Define: Suspense Account

UK Accounting Glossary

Definition: Suspense Account


Quick Summary of Suspense Account


A temporary account with which funds are deposited before allocation to the correct place. For example, if there is too much money in one account, it will be transferred to a suspense account until its correct location is discovered.



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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/suspense-account/
Modern Language Association (MLA):
Suspense Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 17, 2019 https://payrollheaven.com/define/suspense-account/.
Chicago Manual of Style (CMS):
Suspense Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/suspense-account/ (accessed: September 17, 2019).
American Psychological Association (APA):
Suspense Account. PayrollHeaven.com. Retrieved September 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/suspense-account/

Definition Sources


Definitions for Suspense Account are sourced/syndicated from:


This glossary post was last updated: 28th December 2018.