openerp-india team mailing list archive

[jlinkels <930739@xxxxxxxxxxxxxxxxxx>]

What is the "Report Type" of a bank account? I have "Internal Type" and
"Account Type".

Account type is set to "Asset" for all bank accounts.

I have changed the internal type for "Bank Accounts" from "liquidity" to
"regular" and that doesn't make any difference.

Please see the two printouts as attached. Note also that Exchange Losses is NEGATIVE although that is not displayed.
Net profit is 950 instead of 1050 and the Balance sheet is off-balance

jlinkels

** Attachment added: "P/L report"
   https://bugs.launchpad.net/openobject-addons/+bug/930739/+attachment/2753245/+files/openerp_fVJspl.pdf

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https://bugs.launchpad.net/bugs/930739

Title:
  Negative value on Expense acct is deducted from Profit

Status in OpenERP Addons (modules):
  Incomplete

Bug description:
  OpenERP server 6.0.3

  Install a new database, install only accounting, demo data and generic
  accounting scheme.

  Create an account "223000 Foreign Exchange losses" as Expense. Parent
  is 22 Expenses.

  Create a custome invoice and sell a service for $1000,-
  Including taxes t he invoice amount is $1150,-

  When receiving the payment, receive $1200,- and use reconciliation with Write-Off.
  Use "223000 Foreign Exchange losses" as Write-off acct.
  Complete the payment.

  Check the G/L on these accounts.
  200000 Product sales is $1000,-
  223000 Foreign Exchange losses is -$50,- (minus $50)

  Create the P/L sheet.
  Net profit shows up as $1000 - $50 = $950 
  Create the Balance sheet.
  The Balance shows $1200 on the asset side and $1100 on the liability side

  A negative expense is a gain
  The negative expense should have been added to the Revenues not subtracted.
  The Balance sheet should not have displayed an unequal result.

  The discussion whether or not an amount on the P/L sheet is allowed to be negative is moot. 
  In a system with hundreds of entries, it would be impossible to find out why net profit is unequal
  to Revenues minus Expenses. If a negative balance is not acceptable, an notification should be
  generated

  jlinkels

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