Session

Double Entry is Lying to You

You've been told that double entry accounting keeps your finances safe.

That belief is a lie.

The supposed protections of double entry don't prevent disaster; it conceals it. At its core it works on the premise that as long as everything sums to up to zero that everything is fine. The thing no one tells you is that your books can balance to zero while you lose everything you have.

The strict reliance on mathematical checks ignores determinism, permits manipulation, and purposely has no real controls.

We'll uncover:
* The seductive illusion of zero sums
* How a failing business can have balanced books
* How these flaws can hide fraud and crime
* Why double entry can't be patched or "fixed"
* Why AI can compound these problems

You'll leave questioning the fundamental truths behind accounting and ledgering as well as a brief glimpse into what a brighter future could be.

Justin Dragos

Founder, String Theory

Phoenix, Arizona, United States

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