checkbook Register Template?

If you have many transactions to make, then it is possible to run out of checks. When you pay with checks every day, you should keep a record of it. These templates help you find a precise and perfect way to maintain a checkbook register. It can keep records of important financials of an organization.

These are some benefits of keeping a check register.

  • Provides real-time information
  • Tracks every single transaction
  • Keeping this is free of cost
  • Help you make a correct budget
  • Keep records of all payments

The check register is a vital document for you if you want to remain on top of your financials. You can look from where the money is coming, where it is going, and how much you are left with. If bank officials commit mistakes, you can help them describe those mistakes and correct them by maintaining a check register.

You can also avoid checks bouncing and prevent charging of additional fees on your account!

How to Make Checkbook Register?

Checkbook-Register-Template-Excel

There are many software and tools available to manage business accounts. However, these tools are very expensive. So, it is preferred by small businesses to use spreadsheet-based templates.

The MS Excel-based spreadsheet templates are mostly common. However, people are going for google sheets templates due to its cloud-based nature. MS Excel integration with SharePoint enables this feature for Office Suite as well.

The checkbook register template is a basic tabular template. Although, one can simply make a table with headings and data input. However, the use of an Excel sheet is best due to its advanced formulas. Thus, it is recommended to set formulas for calculation of account balance after each transaction and the total.

Also, the current balance can be integrated from the previous sheet, and the cleared balance is summed up from the reconciled column. Further, the categories column must have a drop-down list to choose the category from the defined list. It will help to use a defined nomenclature for calculations. So, the symmetrical use of proper nomenclature of categories makes the sheet professional and worth using.

Conclusion

Now you know about check register benefits, how to maintain it, what it covers, and why it is handy for you, we hope you found this information valuable. Share with your friends and if you have any questions ask in the comment section.

checkbook-register-template.xlsx (34 downloads)

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