I remember watching Mom balance her checkbook register when I was a much younger girl. Sometimes the balance at the end of her checkbook register wouldn't match what her monthly bank statement said. She would try to figure out where the error was. If that didn't work, she'd make an adjusting entry into her checkbook register and label it "ESP". Voila! Her account was balanced.
What does "ESP" mean, you ask? Simply put, it means, "Error Some Place". Those three little letters fixed it all.
As I got older, and obtained a checking account of my own, I became an accounting Nazi of sorts. I took to the challenge of balancing my register like it was the challenge of a lifetime. I would not let a penny escape me -- I WOULD find that error and knowingly correct my mistake.
Even after we started using online banking, and no longer received monthly statements from our bank, I regularly balanced our account. Gordon watches our balance online regularly, but doesn't often take the time to reconcile it to what our checkbook register says. I NEED my accounting balance to match what the bank's balance says it should be exactly.
I know, I know. I'm weird. I actually LIKE balancing checkbooks.
My boss looked at me cross-eyed when I told her that one time.
I relish the challenge of finding where that one-cent mistake is.
I'm more than a little ashamed to say that it has been MONTHS since I last updated our checkbook register and reconciled it. MONTHS. It has been looming over my head. I was always saying to Gordon, "THIS weekend, I have GOT to get the checkbook balanced!" But the kids' various activities and household chores and LIFE just kept getting in my way. I never got around to it. Until today.
I'm proud to say that I finally tackled it. After more than seven months. It took me 3.5hours (mostly because I had to write in every single debit card purchase we've made since I last balanced). Even after all that time spent, I was still off by $0.02. I went back through it all, re-calculated it, and was still off. Two cents. TWO CENTS.
Want to know what I did? I wrote: "ESP......+.02". Suddenly my account balanced. Mom was right! Voila!