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Trying to work out whether double-entry bookkeeping created capitalism in its own image, or whether capitalism’s needs have shaped double-entry bookkeeping, is a classic chicken-and-egg conundrum.

Although no one knows when double-entry accounting first emerged, but Italian mathematician and Franciscan friar Luca Pacioli wrote the first codified system describing the technique in the late 1400s ...

Traditional bookkeeping was performed using one of two systems. Accountants and bookkeepers used the systems to manually calculate company books and present financial statements in accordance with ...

Modern business is almost literally unthinkable without accounting. Without it, product managers wouldn’t be able to tell if their latest gizmo was recouping its development costs, investors wouldn’t ...

Our business heroes are entrepreneurs, inventors and even marketers, rarely accountants. Yet the invention of double-entry bookkeeping, which originated in Italy more than six centuries ago, is one of ...

We are a team of writers, experimenters and researchers providing you with the best advice with zero bias or partiality. Proper bookkeeping is an unavoidable task when running a small business, but ...