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Account Balance Carry Forward

by ,
Odoo

$ 115.49

v 10.0 v 11.0 v 12.0 Third Party 6
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Odoo Apps Dependencies • Invoicing (account)
• Discuss (mail)
Lines of code 589
Technical Name to_account_balance_carry_forward
LicenseOPL-1
Websitehttps://viindoo.com
Versions 10.0 11.0 12.0 13.0 14.0 15.0
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The problems

During closing periods (e.g. end of a fiscal year), reset account balance (carry the balance forward to the next period) for some accounts is a really heavy job. To get it done, accountants would need:

  • To have good knowledge of their country's accounting standards on which accounts to be reset
  • Calculate balance of the required accounts at the time of closing period. This also brings heavy workload to accountants and may get trouble by human errors

What this application does

  1. Accounting Advisor / Manager can define account balance carry forward rules. For example,
    • 521 -> 511
    • 511 -> 911
    • etc
  2. Accountant can create a carry forward document which will automatically
    • load all the applicable rules
    • calculate the balance of all the source accounts, which will be carried forward to the next period for reviews
  3. Upon validation of the document, Odoo will create accounting entries for each rule. It also respect the cummulative balance by ordering. For example,
    • Balance of the account 521: 100
    • Balance of the account 511: 550
    • The rules:
      • 521 -> 511
      • 511 -> 911
    • The result:
      • The First journal entry:
        • Debit 100 on 511
        • Credit 100 on 521
      • The Second journal entry:
        • Debit 450 (as the resul of 550-100) on 511
        • Credit 450 on 911

Editions Supported

  1. Community Edition
  2. Enterprise Edition
Odoo Proprietary License v1.0

This software and associated files (the "Software") may only be used (executed,
modified, executed after modifications) if you have purchased a valid license
from the authors, typically via Odoo Apps, or if you have received a written
agreement from the authors of the Software (see the COPYRIGHT file).

You may develop Odoo modules that use the Software as a library (typically
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compatible with the terms of the Odoo Proprietary License (For example:
LGPL, MIT, or proprietary licenses similar to this one).

It is forbidden to publish, distribute, sublicense, or sell copies of the Software
or modified copies of the Software.

The above copyright notice and this permission notice must be included in all
copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.
IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM,
DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE,
ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER
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