|Subject:||Re: GL Chart of Accounts|
|Date:||Dec 16, 2008 2:03:10 pm|
Your question on the Wiki got me interested so I decided to do a bit of investigation. I took a look at the xml reference from Jacques and also the Global GL settings generally.
Remember - I'm an OFBiz novice too but my first thoughts are this:
The GL Account Class Id does appear to be some form on account classification for reporting purposes. The diagram in the xml refers to the Debit / Credit accounting equation and shows the breakdown into the different type of accounts. It maybe that this is already used to generate the on screen reports.
The GL Account Type Id appears to be something else. Yes – it does look like a classification system too but it also appears to have a link to the type of transactions that are posted to the account. The GL Account Type Id is also used in the GL Account Defaults to specify the default account that certain transactions (eg Accounts Payable', 'Customer Deposits' etc) are posted to. So you could see it as a way of translating a business transaction into an actual accounting transaction.
I think the most confusing thing between the two is that some of the values are duplicated (eg Current Asset, Current Liability, etc) and I'm not sure that they should be. What I mean here is that perhaps they should only be showing as one of the values – not both. If you look at the Global Chart some of the GL Account Type Ids are blank.
The only real way to find out for sure is to have a go at setting it up in various ways and see what happens. I'll continue my work on the accounting documentation but I'd be interested to know if you find out any more on this.
No response yet ....
Very simply stated, I can not see the difference between
GL account Type Id GL account Class Id
Should GL account Id refer to creating the Financial Statements, what is the purpose of GL account Class Id ?
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