Sounds boring but ignore at your peril otherwise you could be mightly embarrassed. Suspense accounts are a sort of cop out. If your book-keeper doesn't know what to do with the input then it could well end up in a 'temporary' suspense which means it's not reported properly. READ MORE

The UK accounting watchdog, the Financial Reporting Council, is all set to review the bookkeeping of the big banks following the crisis of 2007 - 2009. READ MORE