Odoo is the world's easiest all-in-one management software. It includes hundreds of business apps:
CRM | e-Commerce | Accounting | Inventory | PoS | Project management | MRP | etc.
When a product is SOLD, the accounting journal entry will use the INCOME ACCOUNT to record the transaction based on the sale price.
When a product is PURCHASED, the accounting journal entry will use the EXPENSE ACCOUNT to record the transaction based on the purchase price.
You can benefit from reviewing "OpenERP For Accounting & Financial Management" at http://ursainfosystems.com/homesite/wp-content/uploads/2013/07/openerp_for_accounting_and_financial_management_-_1.0.pdf
About This Community
This platform is for beginners and experts willing to share their Odoo knowledge. It's not a forum to discuss ideas, but a knowledge base of questions and their answers.Register
Odoo Training Center
Access to our E-learning platform and experience all Odoo Apps through learning videos, exercises and Quizz.Test it now
|Asked: 6/24/14, 3:55 PM|
|Seen: 866 times|
|Last updated: 3/16/15, 8:10 AM|