Odoo is the world's easiest all-in-one management software. It includes hundreds of business apps:
CRM | e-Commerce | Accounting | Inventory | PoS | Project management | MRP | etc.
Hi, Good Day, I am having some difficulties understanding how to declare Expenses in OpenERP. I do understand that to declare expenses, user must to go Human Resource > Expenses. I already tried to input some expenses such as Travel Allowance, and Food Allowance, and I do see that it automatically generate an Accounting Entries.
My question is, what will be the next step after confirming the Expense? and where to Disburse it? I don't have any Accounting Background so I'm confuse.
Your Feedback is highly Appreciated
- Once you confirmed the expense, it created an supplier receipt for the employee. This is -more or less- the same as a supplier invoice (actually, these are different objects but they will create the same accounting entries).
- So if your financial manager confirms that supplier receipt, it will create accounting entries telling that you have a debt in favor of your employee.
- This debt will be closed as soon as you'll make the payment to your employee and reconcile the payment with the supplier receipt. For further information about this, please see http://doc.openerp.com/v6.1/book/3/37/accountingentries.html and check the sections "managing bank statements" (normal way to encode the payment you'll make to your employees) and "reconciliation process" (matching the payment and the debt altogether).
so, in short: once you've created the accounting entries, you just need to follow the normal way to pay your creditors. There aren't any feedback on the expense, but it's pretty fair as the followup of the expense isn't anymore the responsibility of the HR manager, it's now the responsibility of the accountant.
Please try to give a substantial answer. If you wanted to comment on the question or answer, just use the commenting tool. Please remember that you can always revise your answers - no need to answer the same question twice. Also, please don't forget to vote - it really helps to select the best questions and answers!
About This Community
This platform is for beginners and experts willing to share their Odoo knowledge. It's not a forum to discuss ideas, but a knowledge base of questions and their answers.Register
Odoo Training Center
Access to our E-learning platform and experience all Odoo Apps through learning videos, exercises and Quizz.Test it now
|Asked: 2/7/13, 10:26 AM|
|Seen: 2480 times|
|Last updated: 3/16/15, 8:10 AM|