A suspense account is an account in the general ledger in which amounts are temporarily recorded. The suspense account is used because the proper account could not be determined at the time that the transaction was recorded. When the proper account is determined, the amount will be moved from the suspense account to the proper account.

In Oracle, suspense accounts are used to balance journals which are out of sync. The suspense account entries are automatically created by the system when we post a journal whose debit and credit balances are not equal. We can create suspense accounts for a particular combination of invoice source and category else system picks up the default suspense account from the set of book/Primary Ledger.

1. Define the Suspense account by specifying the Source and Category that applies to the suspense account you are creating.

2.  Enter a manual journal with a disparity between the debit and credit amount.
3. Post the journal and requery it.