Quote:
Originally posted by BentNotTwisted
I believe you are thinking of reconciling a bank statement as opposed to the original question about balancing the check book which means subtracting written checks from your current balance.
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General usage has the two meaning the same thing. Doing the reconciling between your records and the banks is known as "balancing" the books. I keep my files up-to-date multiple times each month, since I hate having to do it all when the statement comes.