Jacopo, According to our accountant you would want to do this (inline):
Jacopo Cappellato wrote:
I have a question about the GL account classes loaded with OFBiz seed data:
DEBIT
|___> NON_POSTING
|
|___> DISTRIBUTION
| |___> RETURN_OF_CAPITAL
| |
| |___> DIVIDEND
|
|___> ASSET
| |_________> LONGTERM_ASSET
| | |____> ACCUM_DEPRECIATION
| | |
| | |____> ACCUM_AMORTIZATION
| |
| |_________> CURRENT_ASSET
| |____> CASH_EQUIVALENT
| |
| |____> INVENTORY_ASSET
|
|___> EXPENSE
|_________> CASH_EXPENSE
| |____> INTEREST_EXPENSE
| |
| |____> COGS_EXPENSE
| |
| |____> SGA_EXPENSE
|
|_________> NON_CASH_EXPENSE
|____> DEPRECIATION
|
|____> AMORTIZATION
|
|____> INVENTORY_ADJUST
CREDIT
|___> REVENUE
|
|___> INCOME
| |_______> CASH_INCOME
| |
| |_______> NON_CASH_INCOME
|
|___> EQUITY
| |_________> OWNERS_EQUITY
| |
| |_________> RETAINED_EARNINGS
|
|___> LIABILITY
|_________> CURRENT_LIABILITY
|
|_________> LONGTERM_LIABILITY
|___> CONTRA-ASSET
|_________> CURRENT_ASSET
|
|_________> LONGTERM_ASSET
RESOURCE
Depreciation should go in the contra-asset accounts. So, you take a bean out of the asset bowl and put it in the contra-asset bowl.
-Adrian
