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Account vs. Accounting — What's the Difference?

Account vs. Accounting — What's the Difference?

Difference Between Account and Accounting

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Account

A narrative or record of events.

Accounting

Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators.

Account

A reason given for a particular action or event
What is the account for this loss?.

Accounting

The practice or profession of maintaining the financial records of a business, including bookkeeping as well as the preparation of statements concerning the assets, liabilities, and operating results.

Account

A report relating to one's conduct
Gave a satisfactory account of herself.
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Accounting

Present participle of account

Account

A basis or ground
No reason to worry on that account.

Accounting

(business) The development and use of a system for recording and analyzing the financial transactions and financial status of an individual or a business.

Account

A formal banking, brokerage, or business relationship established to provide for regular services, dealings, and other financial transactions.

Accounting

A relaying of events; justification of actions.
He was required to give a thorough accounting of his time.

Account

A precise list or enumeration of financial transactions.

Accounting

(law) An equitable remedy requiring wrongfully obtained profits to be distributed to those who deserve them.

Account

A sum of money deposited for checking, savings, or brokerage use.

Accounting

A convincing explanation that reveals basic causes;
He was unable to give a clear accounting for his actions

Account

A customer having a business or credit relationship with a firm
Salespeople visiting their accounts.

Accounting

A system that provides quantitative information about finances

Account

A private access to a computer system or online service, usually requiring a password to enter.

Accounting

The occupation of maintaining and auditing records and preparing financial reports for a business

Account

Worth, standing, or importance
A landowner of some account.

Accounting

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

Account

Profit or advantage
Turned her writing skills to good account.

Accounting

A statement of recent transactions and the resulting balance;
They send me an accounting every month

Account

To consider as being; deem. See Usage Note at as1.

Account

(accounting) A registry of pecuniary transactions; a written or printed statement of business dealings or debts and credits, and also of other things subjected to a reckoning or review.

Account

(banking) A bank account.

Account

A statement in general of reasons, causes, grounds, etc., explanatory of some event; a reason of an action to be done.
No satisfactory account has been given of these phenomena.

Account

A reason, grounds, consideration, motive; a person's sake.
Don't trouble yourself on my account.
On no account
On every account
On all accounts

Account

A record of events; a relation or narrative.
An account of a battle.

Account

An estimate or estimation; valuation; judgment.

Account

Importance; worth; value; esteem; judgement.

Account

Authorization as a specific registered user in accessing a system.
I've opened an account with Wikipedia so that I can contribute and partake in the project.

Account

(archaic) A reckoning; computation; calculation; enumeration; a record of some reckoning.

Account

(uncountable) Profit; advantage.
The young man soon turned his woodworking skills to some account.

Account

To provide explanation.

Account

To present an account of; to answer for, to justify.

Account

To give an account of financial transactions, money received etc.

Account

(transitive) To estimate, consider (something to be as described).

Account

(intransitive) To consider that.

Account

(intransitive) To give a satisfactory evaluation for financial transactions, money received etc.
An officer must account with or to the treasurer for money received.

Account

(intransitive) To give a satisfactory evaluation for (one's actions, behaviour etc.); to answer for.
We must account for the use of our opportunities.

Account

(intransitive) To give a satisfactory reason for; to explain.
Idleness accounts for poverty.

Account

(intransitive) To establish the location for someone.
After the crash, not all passengers were accounted for.

Account

(intransitive) To cause the death, capture, or destruction of someone or something (+ for).

Account

To count.

Account

To calculate, work out (especially with periods of time).

Account

(obsolete) To count (up), enumerate.

Account

(obsolete) To recount, relate (a narrative etc.).

Account

A reckoning; computation; calculation; enumeration; a record of some reckoning; as, the Julian account of time.
A beggarly account of empty boxes.

Account

A registry of pecuniary transactions; a written or printed statement of business dealings or debts and credits, and also of other things subjected to a reckoning or review; as, to keep one's account at the bank.

Account

A statement in general of reasons, causes, grounds, etc., explanatory of some event; as, no satisfactory account has been given of these phenomena. Hence, the word is often used simply for reason, ground, consideration, motive, etc.; as, on no account, on every account, on all accounts.

Account

A statement of facts or occurrences; recital of transactions; a relation or narrative; a report; a description; as, an account of a battle.

Account

A statement and explanation or vindication of one's conduct with reference to judgment thereon.
Give an account of thy stewardship.

Account

An estimate or estimation; valuation; judgment.

Account

Importance; worth; value; advantage; profit.
This other part . . . makes account to find no slender arguments for this assertion out of those very scriptures which are commonly urged against it.

Account

To reckon; to compute; to count.
The motion of . . . the sun whereby years are accounted.

Account

To place to one's account; to put to the credit of; to assign; - with to.

Account

To value, estimate, or hold in opinion; to judge or consider; to deem.
Accounting that God was able to raise him up.

Account

To recount; to relate.

Account

To render or receive an account or relation of particulars; as, an officer must account with or to the treasurer for money received.

Account

To render an account; to answer in judgment; - with for; as, we must account for the use of our opportunities.

Account

To give a satisfactory reason; to tell the cause of; to explain; - with for; as, idleness accounts for poverty.
Newer was preaching more accounted of than in the sixteenth century.

Account

A formal contractual relationship established to provide for regular banking or brokerage or business services;
He asked to see the executive who handled his account

Account

The act of informing by verbal report;
He heard reports that they were causing trouble
By all accounts they were a happy couple

Account

A record or narrative description of past events;
A history of France
He gave an inaccurate account of the plot to kill the president
The story of exposure to lead

Account

A short account of the news;
The report of his speech
The story was on the 11 o'clock news
The account of his speech that was given on the evening news made the governor furious

Account

A statement of recent transactions and the resulting balance;
They send me an accounting every month

Account

A statement that makes something comprehensible by describing the relevant structure or operation or circumstances etc.;
The explanation was very simple
I expected a brief account

Account

An itemized statement of money owed for goods shipped or services rendered;
He paid his bill and left
Send me an account of what I owe

Account

Grounds;
Don't do it on my account
The paper was rejected on account of its length
He tried to blame the victim but his success on that score was doubtful

Account

Importance or value;
A person of considerable account
He predicted that although it is of small account now it will rapidly increase in importance

Account

The quality of taking advantage;
She turned her writing skills to good account

Account

Be the sole or primary factor in the existence, acquisition, supply, or disposal of something;
Passing grades account for half of the grades given in this exam

Account

Keep an account of

Account

To give an account or representation of in words;
Discreet Italian police described it in a manner typically continental

Account

Furnish a justifying analysis or explanation;
I can't account for the missing money

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