Account Counterparts
| Technical name | to_account_counterpart |
| License | OPL-1 |
| Website | https://viindoo.com/apps/app/15.0/to_account_counterpart |
| Read description for | v 10.0 v 12.0 v 11.0 v 14.0 v 16.0 v 13.0 |
| Required Apps | Discuss (mail) Invoicing (account) |
| Included Dependencies | Viindoo Base |
| Extensions | Accounting & Financial Reports eWallet Account Counterpart - Account Reconciliation |
The Problem
In Odoo, a single journal entry may contain multiple debit journal items and multiple credit journal items. However, there is no way for us to identify the countered line(s) of a line and its countered account(s) which may cause some troubles when:
- Making reports that require showing up counterparts and countered accounts of a transaction.
- Identifying types of business transactions. For example, according to Vietnam Accounting Standards, revenues are from both loan interests and exchange. rate profit is also encoded into account 515. It is impossible to build a Cash Flow Statement while it requires separating those revenues.
Features at a glance
| ID | Account | Countered Accounts | Debit | Credit | Countered Journal Items |
| 1 | 131 | 5111, 5113 | 150 | 0 | [2], [3] |
| 2 | 5111 | 131 | 0 | 100 | [1] |
| 3 | 5113 | 131 | 50 | [1] |
Features in Details
Journal Items
The following key stored and computed fields have been added to the Journal Item model (account.move.line):
- Countered Journal Items: the journal items that are counterparts of the current journal item.
- Countered Accounts: the accounts that are counterparts of the account of the current item.
- Countered Amount: The matched amount that has been set as countered amount for this journal item.
- Countered Status: A technical field to indicate that the journal item has either countered fully or partially or not-yet-countered.
Journal Entries
The following key stored and computed fields have been added to the Journal Entry model (account.move):
- Countered Status: A technical field to indicate that the journal entry has either countered fully or partially or not-yet-countered.
Wizards
Counterparts Generator is a wizard to allow the accounting manager to either generate missing counterparts for account journal items or regenerate counterparts for all the existing items. It also allows you to limit the number of entries during generation by selecting one or more journals.
Journal Item Counterparts
A new technical model named 'Journal Item Counterpart' (account.move.line.ctp) is created to map a credit journal item with a debit journal item which has the following key fields:
- dr_aml_id: The debit journal item (also known as 'account move line').
- cr_aml_id: The credit journal item.
- countered_amt: the amount that matches the counterpart operation of the two journal items above mentioned.
When a counterpart operation is carried out, a new record of the Journal Item Counterpart model will be created to map a credit journal item with a debit journal item to indicate that the later journal item is a counterpart with a countered amount.
Some Use Cases for Proof of Concepts
1. Entry with One single debit item and One single credit item
a. Entry
- [1] Debit 131 (Customer Receivable): $100;
- [2] Credit 511 (Sales Revenue): $100.
b. Counterpart Mapping
- Debit Line: [1];
- Credit Line: [2];
- Countered Amount: $100.
c. List view demostration
| ID | Account | Countered Accounts | Debit | Credit | Countered Journal Items |
| 1 | 131 | 511 | 100 | 0 | [2] |
| 2 | 511 | 131 | 0 | 100 | [1] |
2. Entry with One single debit item and Multiple credit items
a. Entry
- [1] Debit 131 (Customer Receivable): $150;
- [2] Credit 5111 (Goods Sales Revenue): $100;
- [3] Credit 5113 (Service Sales Revenue): $50.
b. Counterpart Mapping
- 1st Counterpart:
- Debit Line: [1]
- Credit Line: [2]
- Countered Amount: $100
- 2nd Counterpart:
- Debit Line: [1]
- Credit Line: [3]
- Countered Amount: $50
c. List view demonstration
| ID | Account | Countered Accounts | Debit | Credit | Countered Journal Items |
| 1 | 131 | 5111, 5113 | 150 | 0 | [2], [3] |
| 2 | 5111 | 131 | 0 | 100 | [1] |
| 3 | 5113 | 131 | 50 | [1] |
3. Entry with Multipe debit items and Multiple credit items
a. Entry
- [1] Debit 1311 (Customer Receivable): $120;
- [2] Debit 1312 (Customer Receivable): $30;
- [3] Credit 5111 (Goods Sales Revenue): $100;
- [4] Credit 5113 (Service Sales Revenue): $50.
b. Counterpart Mapping
- 1st Counterpart:
- Debit Line: [2];
- Credit Line: [3];
- Countered Amount: $20.
- 2nd Counterpart:
- Debit Line: [2];
- Credit Line: [4];
- Countered Amount: $10.
- 3rd Counterpart:
- Debit Line: [1];
- Credit Line: [3];
- Countered Amount: $80.
- 4th Counterpart:
- Debit Line: [1];
- Credit Line: [4];
- Countered Amount: $40.
c. List view demonstration
| ID | Account | Countered Accounts | Debit | Credit | Countered Journal Items |
| 1 | 1311 | 5111, 5113 | 120 | 0 | [3], [4] |
| 2 | 1312 | 5113 | 30 | 0 | [4] |
| 3 | 5111 | 1311 | 0 | 100 | [1] |
| 4 | 5113 | 1311, 1312 | 0 | 50 | [1], [2] |
Editions Supported
- Community Edition
- Enterprise Edition
Installation
- Navigate to Apps.
- Search with keyword to_account_counterpart.
- Press Install.
Note:
- After installing to_account_counterpart module, Invoicing app is auto-installed.
- To have a full feature-related observation of this module, you need to install Accounting app.
- The journal entries can be automatically or manually accounted.
Instruction
Instruction video: Account Counterparts
Step 1: Go to Accounting App > Vendors > Bills, press Create button to create a bill.
Step 2: Press Confirm button and review the journal items on the Journal Items tab.
Step 3: Check the accounting information in Counterparts Mapping tab.
Step 4: Print the accounting template related to countered accounts. For example, print Ledger (S03b-DN).
Step 5: Go to Accounting app > Accounting > Journal Items, search the information related to countered accounts by the filter/groups tool. For example, control the balance of account 331 according to the partners and the countered accounts.
Note: You need activate developer mode (debug mode) to see Journal Items menu.
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