Double-entry bookkeeping is the concept that every accounting transaction impacts a company’s finances in two ways. The general ledger is the record of the two sides of each transaction.

A copy of 15th century Italian mathematician Luca Pacioli’s famous book “Summa de arithmetica,” which included the first-ever description of the practice of double-entry book-keeping, is ...

In basic accounting, the journal is often called the book of original entry. It is this book in which daily transactions are recorded as simple or compound in the chronological order that each occurs.

Every branch manager of the Medici bank, and indeed Cosimo de’ Medici himself, knew double-entry a half century before Pacioli’s book. Support thought-provoking, quality journalism. Join The ...

`Double Entry: How the Merchants of Venice Created Modern Finance’by Jane Gleeson-White W.W. Norton, 294 pp., $25.95 Modern business is almost literally unthinkable without accounting.

JANE GLEESON-WHITE, author of a new book about the genesis of double-entry book-keeping, discusses the little known roots of the practice in Renaissance Venice | Culture ...

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 ...