Tip 1:  Use Bank Reconciliation to reconcile balance sheet account.  This is particularly useful for Retainage or Customer Deposit accounts as those are often overlooked. 

Tip 2:  Reconcile credit card statements with Bank Reconciliation.

 Tip 3:  Reconcile your heavily used account more frequently (ie: weekly or daily).  This can make month-end reconciliation much faster for high volume accounts.  It is also very helpful if a company has cash flow issues, or often moves cash to/from higher interest bearing accounts.  The KEY is: once you reconcile to zero, hit “LEAVE” instead of “RECONCILE NOW.”  Quickbooks can only store a limited number of reconciliation reports, so you wouldn’t want to create a report on a daily basis.

 Tip 4:  Speed up the reconciliation process by marking the “Hide transactions after the statement’s end date” and “mark all.”  Sometimes it is faster to unmark only the latest few checks written in a month than to mark every other check, particularly in high volume accounts.  Hiding transactions after the statement’s end date is useful if Bank Reconciliations haven’t been done in a while and need to be done as quickly as possible.