Definitions for accounting system
ac·count·ing sys·tem

Princeton's WordNetRate this definition:0.0 / 0 votes

1. accounting, accounting system, method of accountingnoun

   a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts

WikipediaRate this definition:0.0 / 0 votes

1. accounting system

   Accounting software is a computer program that maintains account books on computers, including recording transactions and account balances. It may depends on virtual thinking. Depending on the purpose, the software can manage budgets, perform accounting tasks for multiple currencies, perform payroll and customer relationship management, and prepare financial reporting. The first accounting software was introduced in 1978. Since then, the accounting software has revolutionized from supporting basic accounting operations to performing real-time accounting and supporting financial processing and reporting. Cloud accounting software was first introduced in 2011, and it allowed to perform all accounting functions through the internet.

ChatGPTRate this definition:0.0 / 0 votes

1. accounting system

   An accounting system is a systematic process of recording, organizing, and analyzing a business's financial transactions to ensure complete tracking of all income and expenses. It involves various functions such as bookkeeping, invoicing, payroll processing, tax calculation, and financial reporting. These systems can be manual or computer-based, providing accurate and updated financial information essential for business decision-making. They also help in regulatory compliance by maintaining proper financial records.

Editors ContributionRate this definition:0.0 / 0 votes

1. accounting system

   An easy, effective, efficient, fair, just and simple system for accounting for an organization, social enterprise and all forms of unity assembly, unity council, unity legislature, unity senate, unity house of representatives, unity parliament, unity government, regional unity government, national unity government, european unity government and international unity government

   The unity government accounting system is easy, effective and simple

   
   

   Submitted by MaryC on February 8, 2021  

Matched Categories

1. • Register

How to pronounce accounting system?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say accounting system in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of accounting system in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of accounting system in Pythagorean Numerology is: 1

Examples of accounting system in a Sentence

1. Mike Young:

   Everybody has a percentage share of whatever is available and that goes up and down, have boards that make decisions in the interest of everybody, and everybody has an incentive to make the system work. State Water Board makes the final decision, and the profits are allocated to shareholders... You run a water accounting system that looks like your bank account.

2. Laksheish M Patel:

   The ways how SBICAP broker makes clients to loss money 1) Trading platform is clamp down during market fall 2) No command is accepted by trading platform when market swings and at closing session 3) Whole screen or transaction page of trading platform gets whitewashed especially during sudden surge or downfall 4) Accounting system is ambiguous and tricky 5) Automated reply to each complaints and not resolving. No real customer service

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=accounting system
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Accounting_System
3. ^ ChatGPT
   https://chat.openai.com