What is the tension?
The voltage account is a special designation within the accounting process, which is used as a temporary classification for payouts or income that requires further analysis before the permanent assignment in records. Accounts of this type use a useful function in that they are often used as a means of billing transactions that lack enough information to classify it correctly. The presence of the account allows time to examine the nature of each transaction and clarify all the problems that prevent the item from being disclosed in a suitable location in accounting books. Businesses of all sizes usually include a voltage account within their accounting system, making sure that cash transactions with some related problem are solved in time and must not be lost in the general accounting processes.
One of the usual uses of voltage is a place for temporary parking of dubious income. The revenue of this type can bear an accounting number T, which is invalid, making it difficult to disclose the revenue of the correct line item, such as the invoice.Confirmation with this type of problem will remain on the voltage account until the mismatch has been resolved and the item moves from the account and to the correct part of the records.
Some companies use voltages as a means of temporary payout, which must be charged back to the department, but where there is a difference in opinions on which department should absorb the cost of payment. While deciding how to charge a paycheck, the item remains on the account and is only deleted if it is decided which department or department absorb costs. In situations where it decides that the expenditure is related to the overall function of the company's general fund.
The idea of a tension account is also found in banking without branches or bb. For example, if the customer sends a payment by electronic transfer to the supplier's bank, the funds are placed on the voltage account until they are actually storedto the supplier's bank account. This allows the transaction to be properly counted in the continuous period. As a bonus for the admission bank, the transfer balance increases interest for a short time on the account.
In all its applications, the main voltage account function is to ensure that the accounting records are kept precisely and that no transaction is overlooked in the broadcast process. When there is a problem with a transaction or transaction, the account is in the process, the account acts as a temporary possession until the matter is fully resolved. Once the transaction is ready to complete, the item is transferred to the clamp and to the legitimate termination in the accounting records.