Book Image

Working with Odoo 11 - Third Edition

By : Greg Moss
Book Image

Working with Odoo 11 - Third Edition

By: Greg Moss

Overview of this book

Odoo is an all-in-one management software that offers an array of business applications, forming a complete suite of enterprise management applications. Odoo 11 comes with advances on usability, speed, and design. Working with Odoo 11 starts with how to set up Odoo, both online and on your own server. You’ll then configure the basic company settings required to quickly get your first Odoo system up and running. Later, you’ll explore customer relationship management in Odoo and its importance in a modern business environment. You'll then dive into purchasing applications with Odoo, learn some of the primary functionalities of ERP systems for manufacturing operations, and use analytic accounting to provide better reporting. After that, you'll learn how to work with Odoo for mobile, and finally, you will walk through the recent Odoo 11 features with respect to the community and enterprise edition, giving you a complete understanding of what Odoo can do for your business.
Table of Contents (18 chapters)

Setting up your own accounts

For default English installations, Odoo installs the standard United States Chart of Accounts template. Most companies, however, will need to modify this chart of accounts or even set up an entirely different chart of accounts to match the needs of their business. As an example, we are going to add an additional sales account specifically for T-shirts so that we can better organize our sales into types of products.

To set up a new account, go to the Invoicing menu and then down to the Configuration section and, under Accounting, choose Chart of Accounts. Odoo will present you with a list of all your current accounts in Odoo. Click on Create to add a new account:

Note that in our screen, we have specified the account code as 200010. Why did we choose this as the account code? Odoo had already provided 200000 for the general Product Sales account, therefore...