Nowadays “circular” economy becomes extremely relevant in conditions of ineffective ecoresources’ use and environmental instability. In modern scientific research it’s considered as one of the imperatives of environmental-economic accounting and sustainable development as a whole. Industrial waste recycling, in its’ turn, as a huge component of “circular” economy, makes some challenges to the current accounting system in the Republic of Belarus. The Belarusian enterprises do not reflect any information about waste recycling in their accounting (financial) statements. It causes the lack of information which describes economic and environmental effect of industrial waste recycling in enterprise’s economic activity. That’s why there is no doubt that there is no complex accounting system for industrial waste recycling, which would allow to show the natural resources flow and its influence on the environment. The purpose of this study is to identify the stages of industrial waste recycling, to identify accounting objects at these stages and to make industrial waste classification for accounting purposes. Among the methods used in the study can distinguish synthesis, analysis, comparison, logical generalization, inference by analogy, classification, grouping and so on.