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control account

Syllabification: con·trol ac·count

Definition of control account in English:

noun

An account used to record the balances on a number of subsidiary accounts and to provide a cross-check on them.
Example sentences
  • The earned value literature suggests that another purpose of an MR budget is motivational: to create a ‘budget challenge’ for control account managers.
  • As a motivation tool, an MR budget creates incentives for control account managers and others to operate more efficiently.
  • Unreconciled difference on debtors control account amounted to R354-million.

Definition of control account in:

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