Account: Definition and additional resources from BNET
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BNET Business Dictionary

Business Definition for: Account

  • a business arrangement involving the exchange of money or credit in which payment is deferred, or a record maintained by a financial institution itemizing its dealings with a particular customer
  • a client of an advertising or PR agency
  • a structured record of transactions in monetary terms, kept as part of an accounting system. This may take the form of a simple list or that of entries on a credit and debit basis, maintained either manually or as a computer record.

Wiktionary Definition for: Account

  • A reckoning; computation; calculation; enumeration; a record of some reckoning; as, the Julian '''account''' of time.
  • Ex:*A beggarly '''account''' of empty boxes. - Shakespeare, ''Romeo and Juliet, V-i''
  • 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.
  • 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'''.
  • Ex:*A serious operation autopsy will be necessary before that can be done. But there are still four cartridges in the revolver. Two have been fired and two wounds inflicted, so that each bullet can be '''accounted''' for. - Doctor Watson in ''The Return of Sherlock Holmes''
  • A statement of facts or occurrences; recital of transactions; a relation or narrative; a report; a description; as, an '''account''' of a battle.
  • Ex:*A laudable '''account''' of the city of London. - Howell
  • A statement and explanation or vindication of one's conduct with reference to judgement thereon.
  • Ex:*Give an '''account''' of thy stewardship. - ''Luke 16:2''
  • An estimate or estimation; valuation; judgement.
  • Ex:*To stand high in your '''account''' - Shakespeare, ''Merchant of Venice, III-ii''
  • Importance; worth; value; advantage; profit.
  • Ex:*Men of '''account''' - Pope
  • Ex:*To turn to '''account''' - Shakespeare
  • A subscription to a service.
  • cattag transitive obsolete To reckon; to compute; to count.
  • Ex:''The motion of... the sun whereby years are '''accounted'''.'' - Sir T. Browne
  • cattag transitive rare To place to one's account; to put to the credit of; to assign; -- with '''to'''. - Clarendon
  • transitive To value, estimate, or hold in opinion; to judge or consider; to deem.
  • Ex:*'''Accounting''' that God was able to raise him up. - ''Hebrews, 11:19''
  • cattag transitive obsolete To recount; to relate. - Chaucer
  • intransitive To render or receive an account or relation of particulars; as, an officer must '''account''' with or to the treasurer for money received.
  • intransitive To render an account; to answer in judgement; -- with '''for'''; as, we must '''account''' for the use of our opportunities.
  • intransitive To give a satisfactory reason; to tell the cause of; to explain; -- with '''for'''; as, idleness '''accounts''' for poverty.
  • A loanword from English that means a subscription to an electronic service.

