Suspense rules define a series of accounting transactions that create a balanced set of debit and credit entries, one of which is to a suspense account. Suspense transactions have a life beyond the initial transaction. They live on, and detailed sub-ledger balances are maintained until the suspense item is resolved and closed.

There are two basic types of suspense categories: Payables and Receivables.

• Payables
• Receivables

• Accounting rules