Keeping Track of Finances: The Finest Practices
- Apr 15, 2025
The Debut of Bookkeeping and Its EvolutionThe earliest uses of bookkeeping date back thousands of years ago, in the Mesopotamian times, where records were kept on clay tablets. The first one credited to have introduced the double-entry system (a system still used nowadays) is Muhammad ibn Musa al-Khwarizmi (lived between 790-850), a scholar of Iranian nationality, but the popularity to this kind of system was actually brought much later (in the 1400s) by Luca Pacioli.There are some oth…
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