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Making him an excellent figurehead for accounting, really. It’s important to note that while Pacioli is often credited with the development of double-entrybookkeeping, he did not invent the method and is instead considered the first person to describe the method already used by Venetian merchants in literature.
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Increasingly, firms seek accountability and visibility into suppliers, vendors and transactions in real time. They’re just called doubleentrybookkeeping.”. Blockchain, he said, exists as a form of “multi-way bookkeeping.”.
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There’s no double-entrybookkeeping, no debits and credits, no Balance Sheet, and far too many potential lurking mysteries to be uncovered only after all the manual data entry is already complete. I get not wanting to spend big bucks on a full-featured bookkeeping package for an activity that’s not earning much money.
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