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How can i generate opening entries period or month wise?

By
samba
on 8/5/14, 1:45 AM 1,543 views

From the menu Accounting -> Periodical processing -> End of period -> Generate opening entries.

is it possible to  generate opening entries period wise?.  When i try to generate this it is giving an alert. I have created fiscal years in the range of one month. It is allowing me to generate opening entries. But i am not an accounting guy.  I unable to figure out what are the problems i may face by generating opening entries month wise fiscal years. When i select morethan range in the more than one period it is showing wrong output.

4

Janeesh

--Janeesh--
1641
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Cochin, India
--Janeesh--

Odoo Developer

Janeesh
On 8/12/14, 9:23 AM

Hi,

This opening entries are supposed to create only once in a year. In openerp accouting entries are separate for each fiscal year. When a new fiscal year is starting, we will start the new year with all the balances in the previous year.

Thank you Janeesh, But my accounting team want to see opening balances month wise. Can you help me, how i have to show that. I have installed indian accounting system. but in that some accounts are not available those are opening balance, Closing balance, Opening stock, Closing stock. Do you know how to configure openerp with these accounts.

samba
on 8/13/14, 1:47 AM

Samba, in that case you will need a reporting engine or a view model (same as OpenERP/Odoo used for analytic view) that will generate the information you need. The data is there, it just need some processing, e.g. taking the sum of all confirmed transactions from the beginning of fiscal year up to a certain date. Note that since OpenERP/Odoo does not have monthly or periodical balance aside from the start of Fiscal Year, the balance of each month/period may change if the there is any transaction being confirmed or cancelled in that and the preceeding months/period. If your accounting team requires that month/period balance to be static, then only generate/check the report after the said month/period and all preceeding month/period been closed, which also mean that no transaction can be made on those months/periods anymore.

Ivan
on 8/27/14, 2:26 AM

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Asked: 8/5/14, 1:45 AM
Seen: 1543 times
Last updated: 12/13/15, 4:46 AM