Balancing a checkbook

Currently, we can easily access any bank service directly from our phones, as most banks provide their own apps.

A few decades ago, however, it was common to carry a checkbook. Balancing a checkbook refers to the process of reconciling the transactions in your bank account with the transactions you have recorded in your checkbook or financial records. 

It was a manual process where every time you wrote a check, you would record the transaction in your checkbook to keep track of your expenses. Then, the bank would provide a monthly statement of your accounts, which you could compare to your records.