Accounting system

All possible synonyms of the word Accounting system as well as its hypernyms, hyponyms, antonyms, derivations, entailments, meronyms, pertainyms, domain members, similar words, verb groups, and so on...

Accounting, accounting system, method of accounting

Definition

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

Synonyms

  • accounting
  • accounting system
  • method of accounting

Hypernyms

  • register: a book in which names and transactions are listed

Member holonyms

  • ledger, leger, account book, book of account, book: a record in which commercial accounts are recorded; "they got a subpoena to examine our books"

Hyponyms

  • control account: an account that shows totals of amounts entered in a subsidiary ledger
  • entry, accounting entry, ledger 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
  • audited account, audit: an inspection of the accounting procedures and records by a trained accountant or CPA
  • review, limited review: (accounting) a service (less exhaustive than an audit) that provides some assurance to interested parties as to the reliability of financial data

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