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Re: Chart of Account structure & Financial year closing in Odoo 9

by
Janeesh
- 01/21/2016 08:52:15
@Ahmed Elsaka,

You are absolutely correct. I am also mainly dealing with customers in middle east. They are always taking reports for total of each view accounts (accountants says it as  control accounts). They have a clean structure for accounts.
I am here mentioning the structure with one of the customer.

​​
Account Code Account Name
A BALANCE SHEET
1 ASSET
11 CURRENT ASSETS
1110 CASH IN HAND (H.O)
1122 CASH AT BANKS
1132 ACCOUNTS RECEIVABLES
1133 OTHER RECEIVABLES
1134 STAFF IMPREST ACCOUNT
1135 BANK GURANTEE MARGINE
1141 INVENTORIES
1151 STAFF SALARIES ACCOUNT
11513 STAFF LOAN ACCOUNT
11514 STAFF ADVANCE HOUSE RENT ACCOUNT
11516 STAFF COMMISSION
11517 STAFF LOAN IMPRESS ACCOUNT
1152 DEPOSIT AND BANK MARGINS
1153 ADVANCES TO OTHERS
1180 INVESMENT A/C
12 FIXED ASSETS
1201 FIXED ASSETS
2 LIABILITIES
21 CURRENT LIABILITIES
2101 EXPENSES PAYABLE
2102 PROVISION FOR STAFF GRATUITY
2104 PROVISION PURCHASE ACCOUNT
2136 TRADE CREDITORS
2137 OTHER PAYABLES
2201 LONG TERM LIABILITIES
2202 BANK LOAN ACCOUNT
2211 DR. M. IBRAHIM ACCOUNT
3 CAPITAL
30 PAID IN CAPITAL
3000 PAID UP CAPITAL
31 PROFIT & LOSS ACCOUNTS
3100 PROFIT & LOSS ACCOUNTS
32 CAPITAL INVESTMENT
3200 CAPITAL INVESTMENT
33 RESERVE ACCOUNT
3300 RESERVE ACCOUNT
B PROFIT AND LOSS
4 REVENUE
41 SALES AND OTHER INCOME
4110 SALES - EQUIPMENTS & SERVICES
4123 SERVICES INCOME
4130 COMMISSION INCOME GEN A/C
4141 OTHER INCOMES
5 EXPENSE
52 ADMINISTRATIVE SELLING AND FINANCIAL
5211 ADM DIVISION EXPENSES A/C
5220 SELLING EXPENSES GEN A/C
5233 FINANCIAL EXPENSES
54 COST OF GOODS SOLD
540 PURCHASES
5481 OTHER DIRECT PURCHASE EXPENSES



Regards
Janeesh

On Thu, Jan 21, 2016 at 4:16 PM, Mustafa Sarkazi <sarkazimustafa@gmail.com> wrote:
Agree with Ahmed as Software can change, but end user does not want to change mindset each time.
Like, we do not switch easily between Android phone and iOS so easily.

--

Best Regards,

Mustafa Sarkazi
Technology Consultant

On Thu, Jan 21, 2016 at 6:39 PM, Ahmed Elsaka <eng.elsaka09@gmail.com> wrote:
@Kalpana,

we are talking from accountant view (users) not software view, for example in middel east, I'm sure that no one will accept the concept,
as they have sold concept that they have to create parent account to be the sum of the child accounts.

Really it's issue,

Regards,
Ahmed Elsaka
00201006243796

On Thu, Jan 21, 2016 at 2:42 PM, Kalpana Hemnani <kalpana.hemnani@drishtigroup.com> wrote:
Hello Janeesh,

This change was made for these reasons: (a) to enable to chart to be displayed in a dynamic report instead of the tree view, allowing smart filters and comparisons; (b) to simplify the concepts needed when setting up accounts. Odoo has seen many examples of databases setup incorrectly - without parents. Users also didn't understand Root View. Additionally, other Accounting systems don't use this same concept; (c) Because filtering for a class of accounts, or a search, is quicker than expanding and navigating the tree. Optional TAGS have taken the place of Parents, and the way to browse them is now via the interactive reports.


Thanks,
Kalpana Hemnani

Thanks and Regards,
Kalpana Hemnani
Team Leader
Drishti Group
Mobile : +91 7405477141
Skype : kalpana.drishti

On 21 January 2016 at 14:47, Ahmed Elsaka <eng.elsaka09@gmail.com> wrote:
it's really big issue, as we can't change accountant mind regarding this point.

Regards,
Ahmed

On Wed, Jan 20, 2016 at 1:16 PM, Janeesh Alayi <nbrjaneesh@gmail.com> wrote:
Hello Community,

Why there is no parent-child relation in accounting?

Every customers are supposed to take summary and detailed report of Trial Balance. With the tree structure of chart of account it was easy to make these reports. There is one customer using OpenERP version 7. Now they needs to change to Odoo 9. But accounting seems totally changed. Main concern is regarding account structure and Closing and Opening of year.

Can anybody give a suggestion?


Regards
Janeesh

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Thanks

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