Hello! I need some basic info for initial inventory in accounting with real-time inventory valuation. My problem is...
I have 1000. == Initial Capital
Stock in Hand 1500 == Initial Stock
Payable amount == 1500
Now how can I post these entries properly in odoo default accounts (generic accounts)
If I set product stock input, output and valuation accounts as (Stock Interim Account (Received), Stock Interim Account (Delivered), Stock Valuation Account) and then record initial inventory.
These accounting entries generated in my charts of accounts.
Stock Interim Account (Received) Credited = 1500
Stock Valuation Account Debited = 1500
Balance for asset become = Zero
Please help me to post proper entries, including stock value, payable, and cash. I have no country-specific accounts installed, instead, I have Odoo's generic accounts.