Now, armed with the information about deposits and withdrawals, you'll want to record the items in your checkbook and calculate your new ending balance. You can then use Skynova's accounting software to help you maintain copies of your receipts and records, make journal entries that note the flow of money, and help you better manage your business's financial health. These details will help you gain a better understanding of where the money goes throughout the accounting period. For example, record the check number on your checkbook balance sheet, the amount, and the reason you filled out the check.
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