This question has been flagged

Hello! I need some basic info for initial inventory in accounting with real-time inventory valuation. My problem is...

I have 1000.  == Initial Capital

Stock in Hand 1500 == Initial Stock

Payable amount  == 1500

Now how can I post these entries properly in odoo default accounts (generic accounts) 

If I set product stock input, output and valuation accounts as (Stock Interim Account (Received), Stock Interim Account (Delivered), Stock Valuation Account) and then record initial inventory.

These accounting entries generated in my charts of accounts.

Stock Interim Account (Received) Credited = 1500

Stock Valuation Account Debited = 1500

Balance for asset become = Zero

Please help me to post proper entries, including stock value, payable, and cash. I have no country-specific accounts installed, instead, I have Odoo's generic accounts.

Avatar
Discard