Anyone Balance Their Checkbook In Excel?

[dullard]

Originally posted by: JLGatsby
I don't see why anyone would need to balance their checkbook. I know from memory, no not to the exact penny, but I can remember to the nearest $50. But I rarely write checks.

The main reason is that banks can and do make errors. I've caught an error from my bank once where they withdrew the wrong amount for a check. How would you like to be screwed out of lets say $100? If you never compared the bank's record with your own record, how would you know that you were missing money? And if you wait too long, you lose out forever.

Balancing a checkbook can take just a few seconds. Most of us here just open the bank's webpage and make sure that what was credited/debited matches what we just spent/deposited. It is very simple to do. Scan through the numbers on the website and compare them to numbers you (a) memorized or (b) wrote down yourself.

 

[archcommus]

MS Money.

 

[cipher00]

Yeah. I use tabs for checks, atms, transfers, debit. Plus a "summary" page. I tried Quicken but really didn't like it.

 

[ElFenix]

did you just learn about computers yesterday?

 

[supastar1568]

well the main reason for quesiton is what if you lose your data on the computer?

Do you back up all of your finances that are on your hard drive?

 

[necine]

I balance it in my head and check it using my online banking. It's not hard. I've never bounced a check.

 

[Dedpuhl]

I used Excel until online banking was an option.

 

[randomlinh]

for some reason, i could never use money/quicken to keep tabs on my account. I guess I like the simplicity of a spreadsheet.

 

[archcommus]

I like the idea of using Excel because I can customize it, but Money already does everything I would try to do in Excel. Plus being able to download account data straight into Money is very nice.

 

[ironcrotch]

I just look at my monies online.