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Re: US Chart of accounts Advice

by
Ermin Trevisan
- 03/31/2016 00:48:53
If you have Analytic Accounting, keep your Chart of Accounts as simple
as possible (just the legal requirements and business requirements such
as currencies etc.).
The chart of accounts should not be (mis)used as a replacement for
reports and analytics for reasons of adaptability and flexibility in the
longterm.
Take one of my notorious maxims ;-) "Accounting is only for the tax
authority."

In Switzerland for example this would be 6400:

*Major Account*
6 = Expenses
*Cost Account*
400 = Energy and Waste Clean-up

Anything else should be a real Cost/Profit center in Analytical Accounting.


On 30.03.2016 22:12, John Pia Jr wrote:
> All,
> 
> I am seeking some advice as to how to setup my chart of accounts to best
> work with Odoo.
> 
> Right now our account code structure represents the *Major
> Account*, *Cost Account*, and *Cost Center*
> 
> Example
> 
> 100-0025-100
> 
> WHERE:
> 
> *Major Account*
> 100 = Expenses
> 
> *Cost Account*
> 2500 = Electrical
> 
> *Cost Center*
> 100 = LocationA
> 
> I was thinking that it would be a good idea to separate COST CENTER from
> the MajorAccount-Account,
> 
> But I wanted to get some insight from those who have experience in
> setting up a US chart of accounts in Odoo.
> 
> If anyone can share there knowledge here it would be greatly appreciated 
> 
> -- 
> *
> *John Pia Jr*
> *South Mill Mushroom Sales Inc. | **Kaolin Mushroom Farms Inc.*
> Office: (610) 444-4800 * [x242]* | Mobile: (610)
> 470-5163  |* South Mill Online!
> *
> *
> *
> *
>   *
>   mushroom farms%2Cidx%3A1-1-1>  
> *
> *
> *
> 
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-- 
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Ermin Trevisan
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