The business process of recording financial information which is used for reporting and analysis.
Law Dictionary – Alternative Legal Definition
The making up and rendition of an account, either voluntarily or by order of a court. Buxton v. Edwards, 134 Mass. 567, 578. May include payment of the amount due. Pyatt v. Pyatt, 46 N. J. Eq. 285, 18 Atl. 1048.