Up to this point, we have used the standard United States chart of accounts template provided by Odoo. 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 setup a new account, go to the accounting menu and then down to the configuration section and choose Accounts. Odoo will present you with a listing of all your current accounts in Odoo. Click on Create to add a new account:

Notice in our screen that we have specified the account code as 479110. Why did we choose this as the account code? Odoo had already provided 479100 for the general sales account. Therefore, 479110 was an appropriate account code to choose for our T-shirt sales. For the name of the account, we simply choose T-shirt Sales.

In addition...