accounting system

Thesaurus

Noun

1.

accounting system - a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accountsmethod of accounting, accountingaccount book, book of account, ledger, leger, book - a record in which commercial accounts are recorded; "they got a subpoena to examine our books"control account - an account that shows totals of amounts entered in a subsidiary ledgeraccounting entry, ledger entry, entry - a written record of a commercial transactioncredit side - account of payments received; usually the right side of a financial statementdebit side - account of payments owed; usually the left side of a financial statementaccrual basis - a method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or madecash basis - a method of accounting in which each item is entered as payments are received or madepooling of interest - an accounting method used in the merging of companies; the balance sheets are added together item by item; this method is tax-freeaudit, audited account - an inspection of the accounting procedures and records by a trained accountant or CPAlimited review, review - (accounting) a service (less exhaustive than an audit) that provides some assurance to interested parties as to the reliability of financial dataregister - a book in which names and transactions are listed