openerp-expert-accounting team mailing list archive

[Bogdan Stanciu <bogdanovidiu.stanciu@xxxxxxxxx>]

Frederic,

First, thank you for your answer! As your team builds the CH
localisation, it is important to have a view from "the source".

Now, I agree that closing P&L accounts can be very confusing! I indeed
ended up with empty reports. Unfortunately, as I mentioned already,
putting the entries in the 13th period didn't help. I filed a bug report
a few months ago, but I am afraid it was left unanswered.

The reporting in very "weak" still, but we should hope for better! What
I would like to have in the end is a way to compute these sums and write
the net result at YE, passing through 9xxx or not. I find it handy for
later reports (the 9xxx accounts), you have a figure ready for the
margins, but it's not that useful...

I have the feeling that from an accounting perspective, writing the
retained earnings on 01.01 is not a good practice. i might be wrong...

I will also have a look to Pexego's module, maybe it will shed some more
light on the solution. I see that at least US, ES, IT, and CH use
similar closing...


thank you,
Bogdan


On 11. 05. 11 08:45, Frédéric Clementi wrote:
> Hi Bogdan,
>
> OpenERP definitely generate an opening entry generating balances
> brought forward... and logically it has to be posted on the on the new
> fy 1st day.
>
> What is a bit confusing in the way openERP manage it, is that the
> closing entry is included in this opening entry. 
> In theory we should have, one entry balancing all P&L accounts to the
> P&L account (2990 in CH - through '9xxx accounts' if you like ) AND a
> 2nd step bring the balance forward to the new fy. But with the OpenERP
> CoA and financial reports...the first entry is useless because, when
> you check previous years financials in CoA, you don't want to see the
> figures after closing otherwise you see no figures in P&L
> accounts...hope this is clear
>
>
> Frédéric CLEMENTI
> Business Solutions
> Camptocamp SA
> Tel : + 41 (0)21 619 1041
> http://www.camptocamp.com
>
>
>
>  <mailto:frederic.clementi@xxxxxxxxxxxxxx>
>
>
>
> 2011/5/10 Bogdan Stanciu <bogdanovidiu.stanciu@xxxxxxxxx
> <mailto:bogdanovidiu.stanciu@xxxxxxxxx>>
>
>     hello everyone,
>
>     I have the feeling that one small area of the closing process is not
>     well covered.
>
>     There is a account (reserve_account_id or
>     property_reserve_and_surplus_account) in the COA. Actually only a few
>     COA have it pre-configured, but one can configure it in the company
>     view. It seems that nothing really uses it, but it is there. the B/S
>     report wizard has it too (with a wrong domain - bug #780598) but
>     again,
>     it does not seem to be used.
>
>     Now we use in Switzerland (not sure about all details, though) a YE
>     closing which consist in a few moves:
>
>     There is of course the BS closing/opening which transfers assets and
>     liabilities as needed (through acc 9100) which is covered by the
>     "Generate Opening Entries" wizard. we just need to set the
>     centralising
>     opening/closing journal with acc 9100 dr cr and everything is there (I
>     suppose:-))
>
>     1) all sales (acc 3xxx) go to acc 9000  (closing)
>     2) all COS (acc 4xxx) go to acc 9000
>     thus 9000 we would have the gross margin
>     3) then overheads would go to 9001  (closing)
>     if the case the extraordinary results go also on 9001 dr-cr
>     4) 9000 would go into 9001 therefore we get the net margin
>     5) 9001 will eventually go into 2991 (current year P/L - Eqty)
>
>     6) at the opening 2991 would be emptied into 2990, accumulated P/L
>     - Eqty.
>
>     I am kindly asking you for some feedback.
>
>     do you have similar entries in your country?
>     if yes, how do you deal with them?
>
>     i plan to make some kind of module of improvement. actually, if
>     everyone
>     needs it, the "account" module could be ammended. if not, it should go
>     somehow under the localised devs, in my case l10_ch or even elsewhere.
>
>     i also have a few concrete questions:
>     - how would you write such entries? (1-6 above)
>     - the Swiss COA comes now configured with a opening period (00)
>     and the
>     12 months (01 to 12). i feel that these entries should be done on Dec
>     31st, not jan 1st (of the next year). is this important? I had used a
>     COA with a closing period (13 - 31.12 to 31.12) but the reports
>     did not
>     discriminate it from periods 01-12... any suggestion?
>
>     thank you very much!
>     Bogdan
>
>
>
>
>
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