Valuable info! seems like a glaring "must-go-to-the-manual" thing
On Wed, Mar 21, 2018 at 11:46 AM, Sharan Foga <sha...@apache.org> wrote: > Hi James > > You don’t need to buy my book, to find out about this. :-) > > I’ve gone through the main process below with some links to the screens in > our demo. > So the main things you need are: > > Time Periods > https://demo-stable.ofbiz.apache.org/accounting/control/TimePeriods?organizationPartyId=Company > > To make sure that your time periods (monthly ones are setup). The last time I > checked OFBiz still needed the periods to be setup a bit like this > > Start Date 1 January 20XX End Date 1 February 20XX because the comparison for > whether a transaction is within the range is a less than comparison. So > setting the period end date to 31st January 20XX will miss the transactions > for the 31st January. > > Make sure the period is active > > GL Account Type Defaults Account Mapping > https://demo-stable.ofbiz.apache.org/accounting/control/GlAccountAssignment?organizationPartyId=Company > > You need a mapping to make sure that: > - ‘Profit Loss ‘ GL account type is mapped to your account for Net Income > - 'Retained Earnings' GL account type is mapped to your account for Retained > Earnings > > Month End Closing > https://demo-stable.ofbiz.apache.org/accounting/control/TimePeriods?organizationPartyId=Company > > To close the month simply close the time period and Period closing accounting > transaction should automatically be created and posted (Do this in the > company settings not at the global GL accounts level) > > Period Closing Accounting Transaction > To find the Period Closing Transaction, go to > > https://demo-stable.ofbiz.apache.org/accounting/control/FindAcctgTrans > > Re-opening a Closed Period > You used to be able to do this via the Edit Custom Time Period screen > https://localhost:8443/accounting/control/updateCustomTimePeriod > > but that is no longer the case. > > The workaround is to edit Time Period entity record to make it active. There > is a flag that indicates whether the period is active or not – just change it. > https://demo-stable.ofbiz.apache.org/webtools/control/FindGeneric?entityName=CustomTimePeriod > > - Reverse the accounting transaction for the original period closing. (Just > go into the original accounting transaction and use the Revert option) > - Do your accounting adjustments > - Close the period again > > I think that having the ability to re-open a closed Time Period is a > something that is quite useful so would probably suggest that we look at > re-implementing something that does this. > > I hope this helps and if anyone else has other ideas or suggestions then > please feel free to add your feedback. > > Thanks > Sharan > On 2018/03/20 13:17:56, <ja...@productive1.com> wrote: >> >> Can someone point me in the right direction for Month End Close >> Accounting Procedures in Ofbiz. As well how to re-open a closed period? >> >> Thanks, >> >> James >>
