DECA Financial Consulting Complete Practice Exam

When reconciling your check register, subtracting all applicable fees from your balance is crucial because it ensures that the balance accurately reflects the actual funds available in your account. This process involves taking the initial balance recorded in the check register and deducting any fees charged by the bank, such as monthly maintenance fees or transaction fees, which may not be recorded in the check register yet. By doing this, you are aligning your check register with the bank's records, which provides an accurate account of what funds are accessible for withdrawals or expenditures.

The other actions listed, while they may play a role in managing a check register, do not directly contribute to the accuracy of your account balance in terms of reconciling with bank records. For example, simply adding all deposits does not account for deductions and would not provide a clear picture of your funds available. Raising any checks outstanding focuses on identifying which checks have not cleared yet but also does not directly correct the balance discrepancy. Writing the total at the bottom could assist in tracking the balance, but it does not ensure that the recorded balance is accurate in relation to fees. Each of these actions is important in its own right, but subtracting applicable fees is the essential step for reconciling and ensuring the integrity of