Charge vs expenses

The Financial Integration (FI) aspect of Compiere means Accounting Consequence, and stuff that makes Accountants rule. Well, IANA.

Moderator: lofx

Charge vs expenses

Postby afalcone » Tue Jun 28, 2005 3:17 am

Hi red1,

excuse that bother it with a very foolish consultation, but you would be able you to explain me the difference between charge and expense? :oops:

Thank you very much

Alejandro
afalcone
Regular
 
Posts: 120
Joined: Fri Jun 24, 2005 4:09 am
Location: Argentina

Postby red1 » Fri Sep 02, 2005 6:58 pm

Charges are for example Bank, Freight, Commissions that are expenses but may be treated separately as from other parties such as bank, shipper, etc.

Expenses can be internal that occured during business operations such as admin, travelling, entertainment... thus these are accounting treatment which is best to ask an accountant of which i m not. Sorry too.

But technically in Compiere, charges have a different window and coding that place it separately during invoice printing, again this may be what the accountant wants.

Thus in your ERP project, usually the owner's accountant comes into heavy reference.
red1
Site Admin
 
Posts: 2759
Joined: Tue Jul 06, 2004 3:01 pm
Location: Kuala Lumpur, Malaysia

Postby afalcone » Mon Sep 05, 2005 8:11 pm

Thank you so much for its answer; it helps me to clarify the theme.

Best regards.
afalcone
Regular
 
Posts: 120
Joined: Fri Jun 24, 2005 4:09 am
Location: Argentina


Return to Accounting Process

Who is online

Users browsing this forum: No registered users and 1 guest

cron