Father of Accounting

Father of Accounting

Luca Pacioli (1445 – c.1514), an Italian mathematician and Franciscan friar, is credited with being the inventor of double-entry bookkeeping, and thus the 'Father of Accounting'. Pacioli described (rather than invented) the double-entry method of keeping accounts used by Venetian merchants in his: Summa de arithmetica, geometrica, proportioni et proportionalita (1494).