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    BDRH76021's Avatar
    BDRH76021 Posts: 1, Reputation: 1
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    #1

    Dec 10, 2007, 08:30 AM
    Offset Accounts
    What is the purpose of an offset account in an accounting system?
    rsenn's Avatar
    rsenn Posts: 12, Reputation: 2
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    #2

    Dec 10, 2007, 02:36 PM
    Quote Originally Posted by BDRH76021
    What is the purpose of an offset account in an accounting system?
    Generally it is to record an allowance for estimated valuation differences or usage allowances.

    Examples would be allowance for doubtful accounts, accumulated depreciation, and allowances for market value losses in portfolios.
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