We will begin by learning how to view the current chart of accounts in OpenERP. Go to the Accounting menu and choose Chart of Accounts under the Charts submenu. You will be presented with a screen that lets you select Fiscal year and Periods for which you wish to review the Chart of Accounts.
OpenERP will default Fiscal year to the current year, and Periods will default to periods through the current month in the fiscal year.
Click on Open Charts to view the chart of accounts for the specified time frame.
In the previous screenshot, we see the currently configured Chart of Accounts in a hierarchical tree structure. The Liabilities accounts have been opened to demonstrate how OpenERP nests accounts inside each other:
2 – Liabilities 20 – Current Liabilities 2000 – Payable 200010 – Account Payable
The ability to nest accounts inside one another allows reports to roll up totals so you can analyze the financial status of the company at any level...