openerp-india team mailing list archive

[jlinkels <930283@xxxxxxxxxxxxxxxxxx>]

I know there will be no development or bug fixing in 6.0

However, in 6.1 it is still wrong.

The image you posted shows:

Liability -4000
Assets 4000

That is not a correct balance sheet. In a balance sheet, both Assets and
Liability should be equal. Furthermore, Net Profit has to be shown as a
positive amount on the Liabilities site, Net Loss as a positive amount
on the Assets side. It is necessary that negative signs are displayed,
but this must be according to the balance of the account, while also
considering the correct side of the balance sheet.

In 6.1 the P/L is not correct either.  There is also a sign problem. In
6.1 you can now select the sign for accounts on PL. However, with the
same sign selected, Income is negative (incorrect), while Revenues are
positive (correct). See this post in the forum:
http://www.openerp.com/forum/post101286.html#p101286

With all due respect, I would recommend the OpenERP development team to
pay more attention to the basic technical issues of accounting
reporting, not just the programming side. Both in 6.0 it was wrong, and
in 6.1 there was a lot of development, and it is still not correct.
Unfortunately, while a number of others and myself have tried to point
out omissions in accounting reporting, and tried to help by explaining
what was wrong, issues have been ignored or denied.

jlinkels

-- 
You received this bug notification because you are a member of OpenERP
Indian Team, which is subscribed to OpenERP Addons.
https://bugs.launchpad.net/bugs/930283

Title:
  Negative amount shown without sign on balance sheet

Status in OpenERP Addons (modules):
  Invalid

Bug description:
  OpenERP server 6.0.3
  GTK Client 6.0.3

  When an account balance is negative in the G/L, it is nevertheless
  shown without sign on the balance sheet.

  This yields the following weird situation.
  Start with a database without any booking entries and all accounts on 0
  Make this booking:

  110510 PL Bank 1000D
  110200 Debtors 1000C

  In the G/L this shows up as
  Debtors
  Debit 0
  Credit 1000
  Balance -1000

  PL Bank
  Debit 1000
  Credit 0
  Balance 1000

  On the balance sheet, this situation is now shown

  Assets
  PL Bank 1000
  Debtors 1000

  Balance 0

  Now, Balance 0 is correct.
  However, if you add all the amounts up you don't end op with 0

  True, balance accounts should not be negative. Before presenting the balance sheet the Debtors account should have been
  transferred to the Liability side.
  But while checking the balance it is weird to see that a negative account balance is presented positive.
  Without checking all accounts on the trial balance, it is impossible to find out where this goes wrong.

  jlinkels

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