Thank you Adrian, your comment has really helped me. I have implemented a slightly different solution in rev. 898710
Kind regards, Jacopo On Jan 12, 2010, at 6:52 PM, Adrian Crum wrote: > 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
