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Accounting & Invoicing
(Chart of accounts, taxes, reconciliation)
Course Overview
This course covers the essential accounting and invoicing workflows in Odoo, enabling participants to manage financial operations accurately and efficiently. It focuses on system configuration, daily accounting transactions, tax management, and bank reconciliation within Odoo.
Course Objectives
By the end of this course, participants will be able to:
- Configure the accounting module in Odoo
- Set up and manage the chart of accounts
- Create and manage customer and vendor invoices
- Configure taxes and fiscal positions
- Perform bank and payment reconciliation
- Generate key financial reports
Target Audience
This course is ideal for:
- Accountants and finance teams
- Business owners and financial managers
- Odoo functional consultants
- ERP finance users
Prerequisites
- Completion of Odoo Fundamentals (Beginner Level) or equivalent knowledge
- Basic accounting principles knowledge
Course Outline
Module 1: Accounting in Odoo – Overview
- Accounting concepts in Odoo
- Chart of accounts structure
- Accounting configuration overview
Module 2: Chart of Accounts Setup
- Creating and modifying accounts
- Account types and categories
- Journals and journal entries
Module 3: Customer & Vendor Invoicing
- Customer invoices and credit notes
- Vendor bills and refunds
- Invoice lifecycle and validation
- Payment terms and methods
Module 4: Tax Configuration & Management
- Creating and configuring taxes
- Tax groups and tax grids
- Fiscal positions
- Tax application on invoices
Module 5: Payments & Bank Reconciliation
- Payment registration
- Bank and cash journals
- Bank statement import
- Reconciliation process
Module 6: Accounting Reports
- Profit & Loss and Balance Sheet
- General Ledger
- Aged Receivable & Payable reports
- Tax reports
Practical Coverage / Hands-On Work
- Setting up a complete chart of accounts
- Creating and validating invoices and bills
- Applying taxes in real scenarios
- Performing bank reconciliation
- Generating financial reports
Learning Outcome
Participants will be able to configure and manage Odoo’s accounting and invoicing workflows confidently, ensuring accurate financial records and efficient reporting.