Temporary Account

Temporary Account

An account whose balance is quickly reduced to zero after its creation by a company. For example, a company may create a temporary account for dividends after they are announced but before they are distributed. After distribution, the temporary account goes to zero. A temporary account is also called a nominal account.
Mentioned in ?
References in periodicals archive ?
The bill provides for the balance on a property sale price to be paid into a special temporary account, allowing the director of the land registry department to initiate the transfer procedure.
Pauly Rogers has refused to sign off on any of the city's subsequent audits, citing, among other issues, the city's failure to provide adequate documentation for a $67,000 temporary account that the city's accountant created during the fiscal year running from July 1, 2008, to June 30, 2009.
A bank employee will be responsible for transactions relating to this special, temporary account, and all questions and confirmation can be directed to them.
When a patient is scheduled in PHS, a temporary account number is created and sent via HL7 to our McKesson Series hospital information system (HIS) and HPF.
A user requiring access to a privileged or temporary account makes an online request to check out a username and password.
In case of an outstanding amount, the buyer can deposit it in a special temporary account managed by the land registry director.
That's because the city's external auditing firm has refused to sign off on Oakridge's financial statement for the fiscal year running from July 1, 2008, to June 30, 2009, until city officials satisfactorily explain a temporary account that the city's accountant created during that period.
At issue now in that audit is a $67,000 temporary account that the city's accountant created during that period, representatives of Pauly Rogers disclosed Thursday evening in a city work session.
An e-mail notification is sent to the recipient alerting them that there are files waiting, and it also includes a secure link and login credentials to the temporary account created by the GlobalSCAPE EFT Server.
The bill also would regulate the fees - typically $30 to $50 - that banks collect from customers to get the refund check directly from the IRS, open a temporary account and deposit the check and then reissue a check to the customer, minus the tax preparer's fee.
Insures Deposit Accounts against Temporary Account Holder Failure

Full browser ?