Default accounts

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The default accounts are mappings of common accounting transactions. ADempiere (and ERP) is quite different from Accounting systems because in ERP, the documents you enter into the system have rules and these rules generate the majority of the accounting transactions. The default accounts are a mapping between the rules that create accounting entries and the chart of accounts. Most of the accounting in Adempiere is "automatic" in the background, based on documents such as invoices, payments etc, the default accounts specify what accounts are to be used by Adempiere.

This document describes the default accounts from an accounting perspective

ID: B_ASSET_ACCT
Name: Checking Account
Usage:
ID: B_EXPENSE_ACCT
Name: Bank Service Charges
Usage:
ID: B_INTERESTEXP_ACCT
Name: Interest Expense
Usage:
ID: B_INTERESTREV_ACCT
Name: Interest Income
Usage:
ID: B_INTRANSIT_ACCT
Name: Checking In-Transfer
Usage:
ID: B_PAYMENTSELECT_ACCT
Name: Payment selection
Usage:

Payables When a payment is created this account is debited and the B_INTRANSIT_ACCT is credited. When the payment is allocated agains a payable this account is credited and the V_LIABILITY_ACCT is debited.

Receivables When a payment is receieved this account is credited and the B_INTRANSIT_ACCT is debited. When a payment (AR) is allocated against a receivable this account is debited and the C_RECEIVABLE_ACCT is credited.

B_REVALUATIONGAIN_ACCT=Bank revaluation gain

B_REVALUATIONLOSS_ACCT=Bank revaluation loss

B_SETTLEMENTGAIN_ACCT=Bank settlement gain

B_SETTLEMENTLOSS_ACCT=Bank settlement loss

B_UNALLOCATEDCASH_ACCT=Checking Unallocated Receipts

B_UNIDENTIFIED_ACCT=Checking Unidentified Receipts

CB_ASSET_ACCT=Petty Cash

CB_CASHTRANSFER_ACCT=Petty Cash In-Transfer

CB_DIFFERENCES_ACCT=Petty Cash Over/Short

CB_EXPENSE_ACCT=Cash book expense

CB_RECEIPT_ACCT=Cash book receipts

CH_EXPENSE_ACCT=Charge expense

CH_REVENUE_ACCT=Charge revenue

COMMITMENTOFFSET_ACCT=PO Commitment

COMMITMENTOFFSETSALES_ACCT=SO Commitment

CURRENCYBALANCING_ACCT=Currency balancing

C_PREPAYMENT_ACCT=Customer Prepayments

C_RECEIVABLE_ACCT=Accounts Receivable - Trade

C_RECEIVABLE_SERVICES_ACCT=Accounts Receivable Services - Trade

DEFAULT_ACCT=Default account

E_EXPENSE_ACCT=Employee expense

E_PREPAYMENT_ACCT=Employee Expense Prepayment

INCOMESUMMARY_ACCT=Income Summary

INTERCOMPANYDUEFROM_ACCT=Intercompany Due From

INTERCOMPANYDUETO_ACCT=Intercompany Due To

NOTINVOICEDRECEIPTS_ACCT=Not invoiced receipts

NOTINVOICEDRECEIVABLES_ACCT=Not invoiced receivables

NOTINVOICEDREVENUE_ACCT=Not invoiced revenue

PAYDISCOUNT_EXP_ACCT=Payment discount expense

PAYDISCOUNT_REV_ACCT=Payment discount revenue

PJ_ASSET_ACCT=Project asset

PJ_WIP_ACCT=Project WIP

PPVOFFSET_ACCT=Purchase price variance Offset

P_ASSET_ACCT=Product asset

P_COGS_ACCT=Product CoGs

P_COSTADJUSTMENT_ACCT=Product Cost Adjustment

P_EXPENSE_ACCT=Product Expense

ID: P_INVENTORYCLEARING_ACCT
Name: Product Inventory Clearing
Usage:

A more proper name for this account would be "Products being shipped". This is an asset account and is used to credit the inventory account before the goods are invoiced.

P_INVOICEPRICEVARIANCE_ACCT=Invoice price variance

P_PURCHASEPRICEVARIANCE_ACCT=Purchase price variance

P_REVENUE_ACCT=Trade Revenue

P_TRADEDISCOUNTGRANT_ACCT=Trade Discounts

P_TRADEDISCOUNTREC_ACCT=Trade discounts received

REALIZEDGAIN_ACCT=Realized gain

REALIZEDLOSS_ACCT=Realized loss

RETAINEDEARNING_ACCT=Retained Earnings

SUSPENSEBALANCING_ACCT=Suspense balancing

SUSPENSEERROR_ACCT=Suspense error

T_CREDIT_ACCT=Tax credit A/R

T_DUE_ACCT=Tax due

T_EXPENSE_ACCT=Tax expense

T_LIABILITY_ACCT=Tax liability

T_RECEIVABLES_ACCT=Tax receivables

UNEARNEDREVENUE_ACCT=Unearned revenue

UNREALIZEDGAIN_ACCT=Unrealized gain

UNREALIZEDLOSS_ACCT=Unrealized loss

V_LIABILITY_ACCT=Accounts Payable Trade

V_LIABILITY_SERVICES_ACCT=Accounts Payable Services

V_PREPAYMENT_ACCT=Vendor prepayment

WITHHOLDING_ACCT=Withholding (Tax)

WRITEOFF_ACCT=Bad Debts Write-off

W_DIFFERENCES_ACCT=Inventory Shrinkage

W_INVACTUALADJUST_ACCT=Inventory Adjustment

W_INVENTORY_ACCT=General Trade Inventory

W_REVALUATION_ACCT=Inventory Revaluation

See Also