This is due to the advent of online commerce and technology. But nowadays, keeping track of financial accounts is a lot easier. Why? Because you had to document every transaction in the free checkbook register to keep an accurate running balance. It is also considered a cash disbursement journal, as it records all the checks, outlays of the cash, and cash payments during an accounting period.Īccording to an article from Health Care Family, balancing a checkbook before was critical since there is no online account history to check. This checkbook is a booklet or a folder containing pre-printed paper instruments, which bank holders use to withdraw money from their checking account deposits. Checks are documented to what we call “checkbooks”. It wasn't until the early 1500s in Holland wherein checks first got widespread usage.
Did you know experts believed the Romans invented checks in about 352 B.C? But the idea didn't catch on.
