Ager ap trading company ki implementation kar rae hain to Apka Expense account and Inout account same hona chahye, because jab ap Receiving Validate karte hain to apka Input account Credit ho jata hai & because ye Account apka transit account (Like GR/IR account) hota hai to iska Balance Nil hona zaroori hai. To isko nil karne k lie apko apna Expense account bhe same rakhna hoga ta k Bill Validate hone par ye Expense account (GR/IR) Debit ho jay and is account ka balance 0 ho jay.
Iske ilawa their could be some other approach one of them is using Anglo saxon. Os method me we can completely skip our transit account (GR/IR) but os case me Cost of Goods sold Invoice creation me post ho jati hai Na k Delivery Validation par. In most of the companies, their Accountants wants the posting of Cost of Goods Sold when actually the Item leaves the warehouse.
Purchase kertay waqt Cost of good sold debit nahi ho ga Purchases record hoon gi Asset may Income statement kay waqt puchaes minus cost of goods sold ho gi remaining Inventory nikal nay kay liya.
Very nice your accounting explanation in odoo software.
Thanks and welcome
Excellent explaination bro, i was trying to figure out how to automate thanks
I am glad my efforts was helping for you.
Do consider a subscribe and share with your friends.
Stay tuned for more.
Hi! I have upload a new video related to Odoo V16 - Landed Cost. Go check it.
ruclips.net/video/pdUwi0EvDnQ/видео.html
Kindly, what is the type of 'cost of Good Sold ac', which u entered in Stock out Account in item creation ?
The type of Cost of Goods Sold is Cost of Revenue in chart of account.
Thanks Sir
You’re welcome.
I noticed the GR IR contra account. How to create a contra account in odoo(coming under which head )?
You can use it under Current Assets Or Current Liabilities, It won’t make any difference since its contra account.
Sir is mai mukhtalif accounts de sekte hai ya same input and expense acc den ge or ha balance nill kerna zarori ha ya nhi, agar hai to q wajja kia hai
Ager ap trading company ki implementation kar rae hain to Apka Expense account and Inout account same hona chahye, because jab ap Receiving Validate karte hain to apka Input account Credit ho jata hai & because ye Account apka transit account (Like GR/IR account) hota hai to iska Balance Nil hona zaroori hai. To isko nil karne k lie apko apna Expense account bhe same rakhna hoga ta k Bill Validate hone par ye Expense account (GR/IR) Debit ho jay and is account ka balance 0 ho jay.
Iske ilawa their could be some other approach one of them is using Anglo saxon. Os method me we can completely skip our transit account (GR/IR) but os case me Cost of Goods sold Invoice creation me post ho jati hai Na k Delivery Validation par.
In most of the companies, their Accountants wants the posting of Cost of Goods Sold when actually the Item leaves the warehouse.
@@LearnOdoo-Urdu Thanks Sir ❤
You’re welcome
Purchase kertay waqt Cost of good sold debit nahi ho ga Purchases record hoon gi Asset may Income statement kay waqt puchaes minus cost of goods sold ho gi remaining Inventory nikal nay kay liya.
Misleading, You confused the "Expenses Account" with "Stock out Account" your understanding should be vise varsa for it.