Receipts and payments accounting
Receipts and payments accounting is a very simple basis of financial reporting, used only by very small and financially unsophisticated organisations.
For example, not-for-profit members clubs.
It is based on cash receipts and payments only.
It is sometimes known as cash accounting.
By contrast, the overwhelming majority of commercial and larger organisations report on the basis of accruals accounting, in order to present a true and fair view in their financial statements.