Odoo 12 accounting features makes accounting and finance simpler and easily accountable. Odoo 12 accounting features enable all those features that can run your business seamless and error-free.
This document outlines basic accounting settings including selecting a variant principle, fiscal year, currencies to use, and setting up a cash journal. It provides configuration options for fundamental accounting parameters.
Sap fi integration with other modules in sap ficowhynet2005
This document discusses the integration between SAP FI (Financials) with other SAP modules like MM (Materials Management), CO (Controlling), and SD (Sales and Distribution). It provides examples of how transactions in these modules result in automatic accounting postings to the FI module. Key points covered include defining accounts and transaction keys to integrate overhead cost allocations from CO, inventory valuations from MM, and revenue/expense accounts from SD billing documents.
SAP FICO General Ledger EndUser Training | www.sapdocs.infosapdocs. info
You can download this material from http://sapdocs.info/sap/fico/download-sap-general-ledger-accounting-enduser-training-ppt-material/
Get more SAP Materials from http://sapdocs.info/sap/
Asset acquisitions can be posted in Asset Accounting integrated with accounts payable, without a purchase order link, through materials management for self-produced assets, or by capitalizing production costs through investment management. The asset value date determines the capitalization and depreciation start dates and affects planned depreciation amounts.
This document provides instructions for configuring a company code in SAP FICO. It begins with an introduction to SAP FI and relevant terminology. It then outlines the steps to define a company, create a company code, assign the company code to a company and chart of accounts, define relevant organizational structures and assign them to the company code, and configure settings for the currency, fiscal year, posting periods, document numbers, and more. The goal is to fully configure company code 1100 for the fictional company ABC Ltd located in the US.
SAP FICO Consultant is one of the SAP modules which is in-demand and recognized internationally. SAPALLOnlineTraining offers online SAP FICO Consultant training
The document provides an overview of SAP's general ledger functionality and processes. It discusses [1] the key master data elements like charts of accounts, account groups, and cost elements; [2] transaction processing including journal entries, foreign currency posting, and document reversal; and [3] periodic processes such as account reconciliation, period-end closing, and reporting. The general ledger acts as the central accounting hub that integrates with other SAP modules to ensure accurate and compliant financial accounting.
Odoo supports Asset Management. In Odoo, the "Assets" module allows you to keep track of your fixed assets like Land & Building , Machinery etc.
Visit: https://www.technaureus.com/asset-management-in-odoo-asset-management-documentation/
This document outlines basic accounting settings including selecting a variant principle, fiscal year, currencies to use, and setting up a cash journal. It provides configuration options for fundamental accounting parameters.
Sap fi integration with other modules in sap ficowhynet2005
This document discusses the integration between SAP FI (Financials) with other SAP modules like MM (Materials Management), CO (Controlling), and SD (Sales and Distribution). It provides examples of how transactions in these modules result in automatic accounting postings to the FI module. Key points covered include defining accounts and transaction keys to integrate overhead cost allocations from CO, inventory valuations from MM, and revenue/expense accounts from SD billing documents.
SAP FICO General Ledger EndUser Training | www.sapdocs.infosapdocs. info
You can download this material from http://sapdocs.info/sap/fico/download-sap-general-ledger-accounting-enduser-training-ppt-material/
Get more SAP Materials from http://sapdocs.info/sap/
Asset acquisitions can be posted in Asset Accounting integrated with accounts payable, without a purchase order link, through materials management for self-produced assets, or by capitalizing production costs through investment management. The asset value date determines the capitalization and depreciation start dates and affects planned depreciation amounts.
This document provides instructions for configuring a company code in SAP FICO. It begins with an introduction to SAP FI and relevant terminology. It then outlines the steps to define a company, create a company code, assign the company code to a company and chart of accounts, define relevant organizational structures and assign them to the company code, and configure settings for the currency, fiscal year, posting periods, document numbers, and more. The goal is to fully configure company code 1100 for the fictional company ABC Ltd located in the US.
SAP FICO Consultant is one of the SAP modules which is in-demand and recognized internationally. SAPALLOnlineTraining offers online SAP FICO Consultant training
The document provides an overview of SAP's general ledger functionality and processes. It discusses [1] the key master data elements like charts of accounts, account groups, and cost elements; [2] transaction processing including journal entries, foreign currency posting, and document reversal; and [3] periodic processes such as account reconciliation, period-end closing, and reporting. The general ledger acts as the central accounting hub that integrates with other SAP modules to ensure accurate and compliant financial accounting.
