Ecosystem products value accounting is a key path to implement the concept of "Lucid waters and lush mountains are invaluable assets" and is an important basic work to promote the realization of ecosystem products value. In recent years, scholars and research institutions have conducted a lot of research on the basic theory, technical methods, and application of ecosystem products value accounting, ecosystem products value accounting has gradually become a hot spot and a difficult point in ecological economics research. In order to systematically sort out the research progress of ecosystem products value accounting in China and identify the problems and shortcomings in the process of accounting, this research adopts the methods of literature analysis and systematic generalization to summarize the development history of ecosystem products value accounting, interpret the deployment arrangements of national work and the progress of local practice, and identify the problems of ecosystem products value accounting in terms of accounting scope and technical methods. The study finds that the value of ecosystem products is commonly equated with the value of gross ecosystem product (GEP) and ecosystem services in China, and the value of ecosystem products can’t be accurately accounted for and the results don’t have practical economic significance. The study points out that the development of ecosystem products value accounting is a combination of long-term and near-term processes, and that GEP should be accounted for like GDP. The next step of local promotion should be to make continuous efforts in improving the basic theoretical framework, establishing statistical accounting techniques, forming local operational capacity, and promoting the application of accounting results, so as to provide theoretical and technical support for the establishment of a sound mechanism for realizing ecosystem products value.