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How to setup capital account in OpenERP 7.0 ?

Hamza Allouh
on 5/3/13, 11:54 AM 5,245 views

I want to setup capital account with 3 partners

  • Capital

    • Partner 1

    • Partner 2

    • Partner 3

what is the "Internal Type" and "Account Type" for Capital?

what is the "Internal Type" and "Account Type" for Partners?

I installed UK Accounting

Mohamed arif
On 5/3/13, 4:14 PM

You have to create direct Journal Entries to setup Capital and Partners shares.

Internal Type of Capital account is Regular, Account Type Liability.

Internal Type for Partner (not for Customers and Suppliers) Account is Regular and Account Type Equity. (Account to keep individual business share / investments.)

Thank you Arif For your answer, OK no Liability in the Internal Type drop down list for capital, only view, regular, receivable, payable, liquidity, consolidation and closed

Hamza Allouh
on 5/3/13, 5:06 PM

This ValidateError Error occurred while validating the field(s) user_type,type: Configuration Error! You cannot select an account type with a deferral method different of "Unreconciled" for accounts with internal type "Payable/Receivable". for partner account

Hamza Allouh
on 5/3/13, 5:12 PM

You can set Internal Type of both account to Regular.

Mohamed arif
on 5/4/13, 4:26 AM

Thank you Arif, I set Capital Internal Type view and Partners shares Internal Type Regular, "You have to create direct Journal Entries to setup Capital and Partners shares" I can't do it, I think need to make opening balance for partner shares accounts rightØŸ

Hamza Allouh
on 5/4/13, 6:48 AM

Yes, you have to create Journal Entry using the Journal 'Opening Balance Journal' (Equivalent journal in your Charts of Accounts)

Mohamed arif
on 5/5/13, 4:20 AM

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Asked: 5/3/13, 11:54 AM
Seen: 5245 times
Last updated: 10/16/16, 7:18 PM