This response offers little/no assistance with annual reconcilation vs monthly. 

Users posted they already know how to do standard reconciliation using QB.

QBD & QBO or any other version should offer option to complete an annual bank/cc reconciliation without ridiculous limitation of monthly.

In QBO cleared entire year of transaction on bank recs from completed month of March forward through December and crappy system acts as if out of balance for months and unable to move forward to next month. 

Ridiculously incoherent methods in all areas across all versions of QB, as if drunk drivers created these barely functional systems with bargain basement "features" at premium prices.

Also many users may be on QuickBooks online and advice is often offered for other versions.