In Odoo Analytic Account mainly used for costing purposes. Odoo Analytical accounting uses businesses to track and record for their budgeting and financial statements. It is a very flexible term used in majority sectors inside a company.

2. How to track costs of purchases, sales,
expenses in Odoo
In Odoo Analytic Account mainly used for costing purposes. Odoo Analytical
accounting uses businesses to track and record for their budgeting and financial
statements. It is a very flexible term used in majority sectors inside a company.
Odoo Analytic Accounts are used several modules like Project Management,
manufacturing- production management, human resource expenses, administration
management, etc.
Analytical accounting tools are similar to, but not the same as, general accounting
software, although some general accounting programs include basic analytical
functionality. Analytic accounting helps you to evaluate costs and revenues
everything the use case.
Analytic accounting is flexible and easy to use over Odoo applications like sales,
purchase, timesheet, production, invoice, etc. In this Blog, you are going to discuss
“how to track and analyze project expenditure in Odoo”.

3. Configuration:
Firstly you have to install Sales, Purchase, Expense, Accounting/Analytic
Accounting modules in your database.
Enable Analytical accounting
Now activate the analytical accounting.

4. Go to Accounting-> Settings-> and tick the checkbox of Analytic Accounts-> then
click on the apply button
Now you can enable the analytic accounting for the Purchase module.

5. To Create an Analytical account
Now you have to create an analytical account on which you can point all your
expenses. Go to Accounting module -> Configuration -> and click on the create
button.

6. To Create a Project:
Now, you have to create a project. Whenever you tick the checkbox of the analytic
accounts project creation activity automatically creates an analytic account. You are
creating a project with the name “AGR-S0036” which consists of its own tasks and
general activities:

7. View an analytic account is created at the same time and the project has no credit
and debit now.

8. To create an Expanse account:
Firstly you have to create an expanse product.
Go to Expanse module -> Click on the create button to create expanse product.
Now you can check your project tracking sheet via analytic account cost/revenue
report and you can select the Air flight ticket product and link it to the analytical
account discussed above.

9. To Create a Purchase and Sales Order linked to the
analytical account
The purchase module creates a purchase order for the software product. Now, you
can link the product’s cost with the analytical account. Determine the order line and
select the correct analytical account. Then confirm the sale. Now you can accept the
delivery order and enter the invoice.
At the same time, the invoice is entered the cost price will be booked in the analytical
account.

10. To track costs in accounting
Now that everything is booked and points to the analytical account. Simply
open it to check the costs related to that account.
Go to the Accounting module, click on advisers -> Analytic Accounts-
>Open Charts.
At the same time, you click on the cost and revenue button to view an
overview of all costs linked to the account.
Now you can be selling some products based on our lease project, you should
add its analytic account in sale order.