Account Balance Carry Forward
| Lines of Code | 990 |
| Technical name | to_account_balance_carry_forward |
| License | OPL-1 |
| Website | https://viindoo.com/apps/app/15.0/to_account_balance_carry_forward |
| Read description for | v 10.0 v 11.0 v 12.0 v 13.0 v 14.0 v 16.0 v 17.0 |
| Required Apps | Discuss (mail) Invoicing (account) |
| Extensions | Vietnam Account Balance Carry Forward Advanced Account Balance Carry Forward |
Demo video: Account Balance Carry Forward
What it does
This module supports defining carry-forward rules and generates balance carry-forward journal entries accordingly.
Key Features
1. Accounting Advisor / Manager can define account balance carry forward rules.
For example:
- 521 -> 511
- 511 -> 911
- etc.
2. Accountants can create automatic carry-forward journal entries based on the configured rules.
On each balance carry-forward document, the system will:
- Update all applicable carry-forward rules.
- Calculate the balance of all the source accounts.
3. Once the balance carry-forward document is validated, journal entries will be created based on set-up rules.
For example:
- Balance of account 521: 100
- Balance of account 511: 550
The rules:
- 521 -> 511
- 511 -> 911
The result:
The First journal entry:
- Debit 100 on 511
- Credit 100 on 521
The Second journal entry:
- Debit 450 (as the result of 550-100) on 511
- Credit 450 on 911
4. Allow creating balance carry-forward journal entries from selected carry-forward rules (only available from Odoo 13).
Editions Supported
- Community Edition
- Enterprise Edition
Installation
- Navigate to Apps.
- Search with keyword to_account_balance_carry_forward.
- Press Install.
Instruction
Instruction video: Account Balance Carry Forward
Create a carry-forward rule
Navigate to Accounting > Configuration > Carry Forward Rules, press Create to generate a new carry forward rule.
Carry forward balance at the end of a period
At the end of an accounting period, navigate to Accounting > Accounting > Account Balance Carry Forward, and press Create a balance carry forward. The balance data of all the accounting accounts will be computed automatically according to the pre-configured carry-forward rule.
Press Confirm to view the smart button, counting the number of Journal Entries and Journal Items generated.
Post the entries to complete the balance carry forwarding process.
To save time and avoid unnecessary mistakes that might happen, the Accounting software provides various pre-configured balance carry forward rules according to Vietnamese Accounting Standard.
This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file).
You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one).
It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software.
The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software.
THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.