single-entry bookkeeping

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Definitions from WordNet

Noun single-entry bookkeeping has 1 sense

single entry, single-entry bookkeeping - a simple bookkeeping system; transactions are entered in only one account
--₁ is a kind of bookkeeping, clerking

Definitions from the Web

Single-entry Bookkeeping

In accounting, single-entry bookkeeping is a method where only a single line entry is made for each transaction, without distinguishing between cash inflows and outflows. It is a simplified form of bookkeeping suitable for small businesses or individuals.

Sample sentences:

As a freelancer, Sarah uses single-entry bookkeeping to keep track of her business expenses and income.
The single-entry bookkeeping system is easy to learn and suitable for entrepreneurs who want to manage their finances without complex accounting procedures.
Without robust financial records, it is challenging to reconcile transactions accurately using single-entry bookkeeping.