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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Modern Language Association (MLA):
Suspense Account. Payroll & Accounting Heaven Ltd. November 12, 2019
Chicago Manual of Style (CMS):
Suspense Account. Payroll & Accounting Heaven Ltd. (accessed: November 12, 2019).
American Psychological Association (APA):
Suspense Account. Retrieved November 12, 2019, from website:

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