openerp-expert-accounting team mailing list archive

[Samuel Mukoti <sam@xxxxxxxxxx>]

Does anyone know if any work has been done to resolve this in 6.1?  It
sounds like its not wise to implement the anglo-saxon module until its
deemed stable.  Problem, this makes OpenERP unusable in this part of the
world.

Regards

Samuel Mukoti

On Wed, Oct 26, 2011 at 12:28 PM, Michael <michael@xxxxxxxxxxxxxxxxxxxx>wrote:

> I believe Anglo-saxon module is imperative to realtime inventory costing
> around the world.
> The problem though is the anglo-saxon module has bugs for standard and for
> average costing, and does not do the correct journals in several senarios.
> I have not heard of Prescriptive or Descriptive accounting, but use the
> nearly globally accepted IFRS and the older GAAP standards.
> Read this link
> http://feedback.openerp.com/forums/77459-general-improvements/suggestions/1944011-make-openerp-inventory-valuation-ifrs-compliant
> Not only does the anglo-saxon module not work in multi-company but neither
> does it do the correct journals in a single environment.
> I agree that the field labels are confusing and also mixed up. The
> anglo-saxon module needs some serious work.
> Hope this helps.
> Let me know if you are able to solve the issues with anglo-saxon.
> kind regards,
> Michael
> openrevolution.co.za
>
>
>
>
> On Wed, Oct 26, 2011 at 12:01 PM, Vadim Chobanu <vadim@xxxxxxxxxxxxxxx>wrote:
>
>> Yes, I agree that module is redundant now with v6. And even if it was
>> still needed the naming (Anglo-Saxon Accounting) is misleading – most modern
>> books on accounting would refer this as  Prescriptive (France etc)  or
>> Descriptive accounting (UK etc).****
>>
>> ** **
>>
>> Prescriptive accounting stock rules: Some countries ( Madagascar for one i
>> have seen this summer) have in their fiscal legislation that stock purchases
>> should show as a purchase that is to hit the PNL and then do the stock
>> variation at the month end or realtime if the system allows) Probably this
>> is the same for France as this is where most of Madagascar laws are derived
>> from.****
>>
>> Descriptive accounting: No-one is prescribing your COA or through what
>> account you record you moves as long as your statements represent a true and
>> fair view. So conventionally in the UK we do record the stock purchase
>> directly on the balance sheet in the stock account and then when you sell
>> goods, you will do the CR stock, DR COS****
>>
>> ** **
>>
>> For this matter, in OpenERP, a correctly configured product can post the
>> correct journal entries using both principles – prescriptive or descriptive
>> and you don’t need the anglo-saxon module for that – it is just introducing
>> confusion.****
>>
>> ** **
>>
>> ** **
>>
>> Regards,****
>>
>> ** **
>>
>> Vadim Chobanu
>> M: +44 7939230959****
>>
>> ** **
>>
>> ** **
>>
>> [image: logo_email]****
>>
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>> ** **
>>
>> ** **
>>
>> ** **
>>
>> *From:* openerp-expert-accounting-bounces+vadim=
>> smartmode.co.uk@xxxxxxxxxxxxxxxxxxx [mailto:
>> openerp-expert-accounting-bounces+vadim=
>> smartmode.co.uk@xxxxxxxxxxxxxxxxxxx] *On Behalf Of *Frédéric Clementi
>> *Sent:* 26 October 2011 10:34
>> *To:* openerp-expert-accounting@xxxxxxxxxxxxxxxxxxx
>> *Subject:* [Openerp-expert-accounting] anglo-saxon stock accounting in v6
>> ****
>>
>> ** **
>>
>> Hello,****
>>
>> ** **
>>
>> We are testing the anglo-saxon stock accounting entries in v6 with the
>> dedicated module.****
>>
>> ** **
>>
>> First feeling, it is impossible to get correct entries.See below :****
>>
>> ** **
>>
>> ** **
>>
>> ** **
>>
>> *Flow :*****
>>
>> Puchases of 1 CPU1 at 120****
>>
>> Sales of 1 CPU1 at 190****
>>
>> CPU1 std cost 100****
>>
>> *Event*****
>>
>> *account_id*****
>>
>> *journal_id*****
>>
>> *debit*****
>>
>> *credit*****
>>
>> Sales invoice****
>>
>> DEBTORS****
>>
>> Sales Journal****
>>
>> 190****
>>
>> EXPENSES****
>>
>> Sales Journal****
>>
>> 100****
>>
>> ???****
>>
>> COGS****
>>
>> Sales Journal****
>>
>> 100****
>>
>> ???****
>>
>> SALES****
>>
>> Sales Journal****
>>
>> 190****
>>
>> stock out****
>>
>> INVENTORY****
>>
>> Stock Journal****
>>
>> 100****
>>
>> COGS****
>>
>> Stock Journal****
>>
>> 100****
>>
>> Purchases invoice****
>>
>> CREDITORS****
>>
>> Expenses Journal****
>>
>> 130****
>>
>> PRICE VARIANCE (Purchase Price – Std Price)****
>>
>> Expenses Journal****
>>
>> 30****
>>
>> GRNI****
>>
>> Expenses Journal****
>>
>> 100****
>>
>> stock in****
>>
>> GRNI****
>>
>> Stock Journal****
>>
>> 120****
>>
>> Valued at PO price ! Instead of Std price****
>>
>> INVENTORY****
>>
>> Stock Journal****
>>
>> 120****
>>
>> Does anyone knows about this issue ?****
>>
>> - Stock in entry is valuated at PO price....which is wrong ****
>>
>> ** **
>>
>> ** **
>>
>> - I do not understand what the module anglo saxon accounting modify the sales invoices entry****
>>
>> - There is a name mix-up in the account properties : stock variation is in fact the inventory and stock is teh stock valuation...****
>>
>> Many thanks for you help****
>>
>> ** **
>>
>> Frédéric CLEMENTI
>> Business Solutions
>> Camptocamp SA
>> Tel : + 41 (0)21 619 1041
>>
>>
>> ****
>>
>> ** **
>>
>> http://www.camptocamp.com
>>
>>
>> ****
>>
>>
>>  <frederic.clementi@xxxxxxxxxxxxxx>****
>>
>> ** **
>>
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