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3 Answers

Ray Carnes United States

--Ray Carnes--
| 10 7 11
Greater Los Angeles, United States
--Ray Carnes--

Business Analyst

OpenERP 6.1, 7.0; Odoo 8.0, 9.0, 10.0, 11.0 and 12.0.

Completed Odoo Functional and Technical Training.

Functional Areas:

  • CRM/Sales

  • Inventory

  • Manufacturing

  • Accounting

  • Purchasing

Major Skills:

  • Business Process Reengineering

  • Efficiency Consulting

  • User Needs and GAP Analysis;

  • Functional and Technical Design;

  • Prototyping and Proof of Concepts;

  • Requirements Specifications;

  • Agile Implementation;

  • Data Migration;

  • Configuration & Customization (UI and code);

  • Integration - Odoo and non Odoo Applications and Services;

  • Training and Knowledge Transfer;

  • Go Live Support;

  • Helpdesk;

  • Version Upgrades and Migration.

  • Accounting Expert.

I have over 20 years of experience empowering and enabling users with enterprise information systems that make a real and measurable difference in their ability to proactively manage their businesses and organizations. 

I am a skilled Communicator and I only take the serious things seriously!

Ray Carnes United States
8/24/15, 5:05 PM

This field is defined in the Anglo Saxon module.

The help (when you hover over the field label) is "This account will be used to value price difference between purchase price and cost price."

If a Purchase Order shows an item is $25 but the Invoice is for $26 then $1 X <number of items> is charged to this account, since the warehouse has already received $25 x <number of items> and the corresponding entry on Invoicing needs to balance with it.


James White Canada

--James White--

| 6 2 5
Toronto, Canada
--James White--

James White Canada
8/19/17, 2:50 PM

Thanks @Ray.  That almost made it work for me....  but I am an I.T. guy, not an accountant.  I think the question still in my mind is: why would the PO price be different than the Invoice price?  Is this simply just in case of errors?  Or is this going to be due to possible fluctuations in currency values?  I think that both of those cases would require a DIFFERENT account be used (Expense:VendorError or Currency)

If you (or anyone who can answer) are still monitoring this thread, can you give an example of which accounts you are using for:

  • Income Account

  • Expense Account

  • Price Difference Account

1 Comment
Xeata Management Inc., James White Canada
10/4/17, 9:33 AM

After a bit of playing, I get it now: This is just an account that will track the difference inventory - purchase cost vs sales price. Not useful for someone simply tracking their own expenses and profitability, but useful for tracking inventory costs.

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