What is the difference between account and journal ?

Question

Hi Good day to all,
I am a newer in openERP, In Journal creation we can add more accounts or account types for entry controls, but i can't get the idea of accounts and journals, But i have an idea about ledgers and Journal entries in tally. so pls give me a suitable reply in a simple language, what is account and journal and in a customer payment, what is the purpose of journal , give me a simple example for the above, pls...

jamesbale · Accepted Answer

To understand difference take an example:
Account are like box of money and journal like a book. You transfer money from one box to other box and what you transfer do entry in journal.

ignacio@glodea.com · Answer

Whats happen if I have more than one Income Account?
1.0 Income
1.1 Products Sales Income
1.2 Services sales Income

Kevin McMenamin · Answer

An account is a value that enables like transactions to be aggregated - for4 example, sales is an account.
A journal is a way of flagging the type of transactions - for example, a sales journal versus a bank journal.
This way in your bank ACCOUNT you can see what transactions came from sales (as they were generated by a SALES JOURNAL) and those from bank.
In OpenERP the journal may set default entries (e.g. the bank journal sets the bank account to be used for the bank posting).

Related Posts	Răspunsuri	Vizualizări
Multi Company and account_id journal account multi	1 mar. 15	3996
Why note between invoice lines generates journal item? journal v7 account	0 mar. 15	3982
When we create the product as component to be used for assembly in manufacturing, is it ok to not add income and expense account? And We only add income and expense account to final products. account	0 mai 24	1180
Why are two payments generated when paying several Invoices with the Register Payment Wizard? account	2 mar. 24	2221
help: late payment surcharge field account	0 aug. 23	2323

Această întrebare a fost marcată

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