accounting system


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Noun1.accounting system - a bookkeeper's chronological list of related debits and credits of a businessaccounting system - a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
account 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 ledger
accounting entry, ledger entry, entry - a written record of a commercial transaction
credit side - account of payments received; usually the right side of a financial statement
debit side - account of payments owed; usually the left side of a financial statement
accrual 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 made
cash basis - a method of accounting in which each item is entered as payments are received or made
pooling of interest - an accounting method used in the merging of companies; the balance sheets are added together item by item; this method is tax-free
audit, audited account - an inspection of the accounting procedures and records by a trained accountant or CPA
limited review, review - (accounting) a service (less exhaustive than an audit) that provides some assurance to interested parties as to the reliability of financial data
register - a book in which names and transactions are listed
References in periodicals archive ?
The accounting system of retail electricity market power (6, 10 kV) Construction, installation and commissioning works on the project: "accounting system.
Since publishing in the Official Gazette, the VAT cash accounting system was vehemently criticized," says Dobrinescu.
It compares two databases: a database from an actual market-leading accounting system and a database designed using the REA database design methodology.
The system will streamline the Army's current financial management portfolio, facilitating the replacement of at least 28 expensive, overlapping, and redundant financial and accounting systems including the Standard Finance System, Standard Operation & Maintenance Army Research & Development System, and the Defense Joint Accounting System.
This article explores the importance of accounting systems, the requirements of an "adequate" system, what a good system should do, and ways you can use your accounting system to improve the overall business health of your company.
A RELIABLE ACCOUNTING SYSTEM CAN provide a sharp-eyed CPA with a multitude of business insights about a client's staffing needs, compensation issues, redundant processes, marketing opportunities, e-commerce and process improvement.
accounting system he's proposing could be just around the corner.
The gEnergyOne[TM] web engine was configured specifically to process interval chilled water data and send invoice transaction data electronically to OUC's internal accounting system.
The Security Assistance Automated Resource Management System is a memorandum accounting system developed by DSCA.
From this background it should be clear that a world class foundry management accounting system focuses on cycle times and quality and measures cost as an effect of manufacturing excellence rather than as its cause, The foundry that operates such an accounting system will achieve a competitive advantage.
The accounting system is designed for data integrity and performance in client environments.

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