NextERP/documentation
5
0
Fork 0
Code Issues Pull Requests Actions Packages Projects Releases Wiki Activity

Merge pull request #99 from esperandus/patch-1

Browse Source 
Update terminologies.rst
This commit is contained in:
Fabien Pinckaers 2015-11-18 22:21:33 +01:00
commit 2a68e95381
1 changed files with 38 additions and 29 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

67
accounting/overview/main_concepts/terminologies.rst
View File

@ -14,79 +14,88 @@ Accounting Terminologies
Payment Terms
Payment terms describe how and when a customer invoice (or
supplier bill) should be pay over the time. Example: 30% direct
payment, balance in two months.
supplier bill) should be paid over the time. Example: 30% direct
payment, balance due in two months.
Bank Reconciliation
Bank reconciliation is the process of matching your payment lines
with existing journal items or creating new journal items on the
fly.
Bank reconciliation is the process of matching transactions from your bank
records with existing journal items or creating new journal items on the
fly. It is a process of verification to ensure that your bank and your
records in Odoo say the same thing.
Reconciliation
Journal items reconciliation is the process of linking several
journal items together like an invoice and a payment. This allows
to mark invoices as paid.
journal items together like an invoice and a payment. This allows you
to mark invoices as paid. It is also useful when comparing values of
'goods received not invoiced' and 'goods shipped not billed' accounts.
Deposit Ticket
Deposit tickets group several payment orders (usually checks)
that are deposited together at the bank. This allows an easy
reconciliation with the bank statement line if the line has one
line per deposit.
that are deposited together at the bank at the same time. This
allows an easy reconciliation with the bank statement line if
the line has one line per deposit.
Journal Entry
A journal entry is an accounting transaction,
usually related to a financial document: invoice, payment,
receipt, etc. A journal entry always consists of at least two
lines. The sum of the credits of all journal items of a journal
entry is equal to the sum of their debits.
lines, described here as journal items, which credit or debit
specific accounts. The sum of the credits of all journal items
of a journal entry must be equal to the sum of their debits
for the entry to be valid.
Journal Item
A line of a journal entry, with a debit or credit
associated to an account.
A line of a journal entry, with a monetary debit or credit
associated with a specific account.
Analytic Accounts
Sometimes called **Cost Accounts**, are
accounts that are not part of the chart of account and that
allows to track costs and revenues. Analytic account are usually
structured by projects, departments, etc. Every journal item is
posted in a regular account in the chart of account and can be
posted to an analytic accounting for reporting purposes.
accounts that are not part of the chart of accounts and that
allow you to track costs and revenues. Analytic accounts are usually
grouped by projects, departments, etc. for analysis of a company's
expenditures. Every journal item is posted in a regular account
in the chart of account and can be posted to an analytic account
for the purpose of reporting or analysis.
Analytic Entries
Cost or revenues posted to analytic accounts,
Costs or revenues posted to analytic accounts,
usually related to journal entries.
Sales Receipt
A receipt or other slip of paper issued by a store
or other vendor showing where a purchase was made and also the
amount, date, department, etc. Sales receipt are usually used
instead of invoices if the sale is paid in cash in the store.
or other vendor describing the details of a purchase (amount,
date, department, etc.). Sales receipt are usually used
instead of invoices if the sale is paid in cash in a store.
Fixed Assets
Property owned by the company. Odoo Asset management is used to manage
the depreciation / amortization of the asset over the time.
Property owned by the company, usually with a useful life greater
than one reporting period. Odoo Asset management is used to manage
the depreciation / amortization of the asset over the time. Typical
examples would be capital equipment, vehicles, and real estate.
Deferred Revenues
Are used to recognize revenues of sales of
Are used to recognize revenues for sales of
services that are provided over a long period of time. If you
sell a 3 years maintenance contract, you can use the deferred
revenue mechanism to recognize 1/36 of the revenue every month.
sell a 3 year maintenance contract, you can use the deferred
revenue mechanism to recognize 1/36 of the revenue every month
until the contract expires, rather than taking it all initially
or at the end.
Fiscal Position
Define the taxes that should be applied for a
specific customer/vendor or invoice. Example: If some customers
benefit for specific taxes (government, construction companies,
benefit from specific taxes (government, construction companies,
EU companies that are VAT subjected,…), you can assign a fiscal
position to them and the right tax will be selected according to
the products they buy.