Single Entry (Noun)
Meaning
A simple bookkeeping system; transactions are entered in only one account.
Classification
Nouns denoting acts or actions.
Examples
- The single_entry record for this sale will only show the amount in the revenue column.
- This system uses single_entry bookkeeping to simplify daily operations.
- Single_entry accounting may not provide a comprehensive view of company finances but is a good starting point for small businesses.
- Most personal accounting software offer the option for single_entry or double_entry bookkeeping depending on user preference.
- Single_entry record keeping offers an affordable approach to bookkeeping for startups and micro-businesses.