Contributors mailing list archives
Re: Account financial reserve namingby
Open for Small Business, Graeme Gellatly
It would depend on the general purpose and use of the funds, how they are created, how they are held and what they are for. Whether the invoices are guaranteed to arrive, just probable or possible or unlikely. Which accounting period they will likely belong to under accrual concepts. Not really enough to go on here but in slang terms we'd call it a Slush Fund or Rainy Day fund.
It is unlikely to be an accrual, either a Provision or not accounted for at all. Because under accrual accounting if you are recognising (i.e. setting funds aside for) a probable future liability, that is a provision and ordinarily the opposite side of that is an expense. e.g. Provision for Customer Rebates / Discounts Given, Employee Bonus Pool / Wages and Salaries, Provision for Doubtful Debts/ Doubtful debts, Customer Loyalty Points / COGS, Provision for Warranty / Warranty Expenses are typical entries.
On Tue, May 11, 2021 at 4:37 AM Roussel, Denis <email@example.com> wrote:
Hi all,We want to put some modules we did to OCA, but before we want to validate naming with some native english speakers as some translations are ambiguous.We want to modelize a financial reserve (we named it in French 'cagnotte' - that is translated at first sight jackpot or pot(the ambiguous one :-) ) through account moves that feed a waiting account.These entries should allow to pay invoices later (we know the 'wallet' in development on Odoo side but this is quite different as based on accounting entries).If we can have a little feedback from some of you on our future baby name.Regards,--__________________________________________
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