It looks like you’re visiting from , but your browser language is set to . We recommend changing your browser & operating system languages to for the best browsing experience. It’s important to note that the choice of abbreviation may vary depending on the organization or industry. Some organizations may mm means millions use “M” while others prefer “MM.” The most common abbreviation in business settings is “MM” [2]. We also have a million to thousand converter, which can surely come in handy for millions conversions. Regardless of why you are trying to abbreviate the word “million,” you have come to the right place.
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I generally use $___MM, which was, and still is, often used by accountants and economists. Before “K” was adopted as the colloquial way of writing a thousand (i.e. $35k to mean $35,000), it was common to use “M” instead; “M” being the Roman Numeral for 1,000. As a result, “M” simply became shorthand for adding three zeros and thus “MM” became the shorthand for adding six zeros. “MM” is an old-fashioned abbreviation, but it still sees some usage today.
What is the appropriate abbreviation for million: M or MM?
Prior to accepting a position as the Director of Operations Strategy at DJO Global, Manu was a management consultant with McKinsey & Company in Houston. He served clients, including presenting directly to C-level executives, in digital, strategy, M&A, and operations projects.
What Does ‘MM’ Mean in Accounting?
It’s also common to see K used for 1,000 and B for a billion. To avoid confusion, use any and all abbreviations consistently throughout all your financial records. You can see it on ancient French and British ledgers from the 18th and 19th centuries where “M₤” represents £1000 and “MM₤” is £1million. So the convention of using M for thousands and MM for millions originated in Roman numeral-based accounting. Territory includes Washington, Oregon, Montana, Idaho, Hawaii, Alaska, California, and Utah.
You might not put a lot of thought into your abbreviations, and that’s okay. However, there are official abbreviations out there that you might come across, and it would help to know about them. We’ll explain the correct abbreviation for “million” in this article. Outside of finance and accounting, it is common to find the value of a thousand abbreviated as (K), the value of a million abbreviated as (M), and the value of a billion abbreviated as (B).
- It’s then up to the reader to note the context, with the document stating the place value once at the beginning and not again.
- Later on, the rise of typewriters and early digital spreadsheets continued this practice of using M and MM abbreviations.
- “M” is the most common abbreviation for “million.” If you’re going to abbreviate “million,” it would usually turn into this form.
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Can I convert any number to a million?
- The word “million” is most often used in reference to money, but is also frequently used in exaggeration.
- After analyzing its history and modern use, I have a new appreciation for how deeply rooted MM is within finance culture, likely to endure for the foreseeable future.
- Typically, we think of a million being abbreviated as (M).
- In internet record keeping, for instance, CPM is the cost per thousand impressions of an internet ad.
- The barred M was necessary because the Romans didn’t use zero, and they didn’t like using more than three identical letters in a row.
Abbreviating one million dollars is done using the above abbreviations. Generally, the abbreviation with two M’s is preferred in finance. As stated above, MM is generally used in business to represent https://www.bookstime.com/articles/how-to-calculate-shares-outstanding millions since the letter M by itself has historically meant 1,000. That said, if your organization uses M and it doesn’t cause confusion, you are free to use M to abbreviate one million.
