Odoo 18 & 19 Accounting Mastery: Basics to Advanced Skills

Discover how Odoo 19 uses account groups to organize the chart of accounts. Master root, variant, and composite reports, report lines, multi-column layouts, horizontal groups, and fiscal categories.

Explore online bank synchronization, automatic imports, and payment terms in Odoo 19, plus follow-up levels, automatic reminders, IncoTerms, and product category setup for streamlined finance.

Master credit control, terms, and multi-currency invoicing in Odoo 19, including default and customer-specific credit limits, invoice totals in words, online payments, QR codes, and auto-validate bills.

Explore the basics of the Odoo 18 accounting module, including chart of accounts setup, tax configuration, journals, invoices, vendor bills, payments, and fiscal position tax mapping.

Master multicurrency management in Odoo 18, including configuring currencies, auto and manual exchange rates, unrealized gain or loss reports, and journal entries with asset depreciation modeling.

Learn how to set up analytic and financial budgets in Odoo 18, track budget vs actuals, and handle deferred expenses, deferred revenue, and work in progress with post entries.

Master Odoo 18 accounting by learning how to customize invoice numbering, resequence invoices, and enable batch payments; then manage deferred revenue and perform bank reconciliations.

Learn to configure opening balances in Odoo 18 accounting, set up charts of accounts, and post initial journal entries, then master budget management and multi-company account sharing.

Explore how to configure user rights in Odoo 18 accounting, manage invoicing and bank access