asked 2013-02-08 13:36:49 +0100Robin St.Clair
I have organised my month end dates so that each quarter starts with a 5 week month that is followed by two 4 week months - so 5-4-4, 5-4-4, 5-4-4, 5-4-4 - for Fiscal 2013.
This makes FY2013 exactly 52 weeks in duration. This makes for easy comparisons, year to year, quarter to quarter, month to month and week to week also YTD, QTD and MTD. (Unfortunately, every fifth year has 53 weeks, but you knew that).
I would like to have 52 (53) periods each year for accounting reporting purposes. Is this possible? Do I simply replace the 12 monthly periods with 52 (53) weekly periods? Will I be able to apply depreciation correctly; accruals and deferrals may also create problems?
There are some jurisdictions, particularly Germany, that use weekly accounting on an extensive basis. In this day and age, too much time has gone by to rectify problems if accounts are prepared on a monthly basis.
Any guidance would be gratefully appreciated. I am working with OpenERP v7 over PostgreSQL 9.2.3 and Python33.
This is an interesting question. I never heard about an enterprise running OpenERP as you're suggesting with weekly periods.
For what i know, there shouldn't be any problem in the basic functions such as invoicing, payments recording, reconciliations... But indeed, the account_asset module is based on a computation using months as the lowest time-frame. So there you're only left with the following possibilities:
BTW, you're certainly aware that in all OpenERP reports you can filter by dates, and thus make week-to-week comparison very easily without having the periods defined in another way than what the law asks you to have, don't you?
You can read the online documentation
Asked: 2013-02-08 13:36:49 +0100
Seen: 207 times
Last updated: Feb 18 '13