Accounting Data Entry Training for Odoo

1. Odoo Training
—Entering data

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Overview
Odoo ERP
Purchase Sales
Client
Consignment
Warehouse Accounting Human
Resources

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Odoo configuration
• Product Costing method: Real Time (FIFO- First in First Out)
• Inventory Valuation method: Automated (Stock moves affect accounting-
inventory valuation)

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Product Master in Odoo
1. Product Master
a. Product Category/Internal Category
b. Product
i. Costing Method-Real Time (FIFO)
ii. Inventory Valuation method ( Automated)
iii. Income account
iv. Expense Account
v. Stock Valuation Account
vi. Stock Input Account
vii. Stock Output Account

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Partner Master in Odoo
1. Partner Master: Customer & Supplier
a. Contact: Name and Address
b. TIN (same as VAT number)
c. Accounts receivable
d. Accounts Payable
e. Is a customer/supplier?

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Purchase
Request
for
Quotation
Confirm
Order
Receive
Goods
Create
invoice Validate

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Purchase: Accounting
Purchase of 10nos. @ 10dhs each= dhs 100/-
Debit Credit
Purchase
Account
100
Supplier/Partner
Ledger
100
Stock valuation 100
Purchase
Account
100

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Sales
Quotation Confirm
Sale
View
Delivery
Order
Check
Availability Transfer Create
Invoice

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Sales: Accounting
Sale of 10nos. @ 12dhs each= dhs 120/- (selling goods purchased
@10dhs/nos.)
Debit Credit
Sales Account 120
Customer/Partner
Ledger
120
COGS 100
Stock valuation 100

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Warehouse
Warehouse:
Dubai Main
Internal
location:
DXB Stock

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Warehouse short names
Warehouse Short Name
Dubai Main DXB
Sharaf DG SDG
Tarsam TRM
Tecbuy TEC
I Style DFC ISD
I store SCC ISS
Geekay Games GG
E-City EC
Bharthi Van Sales BVAN
Mamachan Van Sales MVAN
PCTQTR PQT
ETO Dubai ETO

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Warehouse operations
Check Quantity on hand
Stock move
Quants
Internal Transfer
Back orders
Negative quantity Products

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Accounting
•Chart of Accounts: Hierarchical structure
•Ledgers: Accounts
•Payment: Supplier Payment
•Receipt: Customer Payment
•Credit Note (with and without products): Supplier Refund
•Debit Note (with and without products): Customer Refund
•Contra: Journal Entries
•Journal: Journal Entries
•Salary advance, salary entries
•Period Closing