Account title

An account title is the unique name assigned to an account in an accounting system. An account title is essential when the accounting staff needs to identify an account, since the title conveys the purpose of the account. The other unique identifier, the numeric account code, may incorporate some identification logic, but is much more difficult to associate with a specific account. Without an account title, the possibility of making an incorrect entry into the wrong account would be much higher.

Related Courses

Bookkeeper Education Bundle 
Bookkeeping Guidebook