Additional Resources

Assignment Of Savings Account
A savings account is a balance of funds maintained with a depository institution in order to accumulate money. Transfer and assign a savings account in a bank with this Assignment of Savings Account form. In this template, the party who has set up the savings account the assignor assigns and...
Tags: Savings, FreeBusinessForms.com, Financial Services
Tools & templates 2007-12-01
Account Management - How To Manage Accounts To Maximize Sales
This paper answers the three questions. What is account management? What skills and talents are required to excel in account management? And what activities must be performed to maximize Account Management return on investment? Account management is actually a synonym for account penetration. Just because you have sold one product...
Tags: Account Management, Sales Channel, Sales Force Management, Sales
White papers 2006-01-07
Key Account Management: Marketing And Sales Excellence
In sales parlance, account refers to a client being managed by a sales agency. Account management involves active interactions with the customers with a view to analyze their changing tastes and preferences. The responsibilities of a key account manager include initiation of the account, setting objectives, and planning strategy. The...
Tags: Sales, Sales Channel, Sales Force Management, Sales Strategy, Account Management, Marketing
Presentations 2003-01-01
Metric-Based Account Management
Metrics are the specific checkpoints within an account rating system that "drive" account servicing strategy and tactics. This article discusses the formula of metric based account management leading to success and measures necessary in achieving the daily key account servicing challenges. It focuses on the importance of Account Rating System.
Tags: Account Management, Sales Channel, Sales Force Management, Sales
White papers 2005-05-03
Account Management: Art Or Science?
From the executive summary: ‘In many companies, the science of account management is neither well understood nor systematically applied. In high-performing companies, on the other hand, the science of account management is the centerpiece of the sales process. The science of account management has four key elements viz. profitability management,...
Tags: Account Management, Sales Channel, Sales Force Management, Sales
White papers 2004-08-02
Called to Account
Research in major international organizations has shown that although enthusiasm for account planning can be high few account plans are carried through into the workplace. It is not unusual for the blame to be placed at the feet of the account manager. But the culprit may not be the practitioners...
Tags: Process, Sales Channel, Sales Force Management, Recruitment & Selection, Sales, Human Resources, Workforce Management
White papers 2004-11-01
Territory Management
In sales parlance, an account is the ongoing sales process between the seller and the prospective buyer. A number of factors and issues are involved in effective account management. The account manager is entrusted with the task of overseeing an account. He/she is responsible for relationship management and other aforesaid...
Tags: Account Management, Account Manager, Sales Force Management, Sales Channel, Sales Strategy, Sales
Presentations 2003-01-01
Thinking About Sales: The Impenetrable Account
A company usually finds it difficult to make an impact on an account, originally belonging to its competitor. Companies must try to portray a positive picture in order to avoid an account from slipping out of hands. Researches indicate that companies face lot of difficulty while dealing with a high-potential...
Tags: Sales Force Management, Sales Strategy, Sales, Account
White papers 2003-01-01
Strategic Implications of a Competence-Based Management Approach to Account Management
Account management has a rich tradition starting in the early 1960's. At the same time, the concept is still ill defined and under-researched. Consequently, some basic research questions remain unanswered. This paper takes a new perspective and examines account management from a strategic competence-based point of view. It studies the...
Tags: Account Management, Competence, Sales Channel, Sales Force Management, Sales
White papers 2005-07-18
JPMorgan Builds Strategic Platform for Managed Account Business
NEW YORK -- JPMorgan Investor Services announced today it is expanding its full-service outsourcing for managed account administration team with the appointment of Steve Boyle as Director of Managed Account Operations and Brett Rainey as Vice President of Managed Account Operations.
Tags: J.P. Morgan Chase & Co.
Research articles 2004-12-15
Developing Account Strategies
In sales parlance, an account refers to the sale, which was made in the past to the buyer and the contacts developed thereof. Effective account management entails developing strong relationships with clients. This helps in building customer loyalty with time. The paper examines principles and processes used to develop effective...
Tags: Strategy, Account Management, Sales Force Management, Sales Channel, Sales Strategy, Sales
White papers 2003-01-01
Unpicking the Meaning of Value in Key Account Management
This conceptual paper explores the meaning of value within the context of Key Account Management KAM. It briefly presents the emergence of Key Account Programs, identifying that they have not traditionally been linked to the notion of value. We go on to present value as it is currently explored in...
Tags: Sales Force Management, Marketing, Sales, Sales Channel, Marketing Research, Perspective, Account Management
White papers 2005-02-01
Should Senior Managers Be Actively Involved in Sales Account Management?
This article discusses whether senior managers should become actively involved in sales account planning and management. The article argues that senior management have a lead role to play in effective account management, not just in conducting sales account reviews, but also in playing an active part within the key account...
Tags: Sales, Sales Force Management, Sales Strategy, Senior Manager, Article
White papers 2004-11-01
10-Day Notice Before Collections On Delinquent Account
This template can be used to give notice before collection of delinquent account. When a payment is not received by close of business in the Student Accounts Office by the designated due date, the account is considered delinquent. An account that becomes delinquent is subject to a monthly penalty fee...
Tags: Finance, Operational Accounting, Account
Tools & templates 2007-12-01
Who Is the Beneficiary of Your Account?
Has one checked one's beneficiary designation for his retirement account recently? If not, one may find that the designated beneficiary is not who or what one think it should be, especially if one has divorced, remarried or had children since one's retirement plan account was established. If a long time...
Tags: Beneficiary, Investopedia
White papers 2003-03-18
Overdue Account File
Use this template to help manage your collection efforts. For each overdue account, the address, employer, guarantor, current account status, and collection history are listed. There are no formulas in this template, so it can be used quite effectively on paper.
Tags: Template
Tools & templates 2007-09-01
Request Bank To Close Account
Use this template for the request to the bank to close the account, providing with all the account details such as name, account no. etc.
Tags: Account, Bank, LetterPremier.com, Financial Services
Tools & templates 2008-01-01
Take Steps to Protect Your Checking Account Information, NACHA Advises
In this paper the Electronic Payments Association has compiled a list of steps consumers can take to help prevent unauthorized payments from their checking accounts: Safeguard the checking account information, just as it would any other sensitive personal information. Never give the checking account information to telemarketers or to callers...
Tags: Finance, Operational Accounting, NACHA, Information, Payment
White papers 2004-06-18
Gateway - account in-house - Brief Article
Gateway moved its est. $250 million account in-house. The move comes after Fallon broke off talks with the client, in part because Gateway intended to handle at least some of the account in-house.
Tags: Gateway Inc.
Research articles 2001-03-05
People.(The Week)(Horizon Media Inc. appoints Dennis Camlek)(Dennis Publishing USA appoints Hugh Jamieson)(World Wrestling Entertainment Inc. appoints Shawn Blake )(Brief article)
Ann Sovie to account supervisor, Seidler Bernstein, Cambridge, Mass., from account manager. She will oversee all aspects of the Bayer HealthCare Diagnostics account. Ann Sovie to account supervisor, Seidler Bernstein, Cambridge, Mass., from account manager. She will oversee all aspects of the Bayer ...
Research articles 2006-05-08
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