0 Replies Latest reply on Nov 5, 2012 12:17 PM by user11974398

    Suspense Account Type Expense or Liability

    user11974398
      Hello,

      We are defining an suspense account and unsure whether the account type should be expense or liability.

      All the hits I have been getting says it can be either or, but would like to know the implication of setting it up as Expense over a Liabillity. I am just looking for a clear answer and why it should be Expense over Liablility and visa versa.

      In the past with other companies it is defined as an Expense type.

      Can anyone assist?

      Many Thanks