Why Does Odoo Journals Debit and Credit the same account?

Question

From my basic understanding of double entry accounting, I know that a journal should debit and credit different GL accounts.
But in odoo V12 *Journal configuration,* the *Bank Journal* for example uses the same GL account (Bank) as default Debit and Credit Account.
Could some one explain to me why it is so?
My expectation is that the Bank Journal should be configured to have *Bank *as default *Debit Account* and *a* *Receivable Account *as default* Credit Account.*
Could someone please explain?

Vishnu Vanneri · Accepted Answer

Hello,
As per your expectation as well while posting a bank payment Debit will be Bank and Credit will be Receivable.
But Odoo takes the Receivable account from Customer. and Debit from the Payment Journal.
When a payment return or reverse post occurs odoo uses the Credit Account of Bank Journal. That's Why it's assigns Same Account.
Still You can configure your own accounts , but it should be a valid configuration with respect to accounting standard.
Please reffer  https://www.odoo.com/document

Powiązane posty	Odpowiedzi	Widoki
Refund journal accounting journals	0 wrz 23	1607
What is Default Debit/Credit Account for Journals Rozwiązane accounting journals	1 lut 23	3975
Zero valued journal entries (V12)? Why accounting journals	0 lip 19	2652
Does Odoo force allways separate journal for Sales and Purchases? (beginners question) Rozwiązane accounting journals	1 sty 16	3686
Journal Transfert+ accounting journals	0 cze 15	2969

To pytanie dostało ostrzeżenie

Podoba Ci się ta dyskusja? Dołącz do niej!