single-entry bookkeeping

single-entry bookkeeping
single-entry bookkeeping UK US noun [U] ACCOUNTING
a simple system of recording the money spent or received by a small business or organization in one account: »

A checkbook is a single-entry bookkeeping system where one entry is made for each deposit or check written.

Compare DOUBLE ENTRY BOOKKEEPING(Cf. ↑double entry bookkeeping)

Financial and business terms. 2012.

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Look at other dictionaries:

  • Single-entry bookkeeping system — also known as Single entry accounting system is a one sided accounting entry to maintain financial information.OverviewMost businesses maintain a record of all transactions based on the double entry bookkeeping system. However, many small, simple …   Wikipedia

  • single-entry bookkeeping — noun a simple bookkeeping system; transactions are entered in only one account • Syn: ↑single entry • Hypernyms: ↑bookkeeping, ↑clerking …   Useful english dictionary

  • single-entry bookkeeping — /ˌsɪŋg(ə)l ˌentri bυkki:pɪŋ/ noun a method of bookkeeping where payments or sales are noted with only one entry per transaction (usually in the cash book) …   Dictionary of banking and finance

  • single entry — noun a simple bookkeeping system; transactions are entered in only one account • Syn: ↑single entry bookkeeping • Hypernyms: ↑bookkeeping, ↑clerking * * * noun : a method or system of bookkeeping that recognizes only one side of a business… …   Useful english dictionary

  • Bookkeeping by single entry — Bookkeeping Book keep ing, n. The art of recording pecuniary or business transactions in a regular and systematic manner, so as to show their relation to each other, and the state of the business in which they occur; the art of keeping accounts.… …   The Collaborative International Dictionary of English

  • Single entry — Single Sin gle, a. [L. singulus, a dim. from the root in simplex simple; cf. OE. & OF. sengle, fr. L. singulus. See {Simple}, and cf. {Singular}.] 1. One only, as distinguished from more than one; consisting of one alone; individual; separate; as …   The Collaborative International Dictionary of English

  • Single entry — Entry En try, n.; pl. {Entries}. [OE. entree, entre, F. entr[ e]e, fr. entrer to enter. See {Enter}, and cf. {Entr[ e]e}.] 1. The act of entering or passing into or upon; entrance; ingress; hence, beginnings or first attempts; as, the entry of a… …   The Collaborative International Dictionary of English

  • single entry — n. a system of bookkeeping in which the only account kept is a single one consisting usually of a record of cash and of debts owed to and by the concern in question single entry adj …   English World dictionary

  • single entry — single entry, adj. Bookkeeping. 1. an item noted only once. 2. a simple accounting system noting only amounts owed by and due to a business. Cf. double entry. [1820 30] * * * …   Universalium

  • single-entry accounting — A system of tracking business income and expenses that requires each item of income or expense to be recorded just once. Compare: double entry accounting Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances… …   Law dictionary

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