Yes This is cost of sales (when you sell something you dedut the cost price from a balans account and put it on a loss account) This way you know what you made proffit loss. If you buy in goods you don't make a loss you merly exchange cash for goods. When you sell the goods you deduct the cost price. If you do traditional FIFO your cost price mite be to low (and your stock mite look to high) using FIFO is mutch better so the cost of sales is the ammount your last product purchases price was. So you proffit mite be less but its more accurate.
In Holland and manny other countries you must select your way of sales cost and stick with that. If you want to change you will have to inform your tax athoitie first and ask permission. Theses are all financials transactions inside The ledger so there also part of the XBRL. I gess XBRL is the global standard so im sure your country also used that in declearing there standards if not they will probably change to this soon. Do you make finnacial software for your market? osFinancials has a verry good basis for accounting. Im sure most of the reports are just a mater of the right SQL and some transformation. Met vriendelijke groet, Pieter Valentijn Delphidreams http://www.delphidreams.nl -----Oorspronkelijk bericht----- Van: George Birbilis [mailto:[EMAIL PROTECTED] Verzonden: maandag 11 december 2006 20:31 Aan: [email protected] Onderwerp: RE: [lazarus] Gambas Urgentie: Laag > The other stuff you talk about is XBRL. And if if cource accounting > standaards for stock (FIFO LIFO). This is mainly about the current > stock value. > > > http://www.xbrl.org/SpecRecommendations/ > > This allows (for instance) to export a trailbalance in a general > format than manny packages can read. Also E-billing etc is put in to > this world wide format. Still no need for me to get this all in to osF > today. Most of the stuff is just when you publish your companies data > and that usaly gets done by the accounting office. They can take a > trail balance (agragated data) and put that in to there package of > choice that can produce this data. (it's a verry expensive packages > im sure ). Thanks for the link, but I'm not sure it's that, they call the thing I was saying here as "International Logistics Standards" and it has to do with how you calculate the profits etc. If you use other system (as is still done here by many companies) you get other data that may "hide" the real picture of the economics of a certain business (see hype and bubbles). Eventually all will have to switch and use the so-called international logistics standards whichever those are (it's more of a certain way to do logistics, not some thing necesserily related with software and informatics). However I may have understood wrong all this discussion here and it might be related more or less to XBRL too ---------------- George Birbilis ([EMAIL PROTECTED]) Computer & Informatics Engineer Microsoft MVP J# for 2004-2006 Borland "Spirit of Delphi" ++ QuickTime, Delphi, ActiveX, .NET components ++ http://www.kagi.com/birbilis ++ Robotics ++ http://www.mech.upatras.gr/~Robotics http://www.mech.upatras.gr/~robgroup _____ avast! Antivirus <http://www.avast.com> : Outbound message clean. Virus Database (VPS): 0653-5, 05/12/2006 Tested on: 11/12/2006 9:31:12 ?? avast! - copyright (c) 1988-2006 ALWIL Software. _________________________________________________________________ To unsubscribe: mail [EMAIL PROTECTED] with "unsubscribe" as the Subject archives at http://www.lazarus.freepascal.org/mailarchives _________________________________________________________________ To unsubscribe: mail [EMAIL PROTECTED] with "unsubscribe" as the Subject archives at http://www.lazarus.freepascal.org/mailarchives
