What is a Suspense Account in QuickBooks?

Do you know what is a Suspense Account in QuickBooks? A Quickbooks suspense account that temporarily holds entries while you decide how you will classify them. A suspense account in Quickbooks also holds information.

Suspense Account in QuickBooks is a holding account. It Depending on the transaction in question, a suspense account can be an asset or liability. A Quickbooks suspense account can be used to record temporary or permanent entries.