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: Marketing, Account Management, Derby Management, Sales Strategy, Sales Force Management, Sales Channel, Sales
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
The Bush economy: TIE sat down with Richard Clarida, the Bush Treasury's former point man for economic policy, for some frank talk on deficits, rate spreads, and inflation risks. Here's how he answered our questions
How Big a Risk Is the U.S. Current Account Deficit? The U.S. current account deficit is substantial, both in size and as a share of GDP. There's no single cause of the current account deficit. We sometimes talk about a "capital account" theory of the current account compared with...
Tags: adjustment, Federal Reserve Board, FINANCE, inflation, investment, U.S.
Research articles 2007-01-01
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, Xmonic, 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, Seattle University, 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: Account, Alliant Solutions, Sales Strategy, Sales Force Management, Sales
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, Dave Kahle, Sales Force Management, Sales Channel, Sales Strategy, Sales
White papers 2003-01-01
Funds go to work for you in a central asset account
Non-bank service directs cash to best use CARA JEPSEN Last year, Barretts Inc. President Joseph Barrett decided to open a central asset account - after 30 years of depositing his money in traditional banks. He opted for New York-based Merrill Lynch & Co.'s Capital ...
Tags: asset, bank, Merrill Lynch & Co. Inc.
Research articles 1998-05-11
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: Account Management, Perspective, University Of Bath, Marketing Research, Sales Channel, Sales Force Management, Marketing, Sales
White papers 2005-02-01
VI. Causes of the recent widening of OECD current account imbalances
Introduction OECD current account imbalances have recently widened raising concerns about sustainability and protectionism Over the past two years a number of countries in South East Asia have experienced massive switch's in current account positions, world trade growth has slowed substantially and current account...
Tags: imbalance, Japan, OECD, surplus, U.S.
Research articles 1999-06-01
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: Senior Manager, Xmonic, Sales Strategy, Sales Force Management, Sales
White papers 2004-11-01
For the Record.(Brief Article)
AT&T consolidates consumer account at Y&R AT&T Corp.'s consumer advertising account is being consolidated at WPP Group's Y&R Advertising, New York. The company's consumer business had been split between Y&R and Interpublic Group of Cos.' Foote, Cone & Belding Worldwide, New York. FCB...
Tags: advertisement, American Airlines, AT&T Corp., brand, Branding, Diageo Plc., MARKETING, Sears Roebuck & Co., United
Research articles 2001-10-29
Merrill Lynch launches first in the nation IOTA product.
Spring 2004 marked the availability of the first IOTA account product from a brokerage firm. The Merrill Lynch Working Capital Management Account for IOTA is available throughout Florida and offers standard bank checking account services and automatic overnight investment of available account balances in a Merrill...
Tags: board, director, Florida, Merrill Lynch & Co. Inc.
Research articles 2004-11-15
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: Account, Operational Accounting, Finance
Tools & templates 2007-12-01
High interest account added to Manulife one
Manulife Bank of Canada's flexible mortgage account, Manulife one, is offering account holders a premium interest rate on positive balances.
Tags: Bank of Canada, FINANCE, Mortgages
Research articles 2002-03-01
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