Glossary/Suspense account

Suspense account

A suspense account temporarily holds transactions until they can be classified to the correct GL account.

Risk

Aging suspense balances are an audit red flag — close teams monitor them weekly.

How FinanceAI handles this

Reconciliation and Close agents flag aging suspense during period-end scans.

Questions

Target aging?

Policies vary — 30 days is a common investigation trigger.

Run it on your own document

Upload a dummy bank statement, KYC pack, or trial balance. Agents read it, apply policy checks, and show each step before a human would approve.