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[localization] What is the meaning of types in the chart of accounts ?
I need to know the meaning of the different types in the chart accounts, so I can related to the Moroccan chart of accounts.
| Receivable |
| Payable |
| Bank and Cash |
| Current Assets |
| Non-current Assets |
| Prepayments |
| Fixed Assets |
| Current Liabilities |
| Non-current Liabilities |
| Equity |
| Current Year Earnings |
| Other Income |
| Income |
| Depreciation |
| Expenses |
| Direct Costs |
| Thanks a lot |
Hi Everybody
I got an answer, maybe it will help some of you.
| 1/ In the chart of accounts ( account.account ) we find a type of account where you should choose one of the list mentioned above. |
| 2/ This type is used for 3 reasons: * To show accounting reports in a good format (grouped by type ...etc). * For Restrictions (Exemple : When you want to choose an account for customer, it will show you only accounts with type "Receivable" ). * In Financial year closure. |
Good Luck
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| Asked: 10/19/16, 12:21 PM |
| Seen: 739 times |
| Last updated: 10/25/16, 10:00 AM |
These terms are common accounting terms. Please ask an accountant or consult arbitrary accounting sources.
I need to know their meaning from Odoo point view (their impact on other modules, fields ...etc. Example customer account display only receivable/payable account ).
so that I can choose them properly especially for my country Moroccan accounting which is a little bit different from this (it's the case of each country)