Merge pull request #339 from odoo/12.0-cash-basis-fgi

[IMP] Accounting: Update v12.0 of tax cash-basis doc
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Julien B 2019-03-26 10:16:24 +01:00 committed by GitHub
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3 changed files with 27 additions and 19 deletions

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@ -26,13 +26,19 @@ You will be asked to define the Tax Cash Basis Journal.
Once this is done, you can configure your taxes in
:menuselection:`Accounting --> Configuration --> Taxes`.
You can open a tax and in the *Advanced Options*
tab you will see the checkbox *Use Cash Basis*. You will then have to
define the *Tax Received Account*.
At first set the proper transitional accounts to post taxes
until you register the payment.
.. image:: media/cash_basis_taxes02.png
:width: 6.50000in
:height: 1.81944in
:align: center
In the *Advanced Options* tab you will turn *Tax Due* to
*Based on Payment*. You will then have to
define the *Tax Received* account in which to post the tax amount
when the payment is received and the *Base Tax Received Account*
to post the base tax amount for an accurate tax report.
.. image:: media/cash_basis_taxes03.png
:align: center
What is the impact of cash basis taxes in my accounting ?
@ -42,17 +48,17 @@ Lets take an example. You make a sale of $100 with a 15% cash basis
tax. When you validate the customer invoice, the following entry is
created in your accounting:
+-----------------------------+-----------------------+
| Customer Invoices Journal | |
+=============================+=======================+
| **Debit** | **Credit** |
+-----------------------------+-----------------------+
| Receivables $115 | |
+-----------------------------+-----------------------+
| | Tax Account $15 |
+-----------------------------+-----------------------+
| | Income Account $100 |
+-----------------------------+-----------------------+
+-----------------------------+---------------------------+
| Customer Invoices Journal | |
+=============================+===========================+
| **Debit** | **Credit** |
+-----------------------------+---------------------------+
| Receivables $115 | |
+-----------------------------+---------------------------+
| | Temporary Tax Account $15 |
+-----------------------------+---------------------------+
| | Income Account $100 |
+-----------------------------+---------------------------+
A few days later, you receive the payment:
@ -73,7 +79,7 @@ When you reconcile the invoice and the payment, this entry is generated:
+==========================+============================+
| **Debit** | **Credit** |
+--------------------------+----------------------------+
| Tax Account $15 | |
| Temporary Tax Account $15| |
+--------------------------+----------------------------+
| | Tax Received Account $15 |
+--------------------------+----------------------------+
@ -83,5 +89,7 @@ When you reconcile the invoice and the payment, this entry is generated:
+--------------------------+----------------------------+
.. tip::
The two journal items created in the Income Account are neutral but
they are needed to insure correct tax reports in Odoo.
The last two journal items are neutral but they are needed to insure
correct tax reports in Odoo with accurate base tax amounts.
We advise to use a default revenue account.
The balance of this account will then always be at zero.

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