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Why Openerp allowing to create genral entry eventhough the entry not balanced while generating opening entries?

By
samba
on 8/8/14, 2:33 AM 611 views

Go to Accounting -> periodic processing -> End of period -> Generate opening entries. when i generate opening entries with this menu two exrea accounts coming. Those are default credit and debit accounts of opening journal. I don't have that much knowledge on accounting system. Does this right way followed by openerp people?. So the general entry generating eventough the entry not balanced. In my point of view they are balncing the entry with default credit and debit acccounts of opening journal. I want to show pop up like normal journal entry when entry not balanced in opening entries generation also. What i have to do?
 

4

Janeesh

--Janeesh--
1641
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Cochin, India
--Janeesh--

Odoo Developer

Janeesh
On 8/12/14, 9:36 AM

Hi,

When we are generating opening entries for a new fiscal year, Revenue and Expense will be zero. These revenues and expenses in previous year are transferred into the default debit and credit account configured for the journal.

Thank you, Janeesh . I have to give "Revenue" account a debit account and "Expense" account as credit account for journal opening. Is it possible to show opening of particular account of a month in openerp?

samba
on 8/25/14, 5:14 AM

But these two accounts (Default credit and debit accounts of opening journal) Not getting effect if we add balance entry. I have little bit confusion with your answer. Please Give me some clarity on this issue. You said that "revenues and expenses in previous year are transferred into the default debit and credit account configured for the journal". Here i am considering the journal is "opening journal". If i add balance entry, default debit and credit accounts of opening journal not getting effect in the entry.

samba
on 9/1/14, 12:35 AM

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Asked: 8/8/14, 2:33 AM
Seen: 611 times
Last updated: 12/13/15, 4:45 AM