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Methods

Single-entry bookkeeping

Single-entry bookkeeping records activity in a simple running register without a complete debit-and-credit system.

Reviewed by the Booksmrt bookkeeping teamLast reviewed 2026-07-27

How it works in the books

It may track cash receipts and payments for a very small operation, but it does not naturally maintain a complete balance sheet or self-balancing ledger.

Example

A spreadsheet with one row per bank transaction and one category column is a common single-entry setup.

What can go wrong

Loans, owner activity, credit cards, unpaid invoices, and transfers can be difficult to represent reliably in a single-entry register.

Compare Single-entry bookkeeping

Single-entry vs. double-entry bookkeepingSingle entry can track basic receipts and payments. Double entry records the full effect of each transaction and supports self-balancing financial statements, making it the standard choice for accounting software and growing businesses.

Sources

Educational information only. Booksmrt provides bookkeeping services, not tax, legal, audit, or investment advice. Confirm material accounting and tax decisions with the appropriate professional.