What is another word for single-entry bookkeeping?
Pronunciation: [sˈɪŋɡə͡lˈɛntɹi bˈʊkkiːpɪŋ] (IPA) 
Single-entry bookkeeping is a term used to describe a basic accounting system which records only one aspect of financial transactions. Some synonyms for single-entry bookkeeping include cash accounting, simple bookkeeping, income-expense recording, and single account method. Cash accounting refers to the method of recording all cash receipts and expenses as they occur, without considering accounts receivable or payable. Simple bookkeeping implies basic record-keeping without much complexity of double-entry bookkeeping. The single account method is so named because it maintains a single account for each type of transaction, without regard to debiting and crediting two accounts for each transaction. Income-expense recording indicates that the method only records income and expenses and does not consider assets and liabilities.
