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I have the following setting for my Product for Inventory evaluation. 


The chart of accounts for the above accounts is as below:


When the item is received the Stock Interim( Received) gets credited and the same is cleared when the bill is raised and payment is made to the supplier.

All my sales are done through POS and When the POS sale is done the Stock Interim(Delivered) Account is debited and the Stock Valuation account is credited resulting in Stock Interim(Delivered) getting reflected in the Balance Sheet.


As far as I understand the Stock Interim(Delivered) account is in nature of Cost of Goods Sold, So When I change the type of Account as Expense it gets directly reflected in the Profit and Loss Account.

Or should I create a separate Cost of Goods Sold Account with type as expense and transfer manually from the Stock Interim(Delivered) to the Cost of Goods Sold Account. 


Kindly Guide which method is correct.

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Hello! Did you get an answer regarding how to clear/reconcile the Stock Interim (Delivered) acccount?

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If you are using the Anglo Saxon accounting, the expense and Cost of Goods Sold (Product Sales in my screen shot) Accounts will be impacted automatically.


Anglo Saxon Enabled:



Journal created from stock delivery from POS transaction:



POS transaction:




The both Interim accounts in Anglo-Saxon accounting will be set current assets type and allow reconcilable enabled. 




In Anglo-Saxon accounting, the costs of goods sold (COGS) are reported when products are sold or delivered. This means that the cost of a good is only recorded as an expense when a customer is invoiced for a product. Interim Stock Accounts are used for the input and output accounts, and are both Asset Accounts in the balance sheet.


See this video:   Continental Inventory Valuation | Odoo Accounting - YouTube




In Continental accounting, the cost of a good is reported as soon as a product is received into stock. Additionally, a single Expense account is used for both input and output accounts in the balance sheet.


See this video  Continental Inventory Valuation | Odoo Accounting - YouTube

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