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Can I do a Purchase Order buying something that is marked as an Asset and thus creating an automatic posting to the GL?

on 6/23/14, 12:00 AM 1,099 views

Is there a way to enter a Purchase Order to buy an item not for-resale as it is an Asset (a piece of equipment used within the organization)?

On 6/24/14, 2:56 AM

In current version Odoo - NO. You need custom code.

Ray Carnes
On 6/25/14, 7:56 PM

OUT OF THE BOX (when properly configured), items ordered via Purchase Orders cause entries to post to the GL when:

(1) the stock enters the warehouse (if real time stock valuation is set).

CREDIT: Uninvoiced Received Goods (Inventory Clearing / Purchase Contra) Account

DEBIT:  Inventory (Asset) Account

(2) when the Invoice for the order is created and validated.

CREDIT: Accounts Payable

DEBIT: Uninvoiced Received Goods (Inventory Clearing / Purchase Contra) Account

How?   See http://ursainfosystems.com/homesite/webinar-us-accounting-on-openerp-7-0/

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Asked: 6/23/14, 12:00 AM
Seen: 1099 times
Last updated: 3/16/15, 8:10 AM