Odoo supports Asset Management. In Odoo, the "Assets" module allows you to keep track of your fixed assets like Land & Building , Machinery etc.
Visit: https://www.technaureus.com/asset-management-in-odoo-asset-management-documentation/
Odoo accounting has so many features that make it a user-friendly and capable accounting software. There are some cool features like Paypal connectivity, synchronized transaction, instant invoice creating, mail sending, integration with other apps and so on.
This document provides instructions for configuring profit centers in SAP. It begins with basic settings like maintaining controlling area settings, creating a dummy profit center, setting control parameters for actual data, and maintaining plan versions. It then covers master data topics like maintaining the standard hierarchy and creating individual profit centers. The document also discusses optional topics like transfer pricing configuration and planning. It concludes with sections on actual postings and period-end closing. The overall aim is to determine profits for internal areas of responsibility by assigning balance sheet and transactional data to profit centers.
The document discusses bank accounting in SAP. It covers bank master data, which includes defining house banks, bank accounts, and the bank directory. It also covers check processing such as manual check deposit, printing checks, and changing or voiding checks. Additionally, it discusses electronic bank statements, including importing statement data, using posting rules and transactions to automatically post statements, and processing outstanding items on statements.
This document provides steps for configuring and using asset accounting in SAP ECC6. It includes instructions for setting up asset classes, charts of depreciation, screen layouts, account determinations, purchasing and selling assets, running depreciation, transferring assets, scrapping assets, and generating asset balance reports. The document is a guide for customizing and using the key features of SAP's fixed asset management module.
3. Key aspects of creating a planning application covered include setting the data source, application name, shared services project, and instance; defining properties like currency, calendar, and plan types; building out dimensions like Account, Entity, Period,
How to Configure Journals in Odoo 14 CommunityCeline George
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.
Enterprise structures in SAP FICO include defining companies, company codes, business areas, and assigning them. This establishes the organizational units for accounting and reporting. Key steps include defining the chart of accounts, account groups, and creating general ledger master records at the central, company code, or individual level. Proper enterprise structuring in SAP FICO ensures complete and accurate accounting data across the organization.
Here are some potential questions you may be asked in an SAP FI/CO interview:
Configuration:
- Walk through the steps to configure a basic chart of accounts
- Explain how to set up fields status variants and field status groups
- Describe the process of integrating FI with other modules like MM, SD, etc.
- Configure accounts receivable and accounts payable
- Set up special GL transactions like down payments
Functional:
- Explain the accounting principles in FI/CO like debits/credits, periodic vs. perpetual etc.
- Describe the different types of documents in FI like journal entries, invoices etc.
- Explain the purpose and usage of reconciliation accounts
- Disc
A business requirement may arise making it necessary for you to move Fixed assets from one
company code to another (intercompany assets transfer for Eg: From company code XXX to YYY)
or from one organization unit to another, within the same company code (intracompany transfer).
The end to end process of fixed asset transfers involves configuration settings as well as user
frontend activities.
This posts will discuss the process of intercompany asset transfer end to end. It is assumed that the
reader has, at the very least, a basic knowledge of Asset Accounting. The complete cycle of
intercompany fixed asset transfer will include the below steps:
I. Prerequisites/ Configuration steps: (Asset accounting configuration should be
available in the system, apart from below configurations are required)
1. Creation of GL Accounts
2. Define Transfer Variants
3. Assign G/L Accounts Determination
4. Activate Inter-company postings for Asset document type (AA)
II. Intercompany Asset Transfer Steps (End User):
1. Executing an intercompany asset transfer transaction
2. Display document
3. Cross company code document display
4. Asset explorer
This document provides instructions for requesting a customer down payment in SAP. It explains that down payments use special GL indicators to post to alternative accounts. It outlines the menu path and transaction code to create a customer down payment request, and describes the required fields for the header data, such as document date and currency. It also describes how to enter the document line item, including amount and due date fields. Finally, it notes that the overview button displays the document and the save button posts it.
This document provides an overview of key components and features of financial accounting in SAP, including the general ledger, accounts payable, accounts receivable, asset accounting, and bank accounting. It describes the organizational structure for accounting including company codes and charts of accounts. It also lists features such as real-time integration between modules, document control functions, multicurrency support, and automatic processes for payments, depreciation, and more.
