On 03 Feb 08:07, spiros sotiropoulos wrote: > 1. If you are a company selling cars and you have defined your products > like VW Golf, Audi Q3 etc. etc..... and at some point the company itself > keeps 1-2 cars for own use (effectively those becoming assets) you would > have to define a product VW Golf (being the merchandise) and a second > product VW Golf_asset representing the Asset ??
Yes you must. > 2. When you go and define a product of type Asset and go the Accounting > tab, when you check the "Depreciable" two additional accounts appear on the > second half of the screen for a total of 4 accounts, > > The two new accounts are called "Account Depreciation" and "Account Asset" > and the first one displays only accounts of Type = Other and the second one > only accounts of Type = Expense. > > Could you clarify what is entered into which one... and then what is the > difference between the Account Asset and the Account Expense, assuming that > Account Revenue is where proceeds from a possible sale of an Asset would be > entered Account asset is the account that will be used by the invoice to book the income of the asset. Account depreciation is the account that will be credited by the depreciation of the asset while the account expense will be debited. Account revenue will be used to book possible revenue generated by the sale of the asset (depending of the already depreciation booked and the price of sale). -- Cédric Krier - B2CK SPRL Email/Jabber: [email protected] Tel: +32 472 54 46 59 Website: http://www.b2ck.com/
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