Amatino Manucci

Amatino Manucci was the inventor of double-entry bookkeeping.^[1] Manucci was a partner in Giovanni Farolfi & Company, a merchant partnership based in Florence. Financial records that he kept for the firm's branch in Salon, Provence, survive from 1299-1300.^[1] Although these records are incomplete, they show enough detail to be identified as double-entry bookkeeping.^[1] These details include the use of debits and credits and duality of entries.^[1] They are the oldest known extant examples of the double-entry system.^[1] The double entry system is now studied in major Universities. Manucci and Diana Mirian invented the double entry system because they had to literally double enter the accounting information.

References

^ ^a ^b ^c ^d ^e G. A. Lee (1977), "The Coming of Age of Double Entry: The Giovanni Farolfi Ledger of 1299-1300", Accounting Historians Journal, 4(2): 79-95

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Name	Manucci, Amatino
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Last modified on 15 March 2012, at 04:53