Update your check register each time you spend cash or write a check to ensure you have an accurate balance. Record transactions in your check register before recording your business transactions in your general ledger. Keep your transactions organized and up-to-dateĪs a business owner, you need to know how to complete a check register.There are many advantages of using a check register at your small business. Unlike online bank statements, check registers give you a real-time record of your bank account balance and how much money you have available to spend. Your register reveals what kind of purchases your business makes and can help you make spending adjustments if needed. Debits and credits associated with the transactionĪ check register is an important part of your accounting process.Check number or category (e.g., electric bill).Typically, the parts of a check register include the following: Businesses use a check register to calculate a running balance of their checking account.ĭepending on your business’s needs and preferences, you may have a separate business check register for each checking account (e.g., payroll account and operating account check registers).Ī cash disbursements journal usually has columns that help you organize and break down transaction information. So, what is a check register? What is a check register?Ī check register, or cash disbursements journal, is where you record all of the check and cash transactions your business has during an accounting period. For an up-to-date picture of your transactions, you can use a check register. But, sometimes your business bank statement is not up-to-date with the most current information. As a small business owner, you know how important it is to keep track of your company’s finances.
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