Hi all,
i have a new company that i am setting up to work with Dolibarr 19.0.1 and there is something strange i have noticed in the Double Accounting module. IT is not normal, at least as per my logic but i’d like to ask, just in case.
Now, the initial amount of the bank account should be 1000 EUR and i have enter it directly in the bank section and reconciled it. Now, the strange thing for me is then the record is being transferred to the Bank Journal and it is looks like this:
Is my logic, the bank account here (512) should have amount in Credit section of the entry, and the Capital account (101) should be in Debit section. Instead the entry is reversed but at the same time the amount in the bank account is as it should be - 1000 EUR positive. Any suggestions? I could revers the posting manually but i want to see what are you suggesting here, because i am not that in to accounting, just yet.
Thanks!
Hi @sonikf ,
thanks for the post but actually as it is explained inside, a bit of a reading should be perform, which i did all day.
Let me explain what i don’t understand: in order to have money in my bank account (GL 512) i have to get them from somewhere. I choose to get those money from the Capital account (GL 101) as this account holds the money when the company opens. Now, the standard way of this posting should look like this: Debit 101/Credit 512
Instead the information is reversed. As the way it is being shown, most of the accountant will understand that the money from the Bank account (GL 512) are going to the Capital account (GL 101).
Also, this activities are correct in my own Dolibarr setup in version 18.0.4 - all postings are as i have described above in bold. My question here was if someone of you noticed it and may be give a suggestion to it.
Thanks!
Hi @nikolay86
You wrote i choose…Bad start…Accounting is very specific but you have to know the rules.
So i will repeat my self, double accounting setup is a job for a professional accountant.
Read my last post again carefully to get an idea why bank amount is negative in accounting and definitely talk to your accountant.
Great post, looked it over 3 times so i can understand your point. I have a meeting with the accountants tomorrow so they could check the postings and say if this is right or not. In my experience so far, this is something that is not right, but we will see what the specialist have to say
Well, after the meeting the both accountants reached to conclusion that more or less the records are correctly posted as the script is doing them. One of the accountants proposed a different approach for such double entry records by adding a manual posting, kind of as a “middleman”, but the end result would be the same.
It appears as “-” in accounting, and you’ll also see it on bank statements.
In short, your bank starting balance; Think of it as if you made a payment to your credit card, so you will see something like “-x.xxx” on your statement.
So there is no abnormality.
