Abstract.Our main result establishes an isomorphism between all functions on an idempotent semigroup S with identity, under the usual addition and multiplication, and all finitely additive measures on a certain Boolean algebra of subsets of S, under the usual addition and a convolution type multiplication. Notions of a function of bounded variation on 5 and its variation norm are defined in such a way that the above isomorphism, restricted to the functions of bounded variation, is an isometry onto the set of all bounded measures. Our notion of a function of bounded variation is equivalent to the classical notion in case S is the unit interval and the "product" of two numbers in S is their maximum.