Hi Sumit Thanks for your reply and your work on accounting! It sounds good - I'll take a look on the online demo. I assume this is in the trunk and not 9.04.
One comment though - you seem to be describing bank statement reconciliation here and not a generic chart of account reconciliation. What I mean here is that you may want to reconcile your inventory account or perhaps some form of clearing account account etc. Some of these transactions are driven off bank account transactions but not all of them. Although I used a 'bank statement' as an example in my email the reconciliation process should be pretty generic for any type account in the chart of accounts. Anyway - I'm keen to take a look and understand what you've done and see how this reconciliation process will work. I'll then update the online documentation to reflect it. Thanks Sharan Sumit Pandit-3 wrote: > > Hello sharan, > > Please find comments inline - > On Jul 30, 2009, at 7:45 AM, Sharan-F wrote: > >> >> Hi >> >> I've done some work on documenting the OFBiz accounting >> functionality and >> yes it does post unreconciled transactions. > Thanks for the documentation, Please provide link to it, I'll bookmark > it for future reference. > >> Whether you allow the system to do this is dependent on what business >> process you want to implement. Some businesses will do their >> reconciliations >> on posted transactions and then do any resulting reversals or >> adjustments, >> others may want to reconcile the transactions before they post. I've >> seen it >> done both of these ways. >> >> I think the question to ask is which way does your business do it >> now? (And >> do they want to keep doing it in the future?) >> >> From what I've seen of the account reconciliation functionality in >> OFBiz I >> personally would say that it's not complete. For example it doesnt >> show >> whether its a debit or credit transaction or if the amount to be >> reconciled >> is increasing or reducing the balance in account. It also does not >> 'carry >> forward' any balance of a previous reconciliation done on an account. >> I like to think of account reconciliation like a bank statement that >> you >> receive each month. It has an opening balance that should be the >> same as the >> closing balance of your previous statement. It then shows each >> transaction >> as a positive or a negative with a resulting balance on each line >> and a >> final closing balance (that will be the start of your next statement). > > > Here is little description of Reconciliation Process - > When we receive/issue a SENT/RECEIVED payment (by Deposit / Withdraw) > ( > https://localhost:8443/accounting/control/FindPaymentsForDepositOrWithdraw?finAccountId=9000&organizationPartyId=Company > > ) > then it will create an Financial Accounting Transaction in CREATED > status. (FinAccountTrans in created status means it will not update > the balance of your FinAccount). > Then from Bank Reconciliation screen under Transaction tab ( > https://localhost:8443/accounting/control/FindFinAccountTrans?finAccountId=9000 > > ), you can reconcile your transaction from bank statement. > ( > https://localhost:8443/accounting/control/BankReconciliation?finAccountId=9000&statusId=FINACT_TRNS_CREATED > > ) > On select your transaction and click on Reconciliation it will update > set the Fin Account Trans status to APPROVED that means your payment > is deposited/withdraw and it will reflect in your Fin Account balance. > > > Also just FYI to verify this process - I am looking for writing a > JUnit test case for the same process which will verify the FinAccount > balance before and after reconciliation. > > >> >> Not sure if this was the type of response you were looking for but >> hope it >> helps. >> >> Thanks >> Sharan >> >> >> snowch wrote: >>> >>> In r9.04 it is possible to post unreconciled transactions. The >>> transaction have to be reverted to be reconciled. Is this the >>> desired >>> functionality? >>> >> >> -- >> View this message in context: >> http://www.nabble.com/r9.04-posting-unreconciled-transactions.-tp24714238p24731123.html >> Sent from the OFBiz - User mailing list archive at Nabble.com. >> > > > -- View this message in context: http://www.nabble.com/r9.04-posting-unreconciled-transactions.-tp24714238p24733545.html Sent from the OFBiz - User mailing list archive at Nabble.com.
