The development of double-entry bookkeeping in the 13th-15th centuries

Résumé

The introduction and spread of bookkeeping between the 13th and 15th centuries were a real technological innovation. The application of accounting methods and the correct maintenance of records literally changed the way in which business was conducted. It made it possible to control available assets, to make significant savings in administration, to accurately assess the results of activities and investments, and thus to facilitate a more efficient allocation of resources. For the company, accounting was a functional tool for increasing productivity and thus generating greater profits.