DID YOU KNOW?
Did you know that Checks are believed to be invented by the Romans about 352 B.C.? But the idea apparently didn't catch on until the early 1500s in Holland wherein checks first got widespread usage. Checks are documented to what we call “Checkbooks”. A Checkbook is a booklet or a folder containing preprinted paper instruments that can be used by a bank holder to withdraw money from his/her checking account deposits. It is also considered a cash disbursement journal as it is used to record all of the checks, outlays of the cash, and cash payments during an accounting period.
According to an article from Health Care Family, balancing a checkbook before was critical since there is no online account history to check. You had to document every transaction in the checkbook register for keeping an accurate running balance. But with the advent of online commerce and Technology, keeping track of financial accounts has been made a lot easier nowadays. The Solutions by Softonic has provided a list of five checkbook register apps for Android and Mac users. Some of these are Mint, Spendee, GoodBudget, and GNUCash. A check register is an important part of your accounting process, not only it will help you track your day-to-day purchases and spendings but it will also help you manage your money wisely.