Maintain a payment register
See this course’s project requirements
A fictional personal-account register reconciled to a statement, with pending items, availability, fees and an error-report draft.
Keep your working files in your own notebook or software. Save a private description, checklist, and work link in My Proof.
What to include
- An account-service and annual-fee comparison with unanswered eligibility questions.
- A posted/available/uncommitted balance worksheet with each commitment counted once.
- A running-balance register with transaction identities, types and posting states.
- A two-sided bank reconciliation with an unmatched-item log.
- A transaction-specific error inquiry and follow-up log.
- A paper account-move checklist with a retained-funds calculation and closure conditions.
Review and revise
Use these criteria to check your work and choose what to improve.
- All supplied records reconcile and the decision uses the named case rules.
- Calculations show units, intermediate values and a second check.
- Changed-input practice revises the affected result and identifies uncertainty.
- The final project combines six lesson records, separates fictional assumptions from current rules, and states a supported next step.
Want more background?
The idea in everyday life
This is an original fictional practice case. No account, payment, personal record or outside participation is required. Opening $300; deposit $120; groceries debit $45; transfer to own savings $50. No pending items.
Track each transaction once with an identity, amount and state; a state change does not create new spending.
Maintain a payment register — worked practice
Track each transaction once with an identity, amount and state; a state change does not create new spending.
Use paper or a local table; label all amounts as fictional USD unless the case names another unit. Opening $300; deposit $120; groceries debit $45; transfer to own savings $50. No pending items.
Personal register inputs
Paste at A1.
| AID | BEvent | CSigned USD | DState |
|---|---|---|---|
| OPEN | Opening balance | 300 | Posted |
| D1 | Deposit | 120 | Posted |
| G1 | Groceries | -45 | Posted |
| T1 | Transfer to own savings | -50 | Posted |
Copy as plain text
1. Step 1: Create rows for the opening balance and each event
Draw columns for transaction ID, event, signed amount, state and running balance. Enter OPEN $300, D1 +$120, G1 −$45 and T1 −$50 from the supplied table.
You should see: Three transaction rows plus opening $300.
Track each transaction once with an identity, amount and state; a state change does not create new spending.
2. Step 2: Update the running balance in date order
Update the running balance in date order.
You should see: $420 after deposit, $375 after groceries, $325 after transfer.
Keep this intermediate result so the final decision can be checked.
3. Step 3: Classify the transfer separately from purchases
Classify the transfer separately from purchases.
You should see: Spending is $45; $50 remains the person’s money in another account.
Keep this intermediate result so the final decision can be checked.
4. Step 4: Save a checked register
Compare closing balance with opening + deposits − all account outflows. Separately add only purchase rows when measuring personal consumption.
You should see: Closing account balance $325; deposits minus account outflows reconcile to it.
Keep this intermediate result so the final decision can be checked.
What to finish
A running-balance register with transaction identities, types and posting states.
Watch for this
Counting a transfer between your own accounts as new spending.
How can I tell I understand it?
Build a dated transaction register and distinguish transfers from consumption on a new supplied case, with a visible intermediate check and no unsupported real-world promise.
Quick knowledge check
Answer all 3 questions. Get at least 2 right and the lesson completes automatically.
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Pass the check. We’ll save the progress.
Answer all 3 questions above and get at least 2 right. You can review the explanations and try again.
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Sources and further reading
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Source & access notes · checked 2026-10-01
Official page opened/read during Money expansion authoring; checked the relevant concept and access state. These sources do not establish funding eligibility.
Access: Readable official webpage inspected with the web reader on 2026-10-01. No interactive-tool operation is claimed.
Reuse: Original fictional practice, questions and calculations; paraphrased concepts with a source link. No source exercise copied.
Source & access notes · checked 2026-10-01
Official page opened/read during Money expansion authoring; checked the relevant concept and access state. These sources do not establish funding eligibility.
Access: Readable official webpage inspected with the web reader on 2026-10-01. No interactive-tool operation is claimed.
Reuse: Original fictional practice, questions and calculations; paraphrased concepts with a source link. No source exercise copied.
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