Accounting Glossary
What Is a Suspense Account? How to Clear a Mystery Balance Before It Throws Off Your Accounts
When the trial balance will not balance, a suspense account keeps the books moving — but only if it is cleared quickly. This guide explains what suspense accounts are, why mystery balances appear, and walks through two real worked examples showing exactly how to trace and resolve them before they distort your reports or raise flags with HMRC.
