Single Entry Bookkeeping System: Meaning, Format, and Limitations
Single Entry Bookkeeping System: Meaning, Format, and Limitations The single-entry bookkeeping system is a basic and informal accounting method, primarily used by individuals, freelancers, and small businesses. It offers a straightforward way to record cash-based transactions but lacks the detailed insights and double-checks of a formal double-entry system. BOOK A FREE DEMO What is a