Double-Entry System In Accounting To Detect Fraud & Errors: Expert Guide

Oct 15, 2023

Online Accounting Info is the only online hub to give accountants free professional advice. With a growing hub of informative articles that aren’t to be missed, you’ll love accruing more knowledge with Online Accounting Info.

Online Accounting Info is proud to be the place to be online for all accountants. If you want to stay on top of your profession, they have the expert industry insights, information and advice you need.

With the platform’s newest article, called ‘How The Double-Entry System Shaped Modern Accounting’, they take you on a deep dive into the history of the double-entry system, tracing its roots from 15th century Italy into the 19th century and, finally, the present day, where it continues to be the underpinning of good financial management. As with all the posts on Online Accounting Info, their newest article also brings you practical industry advice like training and education opportunities and speculations on the future of the double-entry system. 

Go to to find out more.

As the online hub’s latest article explains, the double-entry system was historically prized and continues to be valued as an essential tool for detection of errors and fraud. Online Accounting Info’s team of esteemed accountants, auditors and financial advisors believes that—as technology and data management both increases and complexifies—you would do well to refresh your knowledge of the system so that you can continue to effectively assess the accuracy and completeness of your financial records.  

In particular, the site offers you insights into how you can use both computerized accounting systems and cloud-based accounting software for better accuracy, efficiency and accessibility. 

As Online Accounting Info’s staff writers stated, “With cloud-based accounting software, which emulates the principles of the double-entry system, you’ll have the convenience of accessing your financial records from anywhere at any time. This technology allows you to integrate your accounting system with other business systems seamlessly, making your work more efficient and streamlined.” 

The accountants behind the online information hub also believe that it is imperative for you to stay abreast of technological updates like cloud-based accounting software. They recommend that you also constantly seek to deepen and advance your knowledge of their profession, by doing things like learning more about the tenets of the double-entry system and considering future evolutions to the basics of accounting. 

The head of Online Accounting Info, Scott Harris, a leading financial advisor, is proud to be sharing industry insights from some of the US’ most experienced accountants, auditors and advisors. 

He said of the site’s latest article, “The double-entry system has been the backbone of modern accounting, shaping the way we understand and analyze financial information. By providing a clear and balanced view of transactions, it has acted as a guiding compass for businesses worldwide. As technology continues to evolve, this system will adapt and remain an indispensable tool in the hands of skilled accountants, unraveling mysteries and unlocking opportunities in the ever-changing world of finance. So embrace its power, for with the double-entry system by your side, you’ll always have a reliable partner on your financial journey.” 

If you’re going to be at the forefront of accounting, you need to know where the profession has come from.

Visit to learn more about the double-entry system with Online Accounting Info.

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