A Suspense Account in QuickBooks is a temporary holding account for transactions with missing or unclear details. It helps you maintain balanced books while resolving discrepancies.

Why use it?

• 
  

  Prevents accounting errors

  
  


• 
  

  Aids in smooth reconciliation

  
  


• 
  

  Tracks unidentified transactions

  
  

Steps to manage:

1. 
   

   Review transactions

   
   


2. 
   

   Identify correct accounts

   
   


3. 
   

   Reclassify properly

   
   

Need help? Call 1.866.409.5111 for expert QuickBooks assistance today!

Pro Tip: Always clear suspense accounts before month-end closing.