Community mailing list archives
Re: Creating Opening Entries in Odooby
Thanks for the reply, that is true that we shall use, only Balance Sheet Accounts in Opening Entry when we are closing the year and moving the entries to the next fiscal year. But here the case is bit different, we are in the same year and wanted to do the opening entries, so for that how should we approach that.
Devnani Bharat R.
On Wed, Mar 4, 2015 at 4:32 PM, Mustufa Rangwala <firstname.lastname@example.org> wrote:
Dear Bharat,To generate opening entries only Balance Sheet (Assets/Liability) account can be used. And yes Odoo will generate counter part entries against debit/credit amounts on opening income and expense account.You can visit: https://mustufa-odoo.odoo.com/blog/odoo-blogs-1/post/accounting-opening-entries-4 for some other details.Feel free to contact for any clarification.Regards,Mustufa RangwalaOn Wed, Mar 4, 2015 at 5:33 PM, Bharat Devnani <email@example.com> wrote:Dear Community Members,Hope you are doing good.Need you assistance to understand the concept of Creating Opening Entries in odoo.I have to create an Opening Entry for the account balances for current year only, so i should only include, Balance Sheet Accounts or all the accounts like P&L ? And i am trying with only Balance Sheet accounts, and both sides dr. and cr. tally, still it shows the balance in Opening Income and Opening Expense Account for that entry.Any help will be highly appreciated.Thanks & Regards,Devnani Bharat R.--Probuse Consulting Service Pvt. Ltd.Mustufa RangwalaManaging Director & CEOWebsite: www.probuse.comSkype: mustufa_probuseHangout: firstname.lastname@example.orgLinkedin: Mustufa_LinkedinFacebook: www.facebook.com/probusecsPhone: +91 9601119434
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