openerp-expert-accounting team mailing list archive

[Bogdan Stanciu <bogdanovidiu.stanciu@xxxxxxxxx>]

On 27. 04. 11 17:03, Fred Blauer wrote:
> Fixed Assets and inventory are treated differently from accounting point of view, and the entries are completely different. Inventory is for resale and fixed assets are not. There is a gain/loss on sale of fixed assets (based on depreciated cost) and not on inventory. Fixed assets are depreciated and inventory is not. Fixed assets are considered long term assets (more than 1 year), while inventory is short term, on the financial statements. Usually fixed assets are in a separate module, since they are treated completely differently than inventory, from an accounting point of view. 
I agree, this is why we build this module. however, a product is bought
the same way (same process). assigning it as an asset is a later task...