Single-entry bookkeeping system

In this Slovak type of bookkeeping the entity compares their (tax) revenues and expenditures at the beginning and end of the reporting period (not from incomes and charges as it is in a double-entry accounting system). It is not accounted for at accounts.

A single-entry accounting system is designed for e.g. entrepreneurs who are not registered in the business register or natural persons who carry out business or other self-employment activities.