Luca Pacioli (also known as Luca Bartolomeo de Pacioli)

Luca Pacioli, an Italian mathematician and Franciscan friar from the Renaissance era, is often referred to as the "father of accounting." Born in 1447, he introduced the concept of double-entry bookkeeping in his 1494 work, "Summa de Arithmetica, Geometria, Proportioni et Proportionalità." This method revolutionized accounting by ensuring that every financial transaction is recorded in two accounts, enhancing accuracy and transparency. Pacioli’s contributions laid the foundation for modern accounting practices, influencing how businesses manage their finances today. His work highlights the importance of mathematics in daily life and commerce.