Accounting in OpenERP6

Basic Accounting

In our normal accounting cycle we use some of accounting books like sale journal, purchase journal, bank book, expense journal, general journal etc.

Openerp supports 5 different journal types;

Sale: for sale and sale returns journals

Purchase: purchases and purchase return journals

Cash: Cash Book and bank Book

General: General Journal

Situation: Opening Balance journal

In coming few steps of configuration I will show how to create journals of type Sale Journal, Purchase Journal, Opening Balance, Bank Book.

To create new journal access Financial management → Configuration → Financial Accounting → Financial Journals (click new button)

Sale Journal:

Journal Name: Sales Journal

Code: SAJ

Active: Select

Type: Sale

View: Journal View

Entry Sequence: Sale Journal

Sales Journal

Purchase Journal:

Journal Name: Purchase Journal

Code: PUJ

Active: Select

Type: Purchase

View: Journal View

Entry Sequence: Purchase Journal

Purchase Journal

Opening Balance Journal:

Journal Name: Opening Balance Journal

Code: OBJ

Active: Select

Type: Situation

View: Journal View

Entry Sequence: Account Journal

Opening Balance Journal

Bank Book:

Journal Name: Bank Book Acc 1216

Code: BNK

Active: Select

Type: Cash

View: Cash Journal View

Entry Sequence: Account Journal

Default Debit Account: 1-2 Bank Acc 1216 (Bank account from your chart of account)

Default Credit Account: 1-2 Bank Acc 1216 (Bank account from your chart of account)

Bank Book