Temporary Account

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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.
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All accounts were maintained by officers belonging to the various MI detachments, and funds were placed in temporary accounts and the details can be provided on a confidential basis.
Temporary Accounts, Finance: Birmingham, Manchester, Glasgow, London, Cardiff, Bristol IT/Computing, CAD designers, CRM: London, Midlands
Its claims processing and adjudication engine can be activated to process HIPAA transactions and create a temporary Accounts Payable listing that accurately reflects current submissions.
Of course, interim cash balances can be found at any date by adding the balances of the temporary accounts to the beginning cash balance.
We encourage you to experiment by creating subsidiary accounts or temporary accounts as allowed by your particular system.
Temporary accounts will be disabled and deleted after a period of time as assigned by the administrator.

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