1. The document provides an overview of SAP Controlling and its four main elements: Cost Element Accounting, Cost Center Accounting, Internal Orders Accounting, and Profit Center Accounting.
2. It describes how to set up the main components of Controlling like maintaining controlling areas and versions, creating cost elements, cost centers, and internal orders.
3. Steps are outlined for tasks like posting journal entries, generating reports, and planning in Controlling.
This document provides an overview of SAP FI-SD integration and account determination. It discusses the integration at the enterprise, master data, and transaction levels. It also covers prerequisites like material and customer masters, pricing procedures, and condition records. The document then outlines the steps to configure account determination, including defining condition tables, access sequences, account determination procedures, account keys, and assigning G/L accounts. It provides screenshots of relevant transaction codes and configuration steps.
This document outlines an agenda for a workshop on defining the organization structure for Chico Creek Brewery in SAP. The agenda includes reviewing the customer's key business processes in areas like finance, procurement, logistics, sales and production. It also involves defining the appropriate organizational elements in SAP like company codes, controlling areas, profit centers, cost centers, purchasing organizations, plants and storage locations based on the brewery's business processes and reporting needs. The overall goal is to implement SAP R/3 at Chico Creek Brewery to help them run their business processes in a more productive and efficient manner.
This document provides instructions for configuring SAP's New General Ledger (GL). Key steps include:
1. Defining ledgers, currencies, and assigning scenarios. A leading ledger is designated which is integrated across company codes.
2. Setting up document splitting to allocate transactions along dimensions like segment and profit center. General ledger accounts and document types are classified for splitting.
3. Activating functions and updating tables in Customizing once New GL is turned on.
4. Various end user transactions are demonstrated like entering a vendor invoice and viewing postings in non-leading ledgers. Reports are also configured to display balances by characteristic.
This document provides an introduction to SAP and ERP systems. It discusses business processes without an ERP system and how they become fragmented and inefficient. The document then introduces SAP and ERP systems, explaining how they integrate business functions and provide a centralized system. It discusses the history and modules of SAP, including FI, CO, SD, MM, PP, and others. It also covers R/3 architecture, clients, and the benefits of a client/server model. Finally, it includes some review questions about SAP modules and concepts.
New GL parallel ledgers in asset accounting Hari Krishna
We can use parallel ledgers in asset accounting to value assets according to different accounting principles. The document outlines how to configure parallel ledgers for US GAAP and Indian GAAP valuations. Key steps include defining depreciation areas, assigning them to asset classes and general ledger accounts, and setting up periodic posting. Testing shows parallel acquisition and depreciation postings are made to the respective ledgers according to the depreciation areas assigned in the asset master. Retiring the asset then results in different gains/losses posted to each ledger.
This document provides instructions for implementing new Asset Accounting in SAP S/4HANA with Simple Finance. It outlines 15 steps to take in the customizing system and downstream systems. Key steps include installing SAP Simple Finance, migrating to the new General Ledger, migrating charts of depreciation, making additional customizing settings, activating the new Asset Accounting, and transporting the customizing changes to downstream systems. The document also provides details on copying reference charts of depreciation, assigning charts of depreciation to company codes, specifying number assignment across company codes, specifying account determination, and defining number range intervals.
Objectives of the study :
1. To study the meaning, definition, and advantages of computerized accounting.
2. To study the comparison between Manual Accounting & Computerized Accounting System.
3. To know the accounting software Tally, it’s features and different versions.
4. To study the preparation of vouchers, steps, selections, types, altering, deleting of vouchers.
5. To understand the feeding of data and generation of report.
How to manage cash basis and accrual basis accounting in odooPlanetOdoo
In Odoo there are two various methods used to record accounting transactions like Case basis and Accrual basis accounting. Odoo accounting handle both accrual and cash basis reporting.
Odoo accounting has so many features that make it a user-friendly and capable accounting software. There are some cool features like Paypal connectivity, synchronized transaction, instant invoice creating, mail sending, integration with other apps and so on.
This document provides instructions for configuring profit centers in SAP. It begins with basic settings like maintaining controlling area settings, creating a dummy profit center, setting control parameters for actual data, and maintaining plan versions. It then covers master data topics like maintaining the standard hierarchy and creating individual profit centers. The document also discusses optional topics like transfer pricing configuration and planning. It concludes with sections on actual postings and period-end closing. The overall aim is to determine profits for internal areas of responsibility by assigning balance sheet and transactional data to profit centers.
