During the reign of Henry I (), the exchequer became the government's primary financial department. The treasury at London became the lower exchequer or "exchequer of receipt". It was staffed by the treasurer, two chamberlains, and other minor officials. Sheriffs paid county revenues to the lower exchequer. The upper exchequer consisted of the barons of the exchequer, who were selected from among court and household officials. The barons audited the sheriffs' accounts twice a year. When disputes arose over financial rights and obligations, the exchequer functioned as a court, the Court of the Exchequer.
During the reign of Henry I (), the exchequer became the government's primary financial department. The treasury at London became the lower exchequer or "exchequer of receipt". It was staffed by the treasurer two chamberlains, and other minor officials. Sheriffs paid county revenues to the lower exchequer. The upper exchequer consisted of the barons of the exchequer, who were selected from among court and household officials. The barons audited the sheriffs' accounts twice a year. When disputes arose over financial rights and obligations, the exchequer functioned as a court, the Court of the Exchequer.