The difference that you find is the trial balance can be transferred to a suspense account secondly, if you have received a partial payment from a client. You can transfer the amount to a suspense account until you figure out which invoice has been cleared. You can quickly go back to the record and check which invoice matches the amount that has been transacted. Lastly, if you cannot see who has made a transaction, then move the amount to a suspense account.
Otherwise, a company is issuing financial statements that contain unidentified transactions, and which are therefore incorrect. A suspense account has a general ledger that you can use for the temporary recording of business transactions. The need for a suspense account arises when you are unable to identify the appropriate ledger account for the transactions which have been recorded. The amount of capital or transformation that is moved to the suspense account is for a brief period.
