single-entry bookkeeping
- noun
- /ˈsɪŋɡl ˈɛntri ˈbʊkˌkiːpɪŋ/
- Specialized
:
contabilidad de entrada única
- Many small businesses prefer single-entry bookkeeping to keep their financial records simple.
Examples
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Using single-entry bookkeeping, she was able to track her income and expenses without much hassle.
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He chose single-entry bookkeeping because it suited the straightforward nature of his small shop.
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All those people who favor the use of the cheques grant their massive attention to the single-entry bookkeeping system.
Blog text (3) -
Double-entry bookkeeping is reality, while governments live by single-entry bookkeeping.
Blog text (26)
Synonyms
A simple bookkeeping method that records only one side of each transaction
How Detailed
- Specialized
- Specialized
- Specialized
397
2.7
Surface Forms
Morphology
single-entry + bookkeeping
The meaning is directly compositional: 'single' = one, 'entry' = a record, and 'bookkeeping' = recording financial transactions, so a learner can infer it refers to bookkeeping that uses one record per transaction (as opposed to double-entry). This is a regular, productive compound formation in English and should be understandable to a B1 learner who knows the constituent words.
Etymology
Single-entry bookkeeping comes from the simple habit of writing each sale or expense only once in one book — the part single-entry shows that every transaction gets a single written record. So, because each item is kept in 'one place' only, the phrase now means a very simple, easy way of keeping accounts that is useful for small businesses but can miss mistakes.