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OpenERP balance sheet with Tangible fixed assets.

on 1/2/15, 8:30 AM 543 views

Issue 1: I have a tangible fixed asset (Building),  Its value is "X".  I created an credit entry in Building's category;  Where do I have to create a Debit entry for the same to post it into Balance Sheet.  If I create Debit entry in any other accounts, it will not balance Profit Loss amount.  Since I am very new to accounting, I am missing some key steps.  Please guide me on this.  

Issue 2:  I have created fixed asset entry for Jan period (Fiscal yr Jan to Dec);   When I see Balance sheet of March period, I am not able to see the fixed asset's amount I made for Jan period.  I am expecting it to reflect in march month's balance sheet since it is a fixed asset and not depreciated 100%.  I am not sure how to configure this.  Help me on this too.  

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Asked: 1/2/15, 8:30 AM
Seen: 543 times
Last updated: 3/16/15, 8:10 AM