01. Getting Started with Odoo Accounting
Introduction to Odoo Accounting
Understand the Accounting dashboard and key finance functions
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Setting Up a Company in Odoo
Configure company information, currency and accounting settings
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Understanding the Chart of Accounts
Learn account types, account codes and account structures
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Debits & Credits in Odoo
See what happens behind every Odoo transaction
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How Journals Work in Odoo
Sales, Purchase, Bank, Cash and Miscellaneous journals
Video Link:- A journal is like the diary of a business. It is where financial transactions are recorded, showing what happened, when it happened, which accounts were affected, and the amount.
- Journaling means the act of recording those transactions in the journal.
- Computer/Equipment increases → Debit KES 100,000
- Bank decreases → Credit KES 100,000
That recording is called a journal entry.
Transaction → Journal Entry → General Ledger → Financial Reports
And in Odoo, a Journal is also used to group similar transactions. For example:
- Sales Journal → Customer invoices
- Purchase Journal → Vendor bills
- Bank Journal → Bank transactions
- Cash Journal → Cash transactions
- Miscellaneous Journal → Adjustments and manual journal entries
A journal is where accounting transactions are recorded and organized. Journaling is simply the process of recording those transactions.”
Opening Balances
How to bring balances from an existing accounting system
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Accounting Localization
Understand taxes, accounts and country-specific settings
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Accounting User Access
Configure appropriate access for accountants and finance users
Video Link:02. Customer Invoices & Accounts Receivable
Creating a Customer Invoice
Customer → Invoice → Post
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Creating a Customer Invoice
Quotation → Sales Order → Invoice
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Registering Customer Payments
Invoice → Payment
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Partial Customer Payments
Invoice → Partial Payment → Outstanding Balance
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Customer Deposits & Advance Payments
Deposit → Final Invoice
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Customer Credit Notes
Invoice → Credit Note → Reconciliation
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Customer Statements
Review customer activity and outstanding balances
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Aged Receivables
Identify overdue customer balances
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Customer Follow-ups
Manage debt collection
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Customer Credit Limits
Control exposure before making further sales
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