Definitions for "ACCOUNTING SYSTEM"
The total structure of records and procedures which discover, record, classify, and report information on the financial position and operations of a governmental unit or any of its funds, balanced account groups, and organizational components.
A set of records and procedures designed to handle in routine fashion the transactions and other events which affect financial statements.
The organization of financial information that tracks and summarizes the business and financial operations of the company in a meaningful format needed as input for decision makers like the shareholders, lenders, investors and management. It possesses a set methodological and procedural operating framework.
a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
a money allocation system that causes people to do work today in reliance on a future reward
an integral component of the overall billing process, and should include processes to document and provide receipts for offenders' payments
an Accounting, Inventory and Invoicing system best for small to middle organisation
a significant investment for your organization
a means of grouping information according to common balance sheet and income statement classifications that are useful in tracking business progress