A control account is used in bookkeeping and accounting to efficiently consolidate balances for summary and reporting purposes. They are a core accounting tool that aids ledger integrity and financial ...

The control account is independent of the double-entry accounting system. The control account serves only to verify the entry of transactions to the subsidiary ledgers, hence the name control account.

Successfully managing an engineering control systems company requires an organized accounting system. The various types of accounts that are in an accounting system can seem overwhelming at first ...