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Accounting > One-write System
The following information is about One-write System.
One-write System Defined
(also known as PEGBOARD SYSTEM) is a useful system for small and home-based businesses. It captures information at the time the transaction takes place. These One-Write Systems are efficient because they eliminate the need for recopying the data and are compatible with electronic data processing if you should decide to computerize. Many small businesses rely totally on the One-Write System for simplicity and versatility. With only two pieces of papera check and a ledgeryou get all the benefits of sound bookkeeping: accuracymoney distributioncheck controlaudit trailrunning bank balanceand instant review.
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