Momentum accounting and triple-entry bookkeeping

"Triple-entry accounting" redirects here and is not to be confused with Triple bottom line.

Momentum accounting and triple-entry bookkeeping is an accounting system developed by Japanese academic Yuji Ijiri.^[1] It is proposed as an alternative to double-entry bookkeeping, the standard method used in worldwide financial accounting. Referred to as momentum accounting and triple-entry bookkeeping, this system introduces changes to double-entry bookkeeping by focusing on tracking changes in balances, revenue earning, and cash collection. While double-entry records each transaction with two entries (typically a debit and a credit) on a specific date, momentum accounting recognizes changes in balances as key events. For instance, recording an acceleration in revenue—like a $1,000 per period increase from $10,000 to $11,000 in monthly revenue—would, under this system, require three entries to implement.^{[clarification needed]}