Financial part 2
What transactions will you need to include on your account register?
ATM fees withdraws, deposits
Why is it important to keep your own financial records?
- It can help you determine your current financial status, pay bills on time, complete required tax reports, make proper financial decisions with investments, plan for future.
What are 3 things you'll need to balance your checking account each month?
Check register Last bank statement A reconciliation sheet
What does it mean to reconcile your account? How often should you reconcile your bank account?
Reconciling your bank accounts helps you identify problems and prevent fraud At least once a month
Which record is the most accurate reflection of your current balance?
Your own bank register
Why is it a good idea to select "credit" instead of "debit" when using your debit card for purchases?
When you use a debit card from an exempt issuer, the fees that merchants pay could vary depending on whether you choose to use your PIN or signature, and merchants will generally pay more for PIN-based debit transactions.
