Chart of Accoun has no Account Type = "Current Asset", "Current Liability"?

Hi Community,

I am trying to set chart of account by moving from the existing ERP. After discuss with accountants, we just can’t map some account into ERPNext.

We see the list of Account Type in ERPNext,

  • Asset Received But Not Billed
  • Bank
  • Cash
  • Chargeable
  • Capital Work in Progress
  • Cost of Goods Sold
  • Depreciation
  • Equity
  • Expense Account
  • Expenses Included In Asset Valuation
  • Expenses Included In Valuation
  • Fixed Asset
  • Income Account
  • Payable
  • Receivable
  • Round Off
  • Stock
  • Stock Adjustment
  • Stock Received But Not Billed
  • Service Received But Not Billed
  • Tax
  • Temporary

And following are account type in Odoo that I can’t map with ERPNext’s

  • Current Assets
  • Non-current Assets
  • Current Liabilities
  • Non-current Liabilities
  • Current Year Earnings

Sample of accounts

Current Asset -> ???

  • 111999 Bank in Transit
  • 112100 Short term Investments

Non-current Assets -> ???

  • 122100 Long term Investments
  • 123100 Loans to Employees

Current Liabilities --> ???

  • 212100 Short term loans from Owners/Shareholders
  • 212900 Other Short term loans
  • 219100 Accrued Expenses

Non-Current Liabilities --> ???

  • 221000 Long term Loans
  • 311000 Authorised Share Capital

Current year Earning -> ???


But if ERPNext don’t have the equivalent, it is advisable that we just add the above types into Account Types selections? Will that affect financial reports.

Thanks!