openerp-india team mailing list archive

[Emiliyan Tanev <em.tanev@xxxxxxxxx>]

Public bug reported:

Hello,

Currently I can do this with the Anglo-Saxon Accounting:


Currently when I make sale from Sales Management menu and set up in product categories:

1. Income account - Turnover
2. Expense account - Cost of Sales
3. Valuation input - Invent. control account
4. Valuation output - Inven control account

and check real-time valuation in products I could have these
transactions:

For example I am selling product for 20 EUR which cost 10 EUR

1. Sent goods to customer

Debit Inventory control account 10 EUR / Credit Stock Account EUR

2. Issue customer invoice

Debit Receivable accounts (customer)  20 EUR
Debit Cost of Sales 10 EUR
Credit Inventory control account 10 EUR
Credit income/sales account 20 EUR


After these transaction I will have direct Impact on Income Statements and Balance

Income Statement
Sales (Turnover) + 20 EUR
Cost of Sales - 10 EUR
Profit + 10 EUR

Balance
Goods/Stocks - 10 EUR
Receivable  + 20 EUR
-------------------
Profit + 10 EUR


So, can we do this for the Point of Sales also ?! Because, currently we
don't have any movement in inventory.

If we have same example with 20 eur sale /10 eur cost

POS entriess will be :

1.
Debit Receivables or Cash 20
Debit Cost of sales 10 EUR
Credit Stocks/Goods 10 EUR
Credit income/sales account 20 EUR


2. If Receivables is used
Debit Cash 20 
Credit Receivables 20


-------------------

Currently the POS entries are:

1.
Debit Cash 20
Credit Receivables 20 EUR

2.
Debit Receivables 20 
Credit Sales 20

** Affects: openobject-addons
     Importance: Undecided
         Status: New

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Indian Team, which is subscribed to OpenERP Addons.
https://bugs.launchpad.net/bugs/1066915

Title:
  [trunk] 7.0 Wishlist - Anglo-Saxon Accounting with Point of Sale

Status in OpenERP Addons (modules):
  New

Bug description:
  Hello,

  Currently I can do this with the Anglo-Saxon Accounting:

  
  Currently when I make sale from Sales Management menu and set up in product categories:

  1. Income account - Turnover
  2. Expense account - Cost of Sales
  3. Valuation input - Invent. control account
  4. Valuation output - Inven control account

  and check real-time valuation in products I could have these
  transactions:

  For example I am selling product for 20 EUR which cost 10 EUR

  1. Sent goods to customer

  Debit Inventory control account 10 EUR / Credit Stock Account EUR

  2. Issue customer invoice

  Debit Receivable accounts (customer)  20 EUR
  Debit Cost of Sales 10 EUR
  Credit Inventory control account 10 EUR
  Credit income/sales account 20 EUR

  
  After these transaction I will have direct Impact on Income Statements and Balance

  Income Statement
  Sales (Turnover) + 20 EUR
  Cost of Sales - 10 EUR
  Profit + 10 EUR

  Balance
  Goods/Stocks - 10 EUR
  Receivable  + 20 EUR
  -------------------
  Profit + 10 EUR


  
  So, can we do this for the Point of Sales also ?! Because, currently we don't have any movement in inventory.

  If we have same example with 20 eur sale /10 eur cost

  POS entriess will be :

  1.
  Debit Receivables or Cash 20
  Debit Cost of sales 10 EUR
  Credit Stocks/Goods 10 EUR
  Credit income/sales account 20 EUR

  
  2. If Receivables is used
  Debit Cash 20 
  Credit Receivables 20


  
  -------------------

  Currently the POS entries are:

  1.
  Debit Cash 20
  Credit Receivables 20 EUR

  2.
  Debit Receivables 20 
  Credit Sales 20

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