Suspense Account

Suspense account in the books of an organization in which items are entered temporarily before allocation to the correct or final account.

The suspense account is used because the proper account could not be determined at the time that the transaction was recorded.

A suspense account is normally located in the general ledger. Any amount that is posted to the suspense account should be there on a temporary basis only, as this amount needs to be investigated and posted to the correct account.
​
Most accounting systems contain a suspense in their chart of accounts, but this is something that you should avoid using unless there are no other options.