The document discusses bank accounting in SAP. It covers bank master data, which includes defining house banks, bank accounts, and the bank directory. It also covers check processing such as manual check deposit, printing checks, and changing or voiding checks. Additionally, it discusses electronic bank statements, including importing statement data, using posting rules and transactions to automatically post statements, and processing outstanding items on statements.
This document provides steps for configuring and using asset accounting in SAP ECC6. It includes instructions for setting up asset classes, charts of depreciation, screen layouts, account determinations, purchasing and selling assets, running depreciation, transferring assets, scrapping assets, and generating asset balance reports. The document is a guide for customizing and using the key features of SAP's fixed asset management module.
3. Key aspects of creating a planning application covered include setting the data source, application name, shared services project, and instance; defining properties like currency, calendar, and plan types; building out dimensions like Account, Entity, Period,
How to Configure Journals in Odoo 14 CommunityCeline George
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.
Enterprise structures in SAP FICO include defining companies, company codes, business areas, and assigning them. This establishes the organizational units for accounting and reporting. Key steps include defining the chart of accounts, account groups, and creating general ledger master records at the central, company code, or individual level. Proper enterprise structuring in SAP FICO ensures complete and accurate accounting data across the organization.
Here are some potential questions you may be asked in an SAP FI/CO interview:
Configuration:
- Walk through the steps to configure a basic chart of accounts
- Explain how to set up fields status variants and field status groups
- Describe the process of integrating FI with other modules like MM, SD, etc.
- Configure accounts receivable and accounts payable
- Set up special GL transactions like down payments
Functional:
- Explain the accounting principles in FI/CO like debits/credits, periodic vs. perpetual etc.
- Describe the different types of documents in FI like journal entries, invoices etc.
- Explain the purpose and usage of reconciliation accounts
- Disc
A business requirement may arise making it necessary for you to move Fixed assets from one
company code to another (intercompany assets transfer for Eg: From company code XXX to YYY)
or from one organization unit to another, within the same company code (intracompany transfer).
The end to end process of fixed asset transfers involves configuration settings as well as user
frontend activities.
This posts will discuss the process of intercompany asset transfer end to end. It is assumed that the
reader has, at the very least, a basic knowledge of Asset Accounting. The complete cycle of
intercompany fixed asset transfer will include the below steps:
I. Prerequisites/ Configuration steps: (Asset accounting configuration should be
available in the system, apart from below configurations are required)
1. Creation of GL Accounts
2. Define Transfer Variants
3. Assign G/L Accounts Determination
4. Activate Inter-company postings for Asset document type (AA)
II. Intercompany Asset Transfer Steps (End User):
1. Executing an intercompany asset transfer transaction
2. Display document
3. Cross company code document display
4. Asset explorer
This document provides instructions for requesting a customer down payment in SAP. It explains that down payments use special GL indicators to post to alternative accounts. It outlines the menu path and transaction code to create a customer down payment request, and describes the required fields for the header data, such as document date and currency. It also describes how to enter the document line item, including amount and due date fields. Finally, it notes that the overview button displays the document and the save button posts it.
This document provides an overview of key components and features of financial accounting in SAP, including the general ledger, accounts payable, accounts receivable, asset accounting, and bank accounting. It describes the organizational structure for accounting including company codes and charts of accounts. It also lists features such as real-time integration between modules, document control functions, multicurrency support, and automatic processes for payments, depreciation, and more.
1. The document provides an overview of SAP Controlling and its four main elements: Cost Element Accounting, Cost Center Accounting, Internal Orders Accounting, and Profit Center Accounting.
2. It describes how to set up the main components of Controlling like maintaining controlling areas and versions, creating cost elements, cost centers, and internal orders.
3. Steps are outlined for tasks like posting journal entries, generating reports, and planning in Controlling.
This document provides an overview of SAP FI-SD integration and account determination. It discusses the integration at the enterprise, master data, and transaction levels. It also covers prerequisites like material and customer masters, pricing procedures, and condition records. The document then outlines the steps to configure account determination, including defining condition tables, access sequences, account determination procedures, account keys, and assigning G/L accounts. It provides screenshots of relevant transaction codes and configuration steps.
