What is Manual Double Entry Bookkeeping?
Scholars claim that manual double entry bookkeeping had been in use in Italy for hundreds of years before the first book entitled Summa de Arithmetica, Geometria, Proportioni et Proportionalita (Everything About Arithmetic, Geometry and Proportion) was written on it by Pacioli in 1494. Bookkeeping was one of five topics covered, included “in order that the subjects of the most gracious Duke of Urbino may have complete instructions in the conduct of business,” and to “give the trader without delay information as to his assets and liabilities.” Manual double entry bookkeeping is done by hand with paper and pen in Journal and Ledger books available from office supply stores. There are generally three Journal books, two of them with very wide pages. 1.) Cash-In (bank deposits and cash (debits)) plus columns for all the relevant income and sales accounts plus a miscellaneous column for unusual receipts (credits), and 2.) Cash-Out (generally checks (credits)) plus columns for all/most of the
