Book Image

Working with Odoo

Book Image

Working with Odoo

Overview of this book

With this practical guide, you will cover the essential modules to get Odoo up and running for your company. After installing Odoo, you will use its sales management application to enter quotes, create sales orders, and invoice customers. You will then learn how to integrate the CRM application to manage your leads and convert them into lucrative opportunities and sales. Next, you will set up your own purchase management system, assigning products to suppliers and tracking orders with the new warehouse management and routing system. Finally, you will learn how to use analytics to track project expenses and keep your accounts simple and easy to maintain and build an Odoo module to extend its functionality and make it work for you. Working with Odoo covers all the core installation and usage functionalities of this popular tool, helping you to fully implement a working ERP system through practical, advanced, real-world examples.
Table of Contents (25 chapters)
Working with Odoo
About the Author
About the Reviewers

Chapter 6. Configuring Accounting Finance

One of the nice things about Odoo is that you can get up and running fairly quickly without having to spend a lot of time setting up complicated accounting and finance options. Odoo does a pretty fair job of creating a basic chart of account structures as a point to get started and to get familiar with Odoo. When setting up a production system for your company. However, you will want to take time to properly define your accounting requirements.

In this chapter, you will learn how to configure accounting in Odoo. This includes:

  • Installing the Accounting and Finance application

  • Examining the chart of accounts

  • Learning how the other applications create transactions in accounting

  • Adding new custom accounts

  • Configuring fiscal years and periods

  • A quick overview of the available accounting reports

  • Closing a period

  • Creating journal entries