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A suspense account is a temporary holding place for payments or transactions when the accounts receivable team can’t immediately determine the correct account to apply them to. Once AR professionals have identified where these payments belong, they must move these amounts to their proper accounts. An effective cash application process helps reduce the manual work required to handle suspense accounts.

Check out this guide: The Cash Application Advantage

Veelgestelde vragen

Ontdek wat Billtrust voor je kan doen

Verminder handmatig werk, krijg sneller betaald en lever superieure klantervaringen met het uniforme accounts receivable-platform van Billtrust.