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How to Configure Journals
in Odoo 14 Community

INTRODUCTION
❖ Odoo Accounting Journal Entries: An accounting journal is a record of transaction
exchanges requested by date, these transactions are recorded in the name of journal
entries.
❖ Each journal entry shows account names and their credits and debit values.

❖ In Odoo we can create different types of journals.
❖ Sales, Purchase, cash, Bank, and Miscellaneous.
❖ Each journal types have different rules:-
● Sales journal used to post sent customer invoices
● Purchase journal used to post received vendor bills
● Cash type journal used to track daily cash transactions as well as the received
customer payments
● Bank for posting your bank statements, track customer or vendor payments and
all other transactions recorded by your associated bank account
● The last one is Miscellaneous journal type, it is used for anything that doesn’t fit
into the above types.

❖ To configure the journals go to Invoice > Configuration > Journals.

❖ Here you will be able to see the list of the default journals created be odoo. All the journals
present here comes under the basic 5 types Sales, Purchase, cash, Bank, and
miscellaneous.

❖ At first let’s discuss about the journal type Sales. Under Journal Entries you have an
option to add the Default Income Account, Dedicated Credit Note Sequence, etc.

❖ Under Advanced Settings you have an option to add the Control-Access, Payment
Informations, etc.

❖ Next journal type Purchase. Under Journal Entries you have an option to add the Default
Income Account, Dedicated Credit Note Sequence, etc.

❖ Under Advanced Settings you have an option to add the Allowed account types, Allowed
accounts, etc.

❖ Next journal type Cash. Under Journal Entries you have an option to add the Default Income
Account, Dedicated Credit Note Sequence, etc.

❖ Under Payment Configuration you have an option to add the Incoming Payment Method and
Outgoing Incoming Payment Method.

❖ Under Advanced Settings you have an option to add the Allowed account types,
Allowed accounts, etc.

❖ Next journal type Bank. Under Journal Entries you have an option to add the Bank
Account, Suspense Account, etc.

❖ Under Payment Configuration you have an option to add the Outstanding Payment
Accounts, Payment Methods, etc.

❖ Under Advanced Settings you have an option to add the Allowed account
types, Allowed accounts, etc.

❖ Last journal type Miscellaneous. Under Journal Entries you need to enter the journal
Short Code.

❖ Under Advanced Settings you have an option to add the Allowed account types, Allowed
accounts, etc. To get more detailed information you can video tutorial by Cybrosys.

For More
Details
Check our company website for related blogs and Odoo
book.
Odoo for Beginners - Odoo V14
Check our YouTube channel for functional and technical
videos in Odoo.
How to Configure Journals in Odoo 14 Community

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