If your QuickBooks bank reconciliation screen indicates a "0" variance, what should you do next?

A "0" variance on the QuickBooks bank reconciliation screen indicates that your records match the bank statement perfectly. This implies that all transactions have been accurately entered and reconciled against the bank's records for that period. When you achieve a zero variance, it signifies a successful reconciliation, and therefore, no further action is necessary for that specific reconciliation process.

In practice, it means that you can confidently move forward without the need for corrections or adjustments, allowing you to maintain an accurate financial picture. This is important because it provides assurance that both your accounting practices and the bank's records are aligned, which enhances the integrity of financial reporting.