accounting system
noun
ACCOUNTING ukus [ C ]
a particular way in which a company or organization records and reports its financial information:
Your accounting system needs to be designed to track costs and monitor all company transactions.
[ S ]
the set of principles and methods used by organizations for recording and reporting financial information:
The financial accounting system was historically well established before the concept of cost accounts was introduced.
[ C ]
a computer program or set of computer equipment and software that is used for keeping accounts:
Management circumvented the company's internal accounting controls by overriding the company's computerized accounting system.
You can purchase accounting system software for as little as $100.