# Single-entry bookkeeping

> Single-entry bookkeeping — Recording each transaction once, as a line in a running list — usually of cash — with no second side to check it against. It says what happened to cash, not what happened to the business, and an error in it does not show.

Source: https://lopifi.com/glossary/single-entry-bookkeeping
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is single-entry bookkeeping?** In accounting, single-entry bookkeeping means recording each transaction once, as a line in a running list — usually of cash — with no second side to check it against. It says what happened to cash, not what happened to the business, and an error in it does not show.

## Words this system refuses for it

- simple bookkeeping
- cash book for a double-entry ledger

- **Category:** Foundations
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** transaction