As we had discussed in our previous post, the Transaction Register is that nifty tool that can help you manage your finances. It is a form that comes with cheques for the purpose of tracking and balancing a chequing account. There are specific fields included in the transaction register designed to record detailed information to help track spending and balance account.
Record expenses such as:
- payroll deposits
- cash withdrawals and Interac purchases
- mortgage payments, car payments etc
- pre-authorized debits and the date they will come of out your accounts
- bills you pay Internet or telephone banking
Watch this video to learn more about the specific fields in the transaction register.