When running errands for the business or even on personal time, do you carry a checkbook on you? The first step in the bookkeeping system where you are able to record the transactions that relate to your business or personal bookkeeping so that you can enter them into your system later. The check register is an on hand account of your bank balance. You enter transactions and add a note so that for entries later on, you do not have to refer back to the receipt. Bank reconciliations become much more possible when you are able to account for all your income and expenses so that you can enter them later in your bookkeeping system. Be sure to use a checkbook for each account you use (Petty Cash, Bank Account, CC, etc.) in order to insure ease with your company’s or personal bookkeeping.
