What are Suspense Accounts: Definition and Examples

This account is used to park funds or transactions that cannot immediately be classified into the correct accounting category due to incomplete information or uncertainty. Suspense accounts are vital but can complicate reconciliation, which is crucial for maintaining...

What Is QuickBooks Used For?

The best QuickBooks product depends on your needs and the size of your business. SMBs needing remote access to their account files should choose QuickBooks Online. If you want the speed and usability of desktop software, then QuickBooks Desktop is preferable. If you...