Basic accounting

Question

I'm trying to use OpenERP for very basic accounting.  Make an invoice with 13% tax, and register a payment when the cheque arrives.  Later make payments to bills and have the sales tax get subtracted from tax owed to government.  Below our the issues I've had.  It's pretty tough to explain without a video so this is what I have so far: http://youtu.be/YLdkq1UtpqI

Issues:
- Starfleet invoice shows up as accounts receivable AND adds total amount twice to journal
- Treats our subspace transmission

michel Guénard · Accepted Answer

The journal entries *view* (not to consider this view with the trial balance of accounts) is showing each posting; therefore

as a purchase or a sale are creating a double entry (debit balancing with credit)

it shows 2 lines.

Debit expense account/ credit third party account

Then payments are creating 2 other lignes

debit: third party /credit bank for suppliers or reverse for customers

When you check the Trial balance you can verify that accounts payable and accounts receivable have a zero

Steve Sharpe · Answer

Thank you Ad Libitom.  This is when a non-accountant tries to use ERP software :)

I am puzzled however why this report is showing a loss when I've had sale of $328 and only one expense at $37.  The bank balance at the bottom is finally showing up as correct. That is a huge win!

Account financial report: https://drive.google.com/file/d/0B_Bf2KhKxRriVnZwODk0VlN2QzA

Publicaciones relacionadas	Respuestas	Vistas
Generate Purchase vouchers via email accounting expenses	0 jul 17	4313
How to insert more accounts to the drop down menu? - expenses - accounts payable accounting expenses	0 mar 15	3854
Accounting report using Studio in V17 accounting invoices report	1 jun 24	2812
Help on Journal Accounts accounting invoices Cost	1 feb 24	2173
Espenses are not being paid in Odoo 9 accounting expenses reconciliation	0 sept 16	3809

Se marcó esta pregunta

¿Le interesa esta conversación? ¡Participe en ella!