Double Entry system is the recommended accounting system for business enterprises.

Mr.Muhammad Big organisations catagorize the working with departments for every particular job to hold controll,accuracy,consistence and proficiency.That's why store is responsible for inventory, receiveble for customers,payble for suppliers and HR for employees voice versa.

The softwares you mention all are following double entry and when some one pass entry it recorded all the relevant accounts upto financials and save big time and effort,without these software you have to pass all entries one by one and chances of mistake are very high.

the double entry is being cpmlied with in this manner that every department is doing its own responsibility in the sys. Eg.payable dept recording payables so they must select the contra account against payables eg. If the supplier of goods is being credited so at the same time stock account must be selected in the system otherwise system will not avcept the entry.

IT IS A GOOD SYSTEM FOR BUSNIESS

yes

Double Entry system is the recommended accounting system for business enterprises.

yes double entry is recommended for business enterprises.

In contrast in large organizations using ERP systems like SAP or Oracle. Person receiving stock in the warehouse can only make entry related to stock. Person in payables is responsible to record the liability and person responsible for banking makes the payment entry only. How do they comply with the double entry system of accounting ?

 

Actually the above mentioned software are build and programmed on main frame software and the Chart of Account is used as Integrated Accounting System. 

yes ,according to this system every business transaction has two accounts

Double entry shall be through the responsibility of the transactions and the secretary of the stores and shall be subject to periodic follow-up