> However, double entry accounting gives us an audit trail because it tracks how assets are moved between accounts. Ah, makes sense. My understanding of doubl

> However, double entry accounting gives us an audit trail because it tracks how assets are moved between accounts. Ah, makes sense. My understanding of double-entry comes from history rather finance. I read a few articles on Italian history, specifically the Medici family with Florentine banks and hand-written ledgers. I'm not an accountant, in practice it makes more sense as an audit trail. I guess you could stretch the metaphor further and say that a SCM + testing gives you the equivalent of double-entry. However in practice, I've never had much trouble convincing anyone to use a SCM :).