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Re: Accounting Roadmap V9

by
bee Orchid Info. Tech. L.L.C.
- 10/10/2014 15:27:25

Chart of Accounts will created once in a company and this will be done after proper consultation not like other masters like partner or product.
CoA normally finalized by finance manager or auditor.  So parent can be optional and no need to make mandatory because by mistake it will not skip if company really required moreover any time parent can be changed.  So there is enough space for corrections.

Fakrudeen Abbaz
+ 971 55 66 77 001
Sent from Note III

On Oct 10, 2014 11:17 PM, "Ferdinand Gassauer" <ferdinand.gassauer@camptocamp.com> wrote:
On 2014-10-10 20:17, Fakrudeen Abbaz wrote:

parent accounts must be either optional or mandatory - except root account for a compayn.

if a company decides to use parent account structure it must be complete, you can not leave this to users / managers, they will forget if not enforced.

<blockquote cite="mid:017b01cfe4b5$e95f3ca0$bc1db5e0$@gmail.com" type="cite">

Hi All

Agree with Fabien

Parents (view) are optional for accounts.

PL and BS are normally preparing year end some companies monthly.

But Accountants & Auditors need Trial Balance with drilling facility.

For this purpose CoA tree view can be used with some modification, drill down to root level can be achieved.

 

Please see the sample chart of accounts hierarchy

https://docs.google.com/spreadsheets/d/1G1OM63QirNXLCo7hsyW2tKMDESeRxT0QaEvmZQDJBSc/edit?pli=1#gid=0

 

 

Thanks & Regards

 

Fakrudeen Abbaz (ACMA)

Management & ERP Consultant

 

Mob. : 00971 55 66 77 001

India  : 0091 9 44 777 0001

fakrudeenabbaz@gmail.com

Skype: fakrudeenabbaz

<img border=0 width=166 height=98 id="Picture_x0020_4" src="cid:image002.png@01CFE4D7.6E5A0A90" alt=800377.png>

 

From: Fabien Pinckaers [mailto:fp@odoo.com]
Sent: Friday, October 10, 2014 8:54 PM
To: Community
Subject: Re: Accounting Roadmap V9

 

> I think in accounting (pure accouting) a partent account IS a parent
> account that's it.

 

In pure accounting, accountants used to work in views like this:

 

http://powertoolssoftware.com/images/QB10-CompletedContractsP&L1col-AfterJE.gif

 

or this:

 

http://www.cloudaccountingcomparison.co.uk/wp-content/uploads/2012/01/Xero-Profit-Loss-e1329812505292.png

 

Not in tree views of the CoA.

 

IMHO the default way to check your financial status should be through
the P&L or BS, not the CoA. Currently in Odoo, everyone uses the CoA
because it's the only way to have balances on the screen. But this is
not the habit of "non odoo" accountants.

 

> In some countries you have even a close relation between the code and
> the parent child relation, you actual datamodel achieve such need
> __perfect__.
> 
> Why do you need remove it from the account itself and move to reports?
> 
> If you are so sure of this is the correct path... without develop it
> yet, can you explain how will be the new approach?
> 
> As I understand from SQL pov you will change:

 

No, we can use the Type field on accounts to create hierarchies or
define reports.

 

> Please dont try to convince us that the "usability " needs change the
> data model, with actual data model you can achieve perfect views and
> improve a lot the usabilitiy.

 

Usability is about what the accountant expect to see. An accountant
usually work in P&L or BS or other reports. Not in a tree view of accounts.

 

> Today: 1 method compute all the balance in the CoA.
> Tomorrow?.

 

Today: the balance grouped according to parents:
  - Class 1, Class 2, Account 12___, 13___, ...

 

Tomorrow, the balance grouped according to accountant expectations:
  - Income,
  - Expenses,
  - Gross Profit,
  - Net Profit, ...

 

Note that I am note against hierarchies. It's ok for me to keep a parent
relationship

 

I just think that accountant will work in the P&L or the BS instead of
the Chart of Accounts. So, the CoA is not useful anymore (and we still
have the Type field for the general ledger)

 

The default way to check your income and navigate through accounts
should be through the P&L, not the CoA.

 

It's ok for me to keep hierarchies but I am against having *mandatory*
hierarchies. I find these constraints not good:
- having a root node to define a chart of account (not logic for
  everyone)
- using hierarchies to structure reports (should be defined by type
  field)
- I have seen so much time an accountant on Odoo creating an account at
  the root level because they did not understood the Parent/Children
  concept. (which is an Odoo concept, not an accounting one) It has to
  work even without hierarchies.

 

 

 

-- 
Fabien Pinckaers
Odoo Founder

 

Phone: +32.81.81.37.00
Web: https://www.odoo.com
Twitter: @fpodoo

 

Instant Demo: https://odoo.com/start

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