Gross ecosystem product (GEP) is the gross value of all ecosystem products and services provided by ecosystems for human society. In practice, GEP measures the ecosystems' contributions to human well-being and constitutes one of the core issues in the construction of ecological civilization systems. Currently, GEP accounting faces a series of problems, such as the inconsistency of accounting subjects and a lack of accounting standards, the result of which is the non-reproducibility and weak applicability of accounting results. In this paper, mainstream models for ecosystem service valuation are summarized in a systematic manner. On this basis, eight basic principles are established for screening accounting indicators: biological productivity, human benefits, production territoriality, current increment, actual effectiveness, physical metrizability, data availability, and harmlessness. Next, a series of ecosystem service subjects are identified that need to be excluded from accounting, and the detailed reasons for their exclusion are presented. Finally, three ideas for improving GEP accounting are offered from the perspectives of the relationship between biological production and human production, the circulation-transport relationship and spatial differences, and harms to the ecosystem carrying capacity. The purpose is to provide positive considerations aimed at promoting the socio-economic applications of accounting and to contribute to the scientific quantification of the values of ecological products.