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Phillip

On the Balance sheet my clients Total Current Liabilities (TCL) are computed with this formula

    TCL = Current Liabilites + Payables

My client expects it should include Credit Cards

    TCL = Current Liabilites + Payables + Credit Cards

Is this just the expected behaviour of Odoo? Or is this a configuration error in the definition of the Credit Card accounts? 

Here is a screenshot (mocked up to protect clients data) to demonstrate what appears on the balance sheet.

SCREENSHOT HERE --> https://drive.google.com/open?id=0B-IKnPt1PvZ9c0J3MGx1cmpSTmM



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Cliff Kujala
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Do you have the GL Account Type set to "Credit Card" in the chart of accounts?  For me, credit cards are grouped together with all the other Current Liabilities on the balance sheet.  I have Current Liabilities(including credit cards) + Payables = TCL on my balance sheet.  They are not shown in a separate sub-category like you have shown on your mockup.

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Phillip
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Thank you, I will take a look. But that would make sense to me that this would cause the issue.

Phillip
Author

So after review it appears the accounts were configured as "Credit Card Liabilities". If anyone can let me know what the difference is I would appreciate that. I have not tested switching the account however I am pretty sure your post has led me to the right solution. I will mark correct.

I did not configure this clients accounting. Can you tell me whether you even have the account type "Credit Card Liabilities"? Thanks again!

Cliff Kujala

No I do not have "Credit Card Liabilites" as an option for Chart of Account Type. I have the following (and I checked in a new demo Odoo instance as well and they match there)

Receivable

Payable

Bank and Cash

Current Assets

Non-current Assets

Prepayments

Fixed Assets

Current Liabilities

Non-current Liabilities

Equity

Current Year Earnings

Other Income

Income

Depreciation

Expenses

Cost of Revenue

Credit Card

Phillip
Author

Thanks, I spoke to my client. They believe that they created the Account Type at some point because in version 7 the credit card was being grouped with assets. Obviously this was a while ago and so I am going to experiment with switching to plain old "Credit Card". Thanks for your input on this.

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1netcloud Ltd
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Credit Card entry is a Receivable Account Type. It is also a current Asset item. It must not be configured as a liability account. It should be treated as other form of cash or check payment.

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