The description of the Anglo-Saxon module on http://v6apps.openerp.com/ is the following:
The difference between the Anglo-Saxon accounting countries and the Rhine (or also called Continental accounting) countries is the moment of taking the Cost of Goods Sold versus Cost of Sales. Anglo-Saxons accounting does take the cost when sales invoice is created, Continental accounting will take the cost at the moment the goods are shipped.
This module will add this functionality by using a interim account, to store the value of shipped goods and will contra book this interim account when the invoice is created to transfer this amount to the debtor or creditor account. Secondly, price differences between actual purchase price and fixed product standard price are booked on a separate account.
I am in doubt about making use of the Anglo-Saxon module for my small Dutch company. I have seen discussions on the old forum which looks like you always need this module when you work with accounting and warehousing. If I look at the description I think it only complicates for small companies.
Is there something missing in the description?
Our procedures are as follows:
- If we ship goods we have always our invoice at the same day.
- In some cases we send an invoice for (a part) of the payment in advance.
- In such a situation we book these invoices on special account advance payments.
- When we later ship the goods we send an invoice for the sales minus the already invoiced advanced payment.
- We book the deal on sold goods and book the advanced payment credit on the account advanced payment.
I think our procedures above are ok. I think we complicate things for us when we make use of the Anglo-Saxon module.
But I am not totally sure about it. So I ask: 1. Is there something missing in the description of the Anglo-Saxon module? 2. Are our procedures ok?
