Brain Dump: Triple Entry Accounting?

Has anybody else heard about Triple Entry Accounting? I have four references: here, here, here, and here.


Would this really be an pro-transparency and anti-fraud control? Any accountants out there? This is outside my expertise.



6 Responses

  1. The trying to read the first link produced this warning:

    “This Connection is Untrusted

    You have asked Firefox to connect securely to, but we can’t confirm that your connection is secure.
    Normally, when you try to connect securely,
    sites will present trusted identification to prove that you are
    going to the right place. However, this site’s identity can’t be verified.

    What Should I Do?

    If you usually connect to this site without problems, this error could mean that someone is trying to impersonate the site, and you shouldn’t continue.

    Technical Details uses an invalid security certificate.

    The certificate is not trusted because no issuer chain was provided.

    (Error code: sec_error_unknown_issuer)

    I Understand the Risks

    If you understand what’s going on, you
    can tell Firefox to start trusting this site’s identification.
    Even if you trust the site, this error could mean that someone is
    tampering with your connection.
    Don’t add an exception unless you know there’s a good reason why this site doesn’t use trusted identification.”

    So, are you sure this site is safe?

  2. Triple entry bookkeeping is an extension of double entry bookkeeping proposed by prof. Yuri Ijiri. It certainly has it use for fraud detection. For some basic introduction and literature reference browse:

    Best regards,
    Eric Melse

  3. Eric:Thanks for the links.


    “n regular, double-entry bookkeeping, changes in balances such as earning revenues and collecting cash are recorded. These events are recorded with two entries, usually a debit and a credit, assigned on a given date. In momentum accounting, changes in changes are the recognized events. For example, an acceleration in revenue earning, such as a $1,000 per period increase of revenues from $10,000 per month to $11,000 per month, is a recordable event that would require three entries to implement.”

  5. The way I see it, the Momentum Accounting idea is more about secondary accounting over a primary baseline of (double entry) transactions. I’d see it as calculus, in the same way that we integrate over a set of points to get a curve.

    Triple entry as per my paper however replaces double entry completely. The reason for this is that one “new” entry provides most of the benefit of double entry, and can replace it entirely in double entry’s narrow scope. However because it was developed for inter-person transactions (not intra-person accounts) it triples its copies which succeeds in addressing the remaining benefit of double entry (that of a lost record).

    It might also be pointed out that we both seem to be vague on the wording. My paper is probably better off as bookkeeping because the semantics are not recognised, where as the Momentum idea explicitly enters into semantics such as acceleration of revenues, so it is more accounting than bookkeeping.

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