A DBA can be highly beneficial for business marketing, but setting up bank accounts in the name of a DBA rather than in the legal name of the individual or entity that owns the business can be complex and require documentation proving that you have a right to use the business name.
Most businesses use double entry accounting, a system in which every financial event causes two transactions, a debit in one account and an equal offsetting credit in another account. When a company establishes an accounting system, it must choose to use either a single entry system or a double entry system.
Here are all the possible meanings and translations of the word Accounting. Princeton's WordNet(1.00 / 1 vote)Rate this definition: accounting(noun) a convincing explanation that reveals basic causes. he was unable to give a clear accounting for his actions.