This document outlines an agenda for a workshop on defining the organization structure for Chico Creek Brewery in SAP. The agenda includes reviewing the customer's key business processes in areas like finance, procurement, logistics, sales and production. It also involves defining the appropriate organizational elements in SAP like company codes, controlling areas, profit centers, cost centers, purchasing organizations, plants and storage locations based on the brewery's business processes and reporting needs. The overall goal is to implement SAP R/3 at Chico Creek Brewery to help them run their business processes in a more productive and efficient manner.
This document provides instructions for configuring SAP's New General Ledger (GL). Key steps include:
1. Defining ledgers, currencies, and assigning scenarios. A leading ledger is designated which is integrated across company codes.
2. Setting up document splitting to allocate transactions along dimensions like segment and profit center. General ledger accounts and document types are classified for splitting.
3. Activating functions and updating tables in Customizing once New GL is turned on.
4. Various end user transactions are demonstrated like entering a vendor invoice and viewing postings in non-leading ledgers. Reports are also configured to display balances by characteristic.
This document provides an introduction to SAP and ERP systems. It discusses business processes without an ERP system and how they become fragmented and inefficient. The document then introduces SAP and ERP systems, explaining how they integrate business functions and provide a centralized system. It discusses the history and modules of SAP, including FI, CO, SD, MM, PP, and others. It also covers R/3 architecture, clients, and the benefits of a client/server model. Finally, it includes some review questions about SAP modules and concepts.
New GL parallel ledgers in asset accounting Hari Krishna
We can use parallel ledgers in asset accounting to value assets according to different accounting principles. The document outlines how to configure parallel ledgers for US GAAP and Indian GAAP valuations. Key steps include defining depreciation areas, assigning them to asset classes and general ledger accounts, and setting up periodic posting. Testing shows parallel acquisition and depreciation postings are made to the respective ledgers according to the depreciation areas assigned in the asset master. Retiring the asset then results in different gains/losses posted to each ledger.
This document provides instructions for implementing new Asset Accounting in SAP S/4HANA with Simple Finance. It outlines 15 steps to take in the customizing system and downstream systems. Key steps include installing SAP Simple Finance, migrating to the new General Ledger, migrating charts of depreciation, making additional customizing settings, activating the new Asset Accounting, and transporting the customizing changes to downstream systems. The document also provides details on copying reference charts of depreciation, assigning charts of depreciation to company codes, specifying number assignment across company codes, specifying account determination, and defining number range intervals.
Objectives of the study :
1. To study the meaning, definition, and advantages of computerized accounting.
2. To study the comparison between Manual Accounting & Computerized Accounting System.
3. To know the accounting software Tally, it’s features and different versions.
4. To study the preparation of vouchers, steps, selections, types, altering, deleting of vouchers.
5. To understand the feeding of data and generation of report.
How to manage cash basis and accrual basis accounting in odooPlanetOdoo
In Odoo there are two various methods used to record accounting transactions like Case basis and Accrual basis accounting. Odoo accounting handle both accrual and cash basis reporting.
Odoo ERP software helps accounting departments process accounts payable, accounts receivable, and payroll. It allows users to create and send professional invoices, receive online payments, and automate payment reminders. The accounting features are connected to other Odoo apps like sales, purchases, inventory, and subscriptions. It supports features like managing charts of accounts, taxes, prices, currencies, payments, bank reconciliation, and generating key financial reports.
The document provides an overview of bookkeeping, describing how it has evolved from manual record keeping using journals and ledgers to today's computerized accounting systems. It discusses the key accounting concepts of double-entry bookkeeping, debits and credits, accrual vs cash basis accounting, and the general ledger system of organizing financial transactions into asset, liability, equity, income and expense accounts.
The document provides an overview of bookkeeping, describing how it has evolved from manual record keeping using journals and ledgers to today's computerized accounting systems. It discusses the key accounting concepts of double-entry bookkeeping, debits and credits, accrual vs cash basis accounting, and the general ledger system of accounts. Specifically, it explains how bookkeeping involves recording financial transactions into appropriate general ledger accounts, and how the accounts are classified for the balance sheet and income statement.
Complete overview of the odoo 13 invoicing processPlanetOdoo
The document provides an overview of Odoo's invoicing process and configuration. It discusses how to create and send invoices based on sales orders, timesheets, delivered quantities, and milestones. It also covers how to generate credit notes from existing invoices and how to record payments against credit notes. The key steps include setting the invoicing policy, confirming sales orders, filling timesheets, updating delivered quantities, validating invoices, and registering payments in Odoo.
