I'm a bit confused. Need help from experts here. I'm using Odoo v8.0. When I checked P&L of 2015, it showed me a + figure. But when I checked Balance Sheet of 2015, this P&L amount is getting added to Liability. Shouldn't it be deducted from Liability?
Let me show it through an example. My total income is 1,000.00 and total expense is 700.00, which makes a P&L summary 300.00. In Balance Sheet the whole Liability accounts are listed in -ve and total Liability is -900.00, which is fine for me. But why is P&L 300.00 shown as -300.00 in Balance Sheet and be added to Liability making it total -1,200.00? My impression is that Liability should be -600.00. Please help if I am wrong here and how am I wrong. Or if it is some settings I need to configure in Odoo to have the correct value.
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
|Asked: 1/29/16, 10:41 AM|
|Seen: 323 times|
|Last updated: 1/30/16, 4:47 AM|