accounting

noun

ac·​count·​ing ə-ˈkau̇n-tiŋ 

1

: the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results

also : the principles and procedures of this system

studied accounting as a freshman

2

a

: work done in accounting or by accountants

b

: an instance of applied accounting or of the settling or presenting of accounts

3

: account sense 2

They were required to provide a detailed accounting of their actions.

Synonyms of accounting

• explanation
• reason

Examples of accounting in a Sentence

what accounting can you give for your bizarre actions on the night in question?

Recent Examples on the Web

Nevertheless, the lawsuit said Bayfront Park Management Trust lacked a proper accounting system and didn’t have requirements for expenses to be supported by a contract or invoice policy, nor a policy or procedure to ensure vendors were selected through a competitive bidding process. —Tess Riski may 7, Miami Herald, 7 May 2026

Hate crimes are historically underreported, making accurate accounting difficult, and federal data often has long delays. —Eduardo Cuevas, USA Today, 6 May 2026

However, StyleCaster may receive a commission on orders placed through its retail links, and the retailer may receive certain auditable data for accounting purposes. —Katie Decker-Jacoby, StyleCaster, 6 May 2026

Mioska has over 20 years of accounting, audit, and financial reporting experience. —Sheryl Estrada, Fortune, 6 May 2026

Word History

Etymology

Middle English acountynge "reckoning, calculation," from gerund of accounten "to account entry 2"

First Known Use

1703, in the meaning defined at sense 1

Phrases Containing accounting

• cost accounting
• there's no accounting for taste

Rhymes for accounting

• amounting
• discounting
• dismounting
• recounting
• surmounting
• counting
• mounting

Kids Definition

accounting

noun

ac·​count·​ing ə-ˈkau̇nt-iŋ 

1

: the system or practice of recording the amounts of money made and spent by a person or business

2

: a statement explaining one's conduct : account sense 5a

Legal Definition

accounting

noun

ac·​count·​ing

1

: an often court-ordered presentment or examination of accounts

a complete accounting would be necessary to determine the nature of the expenditures

—Case & Comment

2

: the settlement by judicial action of the assets of a partnership (as upon dissolution)