Prepare for your interview with these top 20 SAP FICO interview questions. For more IT Profiles, Sample Resumes, Practice exams, Interview Questions, Live Training and more…visit ITLearnMore – Most Trusted Website for all Learning Needs by Students, Graduates and Working Professionals.
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Odoo 12 perfectly pitches to the matching of entity’s accounting records to corresponding bank statement info. Bank reconciliation in Odoo 12 is simple to carry forward with.
Odoo Accounting allows users to generate various reports, manage budgets, track assets, and perform accounting activities like recording transactions. Key reports include profit and loss, balance sheet, cash flow, and aged receivables/payables. Budgets can be defined based on criteria and compared to actuals. Assets management tracks purchases and sales of fixed assets and computes depreciation.
The document discusses the benefits of a cloud accounting solution over traditional accounting methods. A cloud accounting system provides real-time access to financial information, enabling better business decision making. It allows for automated processing of bank transactions and invoices. Users get a financial dashboard and instant reports. The solution also offers security, maintenance-free upgrades, and lower fees compared to traditional accounting.
This document describes a cloud accounting solution that provides real-time financial reporting and management tools. It highlights that traditional accounting is outdated and only provides information 9 months after the year-end. The cloud solution allows 24/7 access to up-to-date financial reports on any device. It also lowers accounting fees and provides fixed pricing plans. The solution offers Essential, Advanced, and Total packages that vary in features and support provided.
The document provides information for setting up the books for a hair salon business called Shortcuts using MYOB AccountRight software. It includes:
1) Details of the business operations, policies and procedures for receipts, payments and petty cash.
2) Opening balances for bank accounts, assets, liabilities and equity from the previous month.
3) Instructions to establish a chart of accounts, enter opening balances, reconcile the bank and print reports to validate the setup.
Department Billing Class Job Aids updt.pptssuserca07521
This document provides an overview and training on PeopleSoft billing for departmental users at UVM. It covers the basic UVM billing business processes in PeopleSoft, how to navigate and use key functions like entering a new bill, adjusting bills, and viewing customer payment information. The goals are to explain the online bill entry process, available reporting tools, and provide resources for support.
In Odoo erp system the accounting is correctly configured with manufacturing, warehouse/ inventory, sales, purchase, etc. So you can get the complete report about your business transactions. This helps to correctly track the deliveries, manufacturing, etc.
Accounts Payable (AP) is a key aspect of financial management that deals with a company's short-term obligations to creditors or suppliers. The basics of accounts payable are as follows:
1.Invoice Processing:
Accounts payable begins with receiving an invoice from your supplier. This invoice describes the amount owed for goods or services provided.
1. The document discusses various SAP FICO interview questions and answers related to topics like IBAN numbers, blocking payments for vendors, correcting payment mistakes, assigning dunning procedures to multiple companies, internal number ranges, configuring company codes and business areas, purchase order lifecycles, and more.
2. It also provides detailed explanations for questions about topics such as GR/IR clearing accounts, advantages of distribution controlling, uploading asset balances mid-year, carrying document balances to the next fiscal year, customizing for vendors that are also customers, and differences between various SAP terms.
3. Many answers reference specific SAP transaction codes useful for the given tasks or concepts.
The document discusses accounting vouchers in Indian accounting. It explains that the accounting voucher module, account_india_voucher, can be installed from the extra-addons on Launchpad. The module implements common voucher types like receipts, payments, contra entries and allows workflow with draft, performa and posted states. The module automatically selects debit/credit accounts and calculates amounts based on the voucher type and accounts selected. Reports are generated for each voucher similar to Tally formats. Filters can be used to search for vouchers by type and state.
Handling Payments SAP Business One v9.pdfdbbqck2cr8
This document provides an overview of handling payments in SAP Business One. It describes the steps in the payment process, including incoming payments, deposits, and outgoing payments. For incoming payments, it explains how payments are initially recorded in clearing accounts before being deposited to the bank account. Outgoing payments debit the vendor and credit the bank. The Payment Wizard allows automating payment creation for bank transfers, checks, and bills of exchange.
Odoo Experience 2018 - How to Manage Accounting Firms with Odoo?ElínAnna Jónasdóttir
1) Odoo can help accounting firms go paperless, automate accounting processes, improve reporting, and scale up their activity.
2) It allows them to organize documents, automate invoicing and reconciliation, and create improved audit reports.
