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Bookkeeping • VAT Accounting • Credit Control • Financial Visibility

What advantages does double-entry bookkeeping bring for the merchant!

It is one of the most beautiful inventions of the human mind,

and every good steward should introduce it into their economy.

[Taken from Wilhelm Meister's Apprenticeship — Volume 1,

Johann Wolfgang von Goethe (1795)]

Business owners operating in a complex economic system, at a regional level or on a global scale, rely on having timely access to relevant, reliable financial records and reports, to inform decisions that affect their business in the near term, and to support decisions affecting longer term strategies. It follows that the financial data used to prepare reports must itself be accurate, relevant, trustworthy and up-to-date. The source of such data should have at its core, a double-entry bookkeeping system.


Financial records, in any case, are of little value and can be damaging, unless the information they present is reliable

(unbiased and free from material error).


Our website (under construction) is dedicated to introducing a computerised version of the double-entry bookkeeping system, inviting you to explore and appreciate the most powerful financial accounting techniques available to business owners today.

The double-entry bookkeeping application used to support the practical examples featured here is informally known as EARLE, which is an acronym for Expenses, Assets, Revenue, Liabilities and Equity, encapsulating the whole set of variables used in the accounting equation.

Email earle@oaservice.co.uk

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