View source | Discuss this page | Page history | Printable version   
Toolbox
Main Page
Upload file
What links here
Recent changes
Help

PDF Books
Show collection (0 pages)
Collections help

Search

ManualDoc:T199

WS199.png

A general ledger configuration created by default can be changed to meet the organization's needs by changing below features:

1. The Currency to use while posting transactions or journal entries to the ledger.

2. The Allow Negative check-box defines if negative posting is allowed or not while posting transactions to the general ledger.

Not to allow negative posting implies that a negative debit posting would turn into a credit posting and a negative credit posting would turn into a debit posting.

For instance, a purchase invoice generates below posting:

Account Debit Credit Comments
Product Expense Line Net Amount One per invoice line
Tax Credit Tax Amount One per tax line
Vendor Liability Total Gross Amount One per invoice

If that purchase invoice needs to be totally or partially voided or reversed, the posting will look like:

Account Debit Credit Comments
Product Expense (-) Line Net Amount One per invoice line
Tax Credit (-) Tax Amount One per tax line
Vendor Liability (-) Total Gross Amount One per invoice
Account Debit Credit Credit
Product Expense Line Net Amount One per invoice line
Tax Credit Tax Amount One per tax line
Vendor Liability Total Gross Amount One per invoice

3. The general ledger can be set as "Centrally Maintained" or not in relation to the way that the Account Tree elements are going to be shown in the Balance Sheet and in the Income Statement

It is possible to uncheck any of the checkbox listed above. For instance an organization might want to show the Debit balances of the "Expense" account type as "Negative" in the Income Statement.
Finally, it is important to remark that the "Central Maintenance" check-box is not selected by default for the general ledgers created by default as the corresponding accounting csv files or reference data imported have its own configuration through the "Account Sign".

Retrieved from "http://wiki.openbravo.com/wiki/ManualDoc:T199"

This page has been accessed 575 times. This page was last modified on 15 November 2012, at 09:37. Content is available under Creative Commons Attribution-ShareAlike 2.5 Spain License.