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What is the purpose of the "Price Difference Account" ? (PPV)

By
Geoff Kimpton
on 8/24/15, 4:08 PM 2,148 views

In V8, Sales > Products > Accounting

What is the purpose of "price difference account"?

Logically, it would be gross profit but that is a basic function of accounts software which suggests that it is more or at least different in some way?

No mention of it in documentation, this forum or a Udemy course I purchased (which seems to be for an older version of Odoo!)

0
Geoff Kimpton
On 8/26/15, 7:33 AM

It seems that this may be a feature which would be unneccisary for my sole trader business.

So, the remaining question is can I leave the "price difference account" field blank or would this cause other problems?

0

Ray Carnes

--Ray Carnes--
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--Ray Carnes--

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Ray Carnes
On 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.

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Asked: 8/24/15, 4:08 PM
Seen: 2148 times
Last updated: 8/26/15, 7:33 AM