What Are Check Registers?

Check registers are personal records of the business checking accounts. Businesses make use of such registers as a back up system.  

Why Do We Require A Check Register? 

Banks can make mistakes. And if these mistakes are not detected, your business can suffer huge losses. In order to avoid such mistakes, many organizations use check registers. Besides this, there are a number of other benefits of check registers: 

• Catching identity theft
• Avoiding check bouncing
• Managing overdraft fees

A business must ensure that they enter every transaction into their check register. Even the smallest of details like the use of the debit card, or the ATM receipt must be entered dutifully.  

Kinds Of Check Registers 

You can make your check register in a paper based form or have an electronic one. While some businesses still prefer paper based registers, most of them use electronic ones. Some ways in which you can make electronic registers include: 

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• A simple check register on a Microsoft Excel sheet
• Make use of pre-built spreadsheets
• Make use of packages like Quicken
• Use free printable check register templates over the Internet

Composition Of A Check Register 

If you are printing the register on your own then you need to make sure that the size and the shape of the register include the following columns: 

• A small checkbox to check off the items that have been verified
• A box for filling in the check number or the category of checks
• The date column
• The check description column
• The payment debit column for payments, fees and withdrawals
• The deposit credit column for deposits and interest amounts
• The balance column