# Temporary account

> Temporary account — An account that measures one period only — revenue, expense, gain, loss, dividends declared — and is closed to retained earnings at year end.

Source: https://lopifi.com/glossary/temporary-account
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is temporary account?** In accounting, temporary account means an account that measures one period only — revenue, expense, gain, loss, dividends declared — and is closed to retained earnings at year end.

## Also known as

- Nominal account

## Words this system refuses for it

- P&L category

- **Category:** Close
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** retained-earnings, account, expense, revenue, period