Re: [Openerp-expert-accounting] anglo-saxon stock accounting in v6

Vadim Chobanu Wed, 26 Oct 2011 03:02:07 -0700

Yes, I agree that module is redundant now with v6. And even if it was still needed the naming (Anglo-Saxon Accounting) is misleading – most modern books on accounting would refer this as Prescriptive (France etc) or Descriptive accounting (UK etc).

Prescriptive accounting stock rules: Some countries ( Madagascar for one i have seen this summer) have in their fiscal legislation that stock purchases should show as a purchase that is to hit the PNL and then do the stock variation at the month end or realtime if the system allows) Probably this is the same for France as this is where most of Madagascar laws are derived from.

Descriptive accounting: No-one is prescribing your COA or through what account you record you moves as long as your statements represent a true and fair view. So conventionally in the UK we do record the stock purchase directly on the balance sheet in the stock account and then when you sell goods, you will do the CR stock, DR COS

For this matter, in OpenERP, a correctly configured product can post the correct journal entries using both principles – prescriptive or descriptive and you don’t need the anglo-saxon module for that – it is just introducing confusion.

Regards,

Vadim Chobanu
M: +44 7939230959

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From: openerp-expert-accounting-bounces+vadim=smartmode.co...@lists.launchpad.net [mailto:openerp-expert-accounting-bounces+vadim=smartmode.co...@lists.launchpad.net] On Behalf Of Frédéric Clementi
Sent: 26 October 2011 10:34
To: [email protected]
Subject: [Openerp-expert-accounting] anglo-saxon stock accounting in v6

Hello,

We are testing the anglo-saxon stock accounting entries in v6 with the dedicated module.

First feeling, it is impossible to get correct entries.See below :

Flow :
Puchases of 1 CPU1 at 120
Sales of 1 CPU1 at 190
CPU1 std cost 100

Event	account_id	journal_id	debit	credit
Sales invoice	DEBTORS	Sales Journal	190
	EXPENSES	Sales Journal	100		???
	COGS	Sales Journal		100	???
	SALES	Sales Journal		190

stock out	INVENTORY	Stock Journal		100
	COGS	Stock Journal	100

Purchases invoice	CREDITORS	Expenses Journal		130
	PRICE VARIANCE (Purchase Price – Std Price)	Expenses Journal	30
	GRNI	Expenses Journal	100

stock in	GRNI	Stock Journal		120	Valued at PO price ! Instead of Std price
	INVENTORY	Stock Journal	120

Does anyone knows about this issue ?

- Stock in entry is valuated at PO price....which is wrong

- I do not understand what the module anglo saxon accounting modify the sales invoices entry

- There is a name mix-up in the account properties : stock variation is in fact the inventory and stock is teh stock valuation...

Many thanks for you help

Frédéric CLEMENTI
Business Solutions
Camptocamp SA
Tel : + 41 (0)21 619 1041

http://www.camptocamp.com

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Re: [Openerp-expert-accounting] anglo-saxon stock accounting in v6

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