Can use negative sign in debit of journal item?

Odoo is the world's easiest all-in-one management software.
It includes hundreds of business apps:

CRM
e-Commerce
Contabilitate
Inventar
PoS
Project
MRP

All apps

All Posts Oameni Insigne

Etichete (View all)

odoo accounting v14 pos v15

Despre acest forum

Suport

Can use negative sign in debit of journal item?

debit journal_item

2 Răspunsuri

11289 Vizualizări

Hasan

Dear all,

I m a newbie in odoo (accounting). In my case, there are negative sign (for example -1000) in my initial balance. How can i entry that negative initial balance?

Thanks.

Hasan

Autor

i mean negative value for debit. I m using odoo 11

Ray Carnes (ray)

Cel mai bun răspuns

All Journal Items need to be positive.

A negative initial balance may be a credit or debit, it depends on the type of account and the normal balance that account type has.

Normal balance of common accounts:

    Asset: Debit
    Bank and Cash: Debit
    Expense: Debit
    Income: Credit
    Liability: Credit
    Owner's Equity: Credit
    Payable: Debit
    Prepayments: Debit
    Receivable: Debit
    Retained Earnings: Credit

If an INCOME account has a negative initial balance, you would enter that as a positive DEBIT.

If an INCOME account has a positive initial balance, you would enter that as a positive CREDIT.

Hasan

Autor

Thanks Mr. Ray Carnes.

In our initial balance data, the depreciation assets have a negatif sign that placed in DEBIT. It's mean we have to move to CREDIT with positive value?

Ray Carnes (ray)

You should ask the person who made the spreadsheet. A negative DEBIT might be a credit, or it could just be the spreadsheet was exported from a report. On a Report - Accumulated Depreciation negatively affects the DEBIT balance of Assets being depreciated, so might be shown as negative. The meaning of a negative should always be confirmed with someone who knows that the data means.

James White

Thanks Ray! I was stuck with those negative earnings at year-end! (sigh, maybe next year I can buy that Porsche)

Enjoying the discussion? Don't just read, join in!

Create an account today to enjoy exclusive features and engage with our awesome community!

Înscrie-te

Related Posts	Răspunsuri	Vizualizări
Updating Journal Items Debit and Credit Rezolvat update write debit journal_entry journal_item	1 dec. 19	6200
How to make export analytic_distribution using display name instead in journal items? journal_item analyticdistribution	2 mar. 25	1095
Odoo 17 - Update Journal Items journal_item odoo17	2 iul. 24	86
Required Fields For Journal Entry journal_entry journal_item	0 nov. 23	1558
Inline editable treeview Rezolvat treeview journal_item	1 oct. 23	44636

Această întrebare a fost marcată

Enjoying the discussion? Don't just read, join in!