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Thanks Emiliyan for your response.
I belive that anglo-saxon model is quite different. In aglo-saxon the 'Stock Receive' and 'Stock Delivery' are interim accounts that temporarily represent the liability/asset amounts until the invoice is received/issued. Upon receiving purchase invoice or issuing sales invoice, counterpart entries are created. If I'm using anglo-saxon model, I'd put 'Stock Receive' under liabilities and and 'Stock Delivery' under assets as they represent a not yet invoiced item purchase/sales. That way, the chart of accounts accurately represents the financial position of the company by taking into account the not-yet-invoiced items. Also, I'd choose 'Balance' closing method. I cannot apply the same concept in the standard OpenERP perpetual valuation model. The Stock In/Out are not interim accounts. They are long term accounts that accumulate large amounts. Also, Uninvoiced purchases will show incorrect increase of assets. Regards, Mohammad Alhashash On 03-Dec-12 12:10 PM, Emiliyan Tanev wrote: From my point of view it depends. These movements from my point of perspective are mainly used for control purposes with anglo-saxon accounting module. f.e. Goods Received/Invoice receive and Good Send/Invoice send. |
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