Thought exactly the same 😀 Regards, Michael
> Am 21.03.2018 um 10:27 schrieb Taher Alkhateeb <slidingfilame...@gmail.com>: > > Valuable info! seems like a glaring "must-go-to-the-manual" thing > >> On Wed, Mar 21, 2018 at 11:46 AM, Sharan Foga <sha...@apache.org> wrote: >> Hi James >> >> You don’t need to buy my book, to find out about this. :-) >> >> I’ve gone through the main process below with some links to the screens in >> our demo. >> So the main things you need are: >> >> Time Periods >> https://demo-stable.ofbiz.apache.org/accounting/control/TimePeriods?organizationPartyId=Company >> >> To make sure that your time periods (monthly ones are setup). The last time >> I checked OFBiz still needed the periods to be setup a bit like this >> >> Start Date 1 January 20XX End Date 1 February 20XX because the comparison >> for whether a transaction is within the range is a less than comparison. So >> setting the period end date to 31st January 20XX will miss the transactions >> for the 31st January. >> >> Make sure the period is active >> >> GL Account Type Defaults Account Mapping >> https://demo-stable.ofbiz.apache.org/accounting/control/GlAccountAssignment?organizationPartyId=Company >> >> You need a mapping to make sure that: >> - ‘Profit Loss ‘ GL account type is mapped to your account for Net Income >> - 'Retained Earnings' GL account type is mapped to your account for Retained >> Earnings >> >> Month End Closing >> https://demo-stable.ofbiz.apache.org/accounting/control/TimePeriods?organizationPartyId=Company >> >> To close the month simply close the time period and Period closing >> accounting transaction should automatically be created and posted (Do this >> in the company settings not at the global GL accounts level) >> >> Period Closing Accounting Transaction >> To find the Period Closing Transaction, go to >> >> https://demo-stable.ofbiz.apache.org/accounting/control/FindAcctgTrans >> >> Re-opening a Closed Period >> You used to be able to do this via the Edit Custom Time Period screen >> https://localhost:8443/accounting/control/updateCustomTimePeriod >> >> but that is no longer the case. >> >> The workaround is to edit Time Period entity record to make it active. There >> is a flag that indicates whether the period is active or not – just change >> it. >> https://demo-stable.ofbiz.apache.org/webtools/control/FindGeneric?entityName=CustomTimePeriod >> >> - Reverse the accounting transaction for the original period closing. (Just >> go into the original accounting transaction and use the Revert option) >> - Do your accounting adjustments >> - Close the period again >> >> I think that having the ability to re-open a closed Time Period is a >> something that is quite useful so would probably suggest that we look at >> re-implementing something that does this. >> >> I hope this helps and if anyone else has other ideas or suggestions then >> please feel free to add your feedback. >> >> Thanks >> Sharan >>> On 2018/03/20 13:17:56, <ja...@productive1.com> wrote: >>> >>> Can someone point me in the right direction for Month End Close >>> Accounting Procedures in Ofbiz. As well how to re-open a closed period? >>> >>> Thanks, >>> >>> James >>>
