Fund Accounting

Business, Legal & Accounting Glossary

Definition: Fund Accounting


Fund Accounting


Full Definition of Fund Accounting


A system of accounting used primarily by non-profit or government organizations. For these and other similar organizations, it is more important for them to keep a record of how their money was spent, rather than how it was earned, unlike corporations. Their accounting records take the form of a collection of funds, each fund having a distinct purpose, ranging from operating expenses to funding the various activities of the organization.


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March 28, 2024 https://payrollheaven.com/define/fund-accounting/.
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https://payrollheaven.com/define/fund-accounting/ (accessed: March 28, 2024).
American Psychological Association (APA):
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, from PayrollHeaven.com website: https://payrollheaven.com/define/fund-accounting/

Definition Sources


Definitions for Fund Accounting are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.