1. Some financial improvements
OpenERP Days 2012
camptocamp / 18. avril 2012 / www.camptocamp.com / info@camptocamp.com

2. Some financial improvements
- WebKit financial reports
- Unrealized currency gain & loss calculation
- Financial consolidation module
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3. What is more
SEXY than.....

4. ...OpenERP financial reports ?

5. WebKit Financial reports ...
....of course ;-)

6. Why new financial reports ???
Just because standard reports do not work.....
- Too slow
- Design is not accountant oriented
- No report in the past
- No initial balance calculation
- And other lacking points (filters, subtotals, sorts)
- And.... do not provide expecting information for accountants
and auditors
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7. Why Webkit Reports ?
- Webkit is now included into core code
- More powerful
- More flexible
- HTML & CSS based
- More simple
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8. What's new ?
- New design : Trial balance / General Ledger / Partner balance /
Partner ledger / Open Invoices list
- New wizard => more linked to accountant needs (comparison, new
filter, sorts)
- Partner ledger + Open Invoice report => be able to go back to the
past
- Comparison by periods : amount and %
- Centralization of entries by month
- Tests on really big accounting => 100 time faster.
- To do :
 Partner aged balance / Balance sheet / profit & lost / List of entries
 Lobbying to put these reports into the core code :-)
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9. Unrealized currency gain & loss calculation
- Now currency effective currency gain & loss are calculated into bank
statement => good point....
- But what about unrealized gain & loss ?
 Can be complicate and long to do manually
 1 account = more currencies and partner
 Multiple currency rate for same date
=> need a new module !
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10. What's new
- Configuration :
 Currency rate type
 Choice if the account will be or not reevaluated
 New parameters on the company => 3 types of accounting entries
- Extend the reversal entry module
- Add a new wizard :
 Select date, journal and currency type
 Create 1 entry per account, currency and partner
 Define the entry as reversal entry or not
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11. Financial consolidation module
- Automation of the first level of consolidation process :
 Consolidate entries from subsidiaries into 1 consolidation company.
- Configuration :
 Create company hierarchy => each company has his official chart of account
 Create same consolidation chart of account for all companies (virtual)
 Account configuration :
• 2 types of consolidation : YTD, period movements
• Currency rate type
 Company : account for consolidation difference, virtual chart of account
 Check of consistency wizard : period and virtual chart of account
- Consolidation wizard :
 Automatic entry creation into Holding accounting
 Automatic currency conversion into Holding currency :
• Based on currency rate type
• Subsidiary current becomes second currency into holding
- Consolidation reports => use webkit financial report ;-)
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12. Just use it !
and give us feedback
openerp@camptocamp.com or on launchpad