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
This software and associated files (the "Software") may only be
used
(executed, modified, executed after modifications) if you have
purchased a
valid license from the authors, typically via Odoo Apps,
or if you
have
received a written agreement from the authors of the
Software (see the
COPYRIGHT file).
You may develop Odoo modules that use the Software as a library
(typically
by depending on it, importing it and using its
resources), but
without
copying any source code or material from the
Software. You may distribute
those modules under the license of your
choice, provided that this
license
is compatible with the terms of
the Odoo Proprietary License (For
example:
LGPL, MIT, or proprietary
licenses similar to this one).
It is forbidden to publish, distribute, sublicense, or sell
copies of the
Software or modified copies of the Software.
The above copyright notice and this permission notice must be
included in
all copies or substantial portions of the Software.
THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND,
EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF
MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND
NONINFRINGEMENT. IN NO EVENT
SHALL THE
AUTHORS OR COPYRIGHT HOLDERS
BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
LIABILITY, WHETHER IN AN
ACTION OF CONTRACT, TORT OR OTHERWISE,
ARISING
FROM, OUT OF OR IN
CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER
DEALINGS IN THE
SOFTWARE.
