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RE: Inconsistency in Account Balance when creating Opening Entries and closing the fiscal year

by
Jo
- 05/04/2015 04:58:34

Dear Bharat Devnani,

 

If you do have a difference between the closing and opening balance, please look also to the other G/L accounts.

 

If there is difference in the Current asses, you also had to find a difference on another balance account.

Because the balance is always in balance.

 

(You can have an unbalance if the G/L accounts are not linked to the account type. The way Odoo is working)

 

Best regards,

 

Johan Bosma

Senior Financial Consultant,

 

Onestein B.V.

 

Van: Bharat Devnani [mailto:devnanibharatr@gmail.com]
Verzonden: zaterdag 2 mei 2015 8:03
Aan: Community
Onderwerp: Re: Inconsistency in Account Balance when creating Opening Entries and closing the fiscal year

 

Dear Adlibitom,

 

Say we have one account named Current Assets and the closing balance is $1000 as of 2014 and we created 

Opening Entry for year 2015 after closing the year 2014. But in Opening Entry the balance for account Current Assets 

is different lets say $950 which is incorrect (Closing Balance = Opening Balance). 

 

Now, I tried to modify the entry through unreconciliation process, but the system doesn't allow, and shows the constraint 

that the entry cannot be modified as this is created through Opening / Closing process. Even though i cannot regenerate the entry 

becuase we have closed the fiscal year i.e 2014.

 

So, i am seeking suggestion from experts how to tackle this situation. 

 

If any concerns, in understanding the use case, kindly let me know.

 

Thanks & Regards,

Devnani Bharat R.

 

On Thu, Apr 30, 2015 at 5:17 PM, Adlibitom <ad.libitom@laposte.net> wrote:

Please be more explicit on your use case; so that we can understand your issue.
Regards

Le 30/04/2015 10:38, Bharat Devnani a écrit :

<blockquote cite="mid:CA+CYr0YeBuo7iCwpTcD3zKx0TSFA69EVMqRQYmdbBdSv_X1vHg@mail.gmail.com" type="cite">

Dear Community Members,

 

Just want to point out the inconsistency we faced in Account Balance when creating Opening Entries for new fiscal year. Let me put through with the test case.

 

Say for example, we have one account which is of Assets type, the closing balance at the end of 2014 and the opening balance for the same account is different. 

 

Things I tried, to solve this.

1) Tried to cancel the Opening entry and try to modify, system shows that only non legal fields can be modified.

 

2) Tried to unreconcile the entry, the system says cannot unreconcile the entry which is created through opening/closing process.

 

Even though I cannot regenerate the entry, using Generate Opening Entry menu, as we have closed the 2014 fiscal year.

 

Kindly provide the solution to tackle this issue. Hope to hear from you soon.

 

Thanks & Regards,

Devnani Bharat R.

 

 

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