3) Odoo also provides tools for accounting firms to manage client databases, set up new client accounts, and invoice clients for services using projects, subscriptions, and expenses.
The document discusses a Cybrosys app that allows rounding off invoice amounts in Odoo ERP. The app creates separate journal entries to balance the books when rounding occurs. It allows configuring a rounding account and displays the original total, rounded total, and rounding difference on invoices. Journal entries show debit/credit transactions to the rounding account to balance the books for the rounding amount.
How Barcodes Can Be Leveraged Within Odoo 17Celine George
In this presentation, we will explore how barcodes can be leveraged within Odoo 17 to streamline our manufacturing processes. We will cover the configuration steps, how to utilize barcodes in different manufacturing scenarios, and the overall benefits of implementing this technology.
How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
How to Build a Module in Odoo 17 Using the Scaffold MethodCeline George
Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
How to Manage Notification Preferences in the Odoo 17Celine George
In this slide, we will explore the world of notification preferences in Odoo 17. We will discuss how to manage and customize the way we receive updates and alerts within the platform. By understanding these settings, we can ensure that we stay informed about the most relevant information while avoiding notification overload.
How to the fix Attribute Error in odoo 17Celine George
AttributeError in odoo is one of the most common errors in odoo which can be defined as the error raised when we try to access or assign an attribute that doesn’t exist in the class of the object. In this slide we will discuss on how to fix object has no attribute error in odoo 17.
Incoming and Outgoing Shipments in 2 STEPS Using Odoo 17Celine George
In Odoo 17, the process of managing incoming and outgoing shipments is streamlined into two efficient steps, simplifying logistics management. This feature optimizes the workflow by reducing complexity and increasing productivity, ensuring smooth operations for businesses. With Odoo 17, users can easily track and manage their shipments from start to finish, improving overall efficiency and enhancing the customer experience.
An Overview of the Odoo 17 Discuss App.pptxCeline George
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2. INTRODUCTION
Accounting is a necessary process for any organization. Precise accounting is indeed needed for the
smooth running of the company without any financial losses. Any error happening in the accounting
area will directly affect the financial stability of the company. So accurate accounting is unavoidable for
any company. Now to aid the accounting activities of a company, the software can be made use of, if it
is an ERP software things get even better. Odoo 12 accounting is very capable accounting software
which can make your business run smoothly without much hassles.
There are many features which make Odoo 12 a very capable accounting software. Synchronized
transactions, Paypal connectivity, instant invoice creation, mail sending, integration with other Odoo
apps and report making are some of the very distinctive features of Odoo 12 accounting.
3. Odoo accounting features
1. Double entry: Odoo 12 accounting automatically creates an additional entry for each of the
accounting transactions like customer invoices, the point of sales, inventory movement expenses etc.
For this double-entry bookkeeping system is put into practice. With these journal entries are fully
stabilized.
2. Cash basis and accrual: Accrual and cash basis methods are supported in Odoo 12 accounting. With
this income/expense at the time of transactions or payment can be reported.
3. Multi-company support: Odoo 12 accounting is robust enough to manage several companies.
4. Multi-currency support: The Odoo 12 accounting also provides multi-currency support. In case if
you have to make a transaction with other countries, Odoo 12 accounting can be made use of.
5. International standard: More than 50 countries are supported in Odoo 12 accounting thus making it
internationally suitable and standard. For each country, specific modules are there to meet their
standards.
6. Accounts receivable and payable: A single account is used in Odoo 12 accounting for all receivable
and payable account entries. There are options to create separate accounts based on customers also.
4. 7. Financial reports: Real-time financial report creation is also made possible with Odoo 12.
Various reports like management reports, performance reports, cash reports etc. can be created
using Odoo 12 accounting software.
8. Automatic bank feeds: Importing bank feeds automatically is also possible in Odoo 12
accounting. Odoo 12 accounting supports bank reconciliation and makes the task easy by
importing bank statements directly from your bank to Odoo account. Odoo 12 accounting speeds
up the bank reconciliation process altogether.
9. Tax calculation: Odoo 12 accounting provisions with the easy calculation of taxes via using
details of accounting transactions for a tax period.
10. Inventory valuation: Odoo 12 accounting also helps in inventory valuation. Both manual and
automatic valuations are possible in Odoo 12 accounting software.
11. Retained earnings: The part of income which you have with you from doing your business is
called retained earnings. With Odoo 12 accounting the current year earnings are calculated
automatically. This eliminates the possibilities of year-end journals and rollovers.
