Account Counterparts

by
Odoo          
v 10.0 v 11.0 v 12.0 Third Party 4

99.90 €

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Technical name to_account_counterpart
LicenseOPL-1
Websitehttps://www.tvtmarine.com
Read description for v 11.0 v 10.0
Required Apps Invoicing (account)

The Problem

In Odoo, a journal entry may contain multiple debit journal items and credit journal items. However, there is no way for us to identify the countered line(s) of a line and its countered account(s) which may causes some troubles when:

  • making reports that require showing up counterparts and countered accounts of a transaction
  • identifying types of business transactions. For example, accroding to Vietnam Accounting Standards, revenues from both loan interests and exchange rate profit are also encoded into the account 515. It is impossible to build Cash Flow Statement while it requires to separate those revenues.

Features at a glance

ID Account Countered Accounts Debit Credit Countered Journal Items
1 131 5111, 5113 150 0 [2], [3]
2 5111 131 0 100 [1]
3 5113 131   50 [1]

Features in Details

Journal Items

The following key stored and computed fields have been added into the Journal Item model (account.move.line):

  • Countered Journal Items: the journal items that are counterparts of the current journal item.
  • Countered Accounts: the accounts that are counterparts of the account of the current item.
  • Countered Amount: The matched amount that has been set as countered amount for this journal item.
  • Countered Status: A technical field to indicate that the journal item has either countered fully or partially or not-yet-countered.

Journal Entries

The following key stored and computed fields has been added into the Journal Entry model (account.move):

  • Countered Status: A technical field to indicate that the journal entry has either countered fully or partially or not-yet-countered.

Wizards

  • Counterparts Generator is a wizard to allow accounting manager to either generate missing counterparts for account journal items or regenerate counterparts for all the existing items. It also allow you to limit the number of entries during generation by select one or more journals

Journal Item Counterparts

A new technical model named 'Journal Item Counterpart' (account.move.line.ctp) is created to map a credit journal item with a debit journal item which has the following key fields:

  • dr_aml_id: The debit journal item (also known as 'account move line')
  • cr_aml_id: The credit journal item
  • countered_amt: the amount that match the counterpart operation of the two journal items above mention

When a counterpart operation is carried out, a new record of the model Journal Item Counterpart will be created to map a credit journal item with a debit journal item to indicate that the later journal item is a counterpart with a countered amount.

Some Use Cases for Proof of Concepts

  • Entry with One single debit item and One single credit item
    • Entry:
      • [1] Debit 131 (Customer Receivable): $100
      • [2] Credit 511 (Sales Revenue): $100
    • Counterpart Mapping:
      • Debit Line: [1]
      • Credit Line: [2]
      • Countered Amount: $100
    • List view demostration:
      ID Account Countered Accounts Debit Credit Countered Journal Items
      1 131 511 100 0 [2]
      2 511 131 0 100 [1]
  • Entry with One single debit item and Multiple credit items
    • Entry:
      • [1] Debit 131 (Customer Receivable): $150
      • [2] Credit 5111 (Goods Sales Revenue): $100
      • [3] Credit 5113 (Service Sales Revenue): $50
    • Counterpart Mapping:
      • 1st Counterpart:
        • Debit Line: [1]
        • Credit Line: [2]
        • Countered Amount: $100
      • 2nd Counterpart:
        • Debit Line: [1]
        • Credit Line: [3]
        • Countered Amount: $50
    • List view demonstration
      ID Account Countered Accounts Debit Credit Countered Journal Items
      1 131 5111, 5113 150 0 [2], [3]
      2 5111 131 0 100 [1]
      3 5113 131   50 [1]
  • Entry with Multipe debit items and Multiple credit items
    • Entry:
      • [1] Debit 1311 (Customer Receivable): $120
      • [2] Debit 1312 (Customer Receivable): $30
      • [3] Credit 5111 (Goods Sales Revenue): $100
      • [4] Credit 5113 (Service Sales Revenue): $50
    • Counterpart Mapping:
      • 1st Counterpart:
        • Debit Line: [2]
        • Credit Line: [3]
        • Countered Amount: $20
      • 2nd Counterpart:
        • Debit Line: [2]
        • Credit Line: [4]
        • Countered Amount: $10
      • 3rd Counterpart:
        • Debit Line: [1]
        • Credit Line: [3]
        • Countered Amount: $80
      • 4th Counterpart:
        • Debit Line: [1]
        • Credit Line: [4]
        • Countered Amount: $40
    • List view demonstration
      ID Account Countered Accounts Debit Credit Countered Journal Items
      1 1311 5111, 5113 120 0 [3], [4]
      2 1312 5113 30 0 [4]
      3 5111 1311 0 100 [1]
      4 5113 1311, 1312 0 50 [1], [2]

Editions Supported

  1. Community Edition
  2. Enterprise Edition
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Odoo
It's not reconciliation
by on

"Matching Numbe" is for reconciliation, not for counterparting. "reconciliation" means matching journal items of the same account. It's totally different concept


Odoo
Any thoughts about Field "Matching Number" ?
by on

I thought it was possible to solve it by existing field named "Matching Number". What is the difference then ? Is this module will make it easier to develop SQL queries to generate report, since the reconcile / partially reconcile amounts are separated in account.move.line.ctp table?