Video Demo: Vietnam - Subcontracting Management & Accounting
Overview
In Odoo CE:
- Subcontracting locations are considered internal locations under the management of the subcontracting party.
- The system only records accounting journal entries for production costs after completing the finished goods receipt.
However, under Vietnamese regulations:
- Subcontracting locations are external to the management of the subcontracting party and are effectively production sites belonging to the subcontractor.
- At the time materials are issued from inventory and transferred to subcontracting locations, journal entries must be recorded for work-in-progress (WIP) costs.
To address these challenges, the Vietnam - Subcontracting Accounting module is designed to help manufacturing businesses in Vietnam comply with legal requirements while enhancing transparency and legitimacy in production operations.
Key Features
- Automatically record accounting journal entries when resupplying materials for subcontracting.
- Enables the configuration of valuation accounts (Inbound / Outbound) for internal locations marked as subcontracting locations.
- Inbound account: 154 Work-in-progress costs
- Outbound account: 155 Finished goods
- Automatically generates journal entries to record WIP costs when completing material resupply transfers for subcontracting based on configured accounts.
- Resupply materials for subcontracting orders
- Adds a smart button to allow quick creation of material resupply transfers for subcontracting orders.
Benefits
Ensure compliance with legal regulations:
- Helps businesses meet all legal requirements for accounting and production management in Vietnam.
- Ensures accurate and timely recording of WIP costs and related accounting journal entries.
Who Should Use This Module
Manufacturing businesses in Vietnam:
- Businesses involved in subcontracting activities that need to comply with Vietnamese accounting regulations.
- Companies aiming to ensure legal compliance in financial and production management.
Supported Editions
- Community Edition
- Enterprise Edition
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