Thanks Mr Paul for the input.
It was a good learning for me. Missing out on this lively community I hope to involve again soon. Currently I am re-using the generic data models of ofbiz for my other projects. I really see it as a great enabler for many projects that are about organizational data. regds mallah. On Wed, Nov 22, 2017 at 11:41 AM, Paul Foxworthy <[email protected]> wrote: > Hi Rajesh, > > A Chart of accounts needs to be able to support reporting in ways expected > by governments, auditors, etc. There are general principles of accounting > that organisations are expected to comply with. Two major ones are IFRS, > which originated in Europe and is now widely used, and GAAP, which more a > US thing. I have seen articles saying people are working on converging > Indian accounting standards with IFRS within five years. > > So, I think there is some consensus on Charts of Accounts. If your chart > looks much like someone else's, there are solid reasons for that. > > This Czech company offers free example IFRS and GAAP charts for download: > https://www.ifrs-gaap.com/accounting-examples . You could base yours on > these examples and "fill in the blanks" if there's something you see in > another accounting package that might be relevant. > > Cheers > > Paul Foxworthy > > > On 7 September 2017 at 18:58, Rajesh Mallah <[email protected]> > wrote: > > > Hi , > > > > I was planning to re-use the default COA of some popular accounting > > package(s) in India into OfBiz. This is so that accountants feel > > comfortable > > and familiar with the heads while working with OfBiz > > > > Any ideas if the default (top-level) COA of an accounting package be an > > IP of the company making it ? > > > > regds > > mallah. > > > > > > -- > Coherent Software Australia Pty Ltd > PO Box 2773 > Cheltenham Vic 3192 > Australia > > Phone: +61 3 9585 6788 > Web: http://www.coherentsoftware.com.au/ > Email: [email protected] >
