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The phrase "accounts for less" is correct and usable in written English.
It can be used when discussing the proportion or significance of something in relation to a whole or a larger context.
Example: "In the overall budget, marketing expenses account for less than 10%."
Alternatives: "represents a smaller portion" or "makes up a lesser amount."
Exact(60)
The UK manufacturing sector accounts for less than 10%.
Africa still accounts for less than 2% of world trade.
Beijing's economy accounts for less than 5% of China's GDP.
ChiNext accounts for less than a tenth of GDP.
Agriculture accounts for less than a quarter of GDP.
It accounts for less than 0.5% of operator revenues.
Solar energy accounts for less than 1% of the total energy produced in India[1].
The U.S. accounts for less than 5% of the globes population, yet locks away nearly 25%.
Another suggestion, eliminating congressional earmarks, accounts for less than 2percentt of federal expenditures.
Aerobic respiration accounts for less than 10% of the observed contaminant removal in the saturated zone.
Government money accounts for less than half of Homeless Link's funding pie.
More suggestions(4)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com