5. Odoo accounting for entrepreneurs
Here we discuss the various features Odoo 12 accounting has to offer exclusively for entrepreneurs.
1. Chart of accounts: The Odoo 12 accounting chart of accounts deals with the balance sheet or P&L
accounts.
2. Journal entries: The financial documents associated with a company is recorded as a journal entry in
Odoo 12 accounting.
3. Reconciliation: The process of matching credits and debits by linking journal items of an account is
also made possible in Odoo 12 accounting.
4. Bank reconciliation: The bank reconciliation process can easily be done using Odoo 12 accounting
software.
5. Checks handling: Odoo 12 accounting can handle both internal wire transfer and also can manage
checks.
6. Setup
Now we will discuss how to set up the Odoo 12 accounting.
There is an implementation guide in Odoo 12 accounting. Follow the steps in the implementation
guide to configure the accounting application. Once the Odoo 12 accounting application is
installed, the implementation guide can be accessed from the top right progress bar.
There are several steps for configuration. Once a step is completed you should check ‘mark as
done’ button to track the progress of the configuration.
7. Odoo accounting process
From customer invoice to payment collection
Odoo 12 accounting support different types of invoicing and payment workflows from which you can
select the one which suits your business.
Invoice creation: From sales orders, purchase orders etc. we can manually generate draft invoices. A
customer shall be provided with an invoice having all necessary information. Now we will see different
areas of invoicing;
1. Draft invoices: The invoices created by the system which are set to draft state are called draft
invoices. These are invalidated and don't have any impact on the system.
2. Open invoices: Various details like price, quantity, dates, parties involved, tax details etc. will be
there on an invoice. Now when an invoice is ready you can validate it, then the draft invoice will be
changed to open invoice. A unique number will be provided by Odoo once the invoice is validated.
8. Along with these accounting entries are also automatically created.
3. Sending invoice to the customer: After validating the invoice you can send it to the
customer through email.
9. 4. Payment: When the account entry and payment entry are reconciled Odoo will consider the
invoice as paid. If reconciliation doesn’t happen invoice will still be in the open state.
5. Partial payment through bank statement: The bank statements can be either entered
manually or be imported from a CSV file. Also, it can be entered according to the accounts
localization.
6. Reconcile: Next step is the reconciliation step
10. Mass reconciliation and individual reconciliation are possible in Odoo 12. Once reconciliation is done
the invoice will display “you have outstanding payments for this customer. You can reconcile them
to pay the invoice”.
11. Once you apply for the payment it will be added along with the invoice.
7. Payment follow up: Tracking the payment and keeping a regular follow up is always necessary
since each customer behaves differently. In case of overdue and all, you can take necessary
actions using Odoo 12 accounting. In the case of overdue, you can go to customer record and
access the overdue payments. There you can notice the follow-up message and invoices which are
overdue.
12. 8. Customer aging report: To know about customer credit issues and plan the work accordingly the
customer aging report can be made use of.
9. Profit and loss: The details about the revenue and expense can be accessed from profit and loss
statements. This gives you a clear idea about the present situation of your business.
13. 10. Balance sheet: All the details regarding liabilities, assets, and equity of a company can be viewed
from the balance sheet.
14. From vendor bill to payment
You can pay vendors for the amount which they require using Odoo 12. For this, you have to
register to vendor bills in Odoo.
Now we can see the various steps of vendor bill payment;
1. Recording new vendor bill: To record a vendor bill, go to the accounting application. From
there select purchases -> vendor bills. The new bill feature on accounting dashboard can be used
as an alternative.
15. 2. Validated vendor bill: After the vendor bill gets validated, based on the invoice, a journal entry
too will be created.
3. Paying a bill: By clicking on register a payment you can create the payment for open vendor bill.
Now select the payment method and the amount to pay. All the other remaining balance of bill
will be proposed by Odoo. The vendor invoice number will be set as a reference in the memo field.
4. Printing vendor checks: We can also pay the vendor bills by check, Odoo has got the capability
for that too. From the accounting dashboard, we will get information about the checks left to be
printed.
16. 5. Reporting: The aged payable balance can be used to get a list of open vendor bills and their due
dates. This can be accessed from the reporting menu.
With all these features, Odoo 12 accounting software is a total solution for all the account related
activities. With the use of Odoo 12 accounting software, an error-free and more efficient account
system are guaranteed for your business.