Suspense Account Processing

Suspense account entries are generated by the General Ledger Post Program.  A suspense account entry is created for each journal transaction from the Valid Transaction File that did not match to an active account/center during posting.  A mismatch can occur only if normal system processing is circumvented and an account record is deleted or deactivated after the journal transaction for the account is entered.

The account is identified by an account type code of 6, and its account number should be all nines.  Journals should be processed at period-end and year-end, to zero out the suspense account balance and apply the transaction amounts to their proper accounts.

Related

• Management Reporting