Hi There! Thank you so much for you video ! Is amazing and made me understand how to set up the automated inventory valuation! Remains to me one question: As you explain the full flow of odoo, the 2 interim account (receivable and delivered) are used to keep the value in an account until is invoiced or billed! Now my question is: If the i invoiced the customer , when confirming the SO, that means before starting the manufacturing order, then the stock output account (in account stock properties tab )should be the same account as the Income Account ( in account properties tab).. right? as i don;t need an interim account ( wich holds the value until invoiced), because i invoice in advance?! Thanks
You need the interim accounts if you want to keep track of inventory valuations. In general having the interim accounts is a good idea. Stock output account and Income account can be separate accounts. Odoo will automatically manage debit and credit entries there.
@@OssiMantylahti thanks for the reply! Nice from your part! What i noticed is that there is some strange behavior that i cannot understand yet: When i receive the raw materials - the interrim account receiveble for raw material is just credited- and even if i finish the flow - remains unbalanced (balance is negative) Also .. the interrim account delivered for finished goods, remains debited .. eventhough i valided the delivering to the customer of the finished good is not balancing it out Should be that correct?! Should not be balanced each other?! Also i didn't understood why the interims accounts has to be checked the "allow reconciliation" option in chart of accounts!?
@@nicuconstantin8858 I should probably do another full video on how manufacuring and interim accounts work on inventory valuation. And true. Allow reconsoliation is probably overkill.
Hi There!
Thank you so much for you video ! Is amazing and made me understand how to set up the automated inventory valuation!
Remains to me one question:
As you explain the full flow of odoo, the 2 interim account (receivable and delivered) are used to keep the value in an account until is invoiced or billed!
Now my question is:
If the i invoiced the customer , when confirming the SO, that means before starting the manufacturing order, then the stock output account (in account stock properties tab )should be the same account as the Income Account ( in account properties tab).. right? as i don;t need an interim account ( wich holds the value until invoiced), because i invoice in advance?!
Thanks
You need the interim accounts if you want to keep track of inventory valuations. In general having the interim accounts is a good idea.
Stock output account and Income account can be separate accounts. Odoo will automatically manage debit and credit entries there.
@@OssiMantylahti thanks for the reply! Nice from your part!
What i noticed is that there is some strange behavior that i cannot understand yet:
When i receive the raw materials - the interrim account receiveble for raw material is just credited- and even if i finish the flow - remains unbalanced (balance is negative)
Also .. the interrim account delivered for finished goods, remains debited .. eventhough i valided the delivering to the customer of the finished good is not balancing it out
Should be that correct?! Should not be balanced each other?!
Also i didn't understood why the interims accounts has to be checked the "allow reconciliation" option in chart of accounts!?
@@nicuconstantin8858 I should probably do another full video on how manufacuring and interim accounts work on inventory valuation.
And true. Allow reconsoliation is probably overkill.