Here is the associated P/L sheet. As you can see, all signs have been removed and the Expense of -50 (minus 50) is now DEDUCTED from the Sales Revenue, yielding a Net Profit of 950. This is INCORRECT.
I hope everyone understands that negative expenses have to be ADDED to other revenues. jlinkels -- You received this bug notification because you are a member of OpenERP Indian Team, which is subscribed to OpenERP Addons. https://bugs.launchpad.net/bugs/930739 Title: Negative value on Expense acct is deducted from Profit Status in OpenERP Addons (modules): Incomplete Bug description: OpenERP server 6.0.3 Install a new database, install only accounting, demo data and generic accounting scheme. Create an account "223000 Foreign Exchange losses" as Expense. Parent is 22 Expenses. Create a custome invoice and sell a service for $1000,- Including taxes t he invoice amount is $1150,- When receiving the payment, receive $1200,- and use reconciliation with Write-Off. Use "223000 Foreign Exchange losses" as Write-off acct. Complete the payment. Check the G/L on these accounts. 200000 Product sales is $1000,- 223000 Foreign Exchange losses is -$50,- (minus $50) Create the P/L sheet. Net profit shows up as $1000 - $50 = $950 Create the Balance sheet. The Balance shows $1200 on the asset side and $1100 on the liability side A negative expense is a gain The negative expense should have been added to the Revenues not subtracted. The Balance sheet should not have displayed an unequal result. The discussion whether or not an amount on the P/L sheet is allowed to be negative is moot. In a system with hundreds of entries, it would be impossible to find out why net profit is unequal to Revenues minus Expenses. If a negative balance is not acceptable, an notification should be generated jlinkels To manage notifications about this bug go to: https://bugs.launchpad.net/openobject-addons/+bug/930739/+subscriptions _______________________________________________ Mailing list: https://launchpad.net/~openerp-india Post to : [email protected] Unsubscribe : https://launchpad.net/~openerp-india More help : https://help.launchpad.net/ListHelp
