Suspense Reconciliation

It is a good idea to periodically reconcile the balance of the suspense accounts to verify that they are the same as the amounts on the suspense report.

You may have a discrepancy if you have made any manual entries to the clearing accounts, adjusted the suspense balance without making a journal entry for it or if you have cleared an owner's suspense balance from the utilities menu and did not create a check. Suspense will post to two different accounts, so you will need to audit both the "Deficit Account" and the "Legal Suspense account". Both of these are specified under the Edit menu in the Preferences on the "Rev Dist/JIB Posting Preferences" tab. When auditing these accounts you can compare them to the suspense reports.

Quick Reconciliation
Detailed Suspense Reconciliation
Creating a Detailed Custom Rec Report in QuickBooks
How Suspense Posts
Common Discrepancies
Old Owner Suspense Report
Understanding the Suspense Report