Ad
related to: single entry system examples
Search results
Results from the WOW.Com Content Network
Single-entry bookkeeping, also known as, single-entry accounting, is a method of bookkeeping that relies on a one-sided accounting entry to maintain financial information. . The primary bookkeeping record in single-entry bookkeeping is the cash book, which is similar to a checking account register (in UK: cheque account, current account), except all entries are allocated among several ...
There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process.
Single-entry may refer to: Single-entry bookkeeping system, a method of bookkeeping relying on a one-sided accounting entry to maintain financial information; Single-entry matrix, a matrix where a single element is one and the rest of the elements are zero
The National Single Window (NSW) system is one that allows traders to submit documentation and data requirements for importation, exportation, or transit of goods through a single entry point. This system aims to simplify trade procedures, reduce costs, and improve efficiency in international trade.
Momentum accounting and triple-entry bookkeeping is an alternative accountancy system developed by Japanese academic Yuji Ijiri and is the title of his 1989 monograph. [1] It is a proposed alternative to double-entry bookkeeping, the method favored by the worldwide financial accounting system.
For example, an enterprise resource planning (ERP) system (such as SAP or Oracle e-Business Suite) may store a customer record; the customer relationship management (CRM) system also needs a copy of the customer record (or part of it) and the warehouse dispatch system might also need a copy of some or all of the customer data (e.g., shipping ...
Every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides, known as debit and credit; this is based on the fundamental accounting principle that for every debit, there must be an equal and opposite credit. A transaction in double-entry bookkeeping ...
A Single Audit encompasses an examination of a recipient's financial records, financial statements, federal award transactions and expenditures, the general management of its operations, internal control systems, and federal assistance it received during the audit period (the time period of recipient operations examined in the Single Audit ...
Ad
related to: single entry system examples