On 27. 04. 11 17:03, Fred Blauer wrote: > Fixed Assets and inventory are treated differently from accounting point of > view, and the entries are completely different. Inventory is for resale and > fixed assets are not. There is a gain/loss on sale of fixed assets (based on > depreciated cost) and not on inventory. Fixed assets are depreciated and > inventory is not. Fixed assets are considered long term assets (more than 1 > year), while inventory is short term, on the financial statements. Usually > fixed assets are in a separate module, since they are treated completely > differently than inventory, from an accounting point of view. I agree, this is why we build this module. however, a product is bought the same way (same process). assigning it as an asset is a later task...
_______________________________________________ Mailing list: https://launchpad.net/~openerp-expert-accounting Post to : [email protected] Unsubscribe : https://launchpad.net/~openerp-expert-accounting More help : https://help.launchpad.net/ListHelp
