One of the nice things about Odoo is that you can get up and running quickly without having to spend a lot of time setting up complicated accounting and finance options. Odoo does a reasonable job of creating a basic chart of account structures as a starting point, helping you to get familiar with Odoo. When setting up a production system for your company, however, you will want to take the time to properly define your accounting requirements.
In this chapter, we will learn about how to configure accounting in Odoo by covering the following topics:
- Examining and defining the chart of accounts
- Enabling the user to see all accounting features
- Stepping through the complete sales process
- Creating new accounts, viewing reports, and making journal entries