Negative value on Expense acct is deducted from Profit
Affects | Status | Importance | Assigned to | Milestone | |
---|---|---|---|---|---|
Odoo Addons (MOVED TO GITHUB) |
Invalid
|
Medium
|
OpenERP R&D Addons Team 3 |
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
Related branches
Changed in openobject-addons: | |
status: | Invalid → Incomplete |
in some localizations the type of account is wrong. in the french chart of account tax account have bad user type so they are displayed at a wrong place in the BS by account. financial. report