Suspense Overview

A suspense account is an account that is used to temporarily store money until a decision is made about where the money will be allocated.  It identifies where the money came from and allows for the money to be used as payment to various polices.  

Suspense records are used to track and hold money in a suspense account.  A unique suspense number is generated with each suspense record for identification purposes.  Suspense records are written to the suspense account(s) for a company's general ledger.  These records temporarily hold money until an activity generates a process to disperse or apply the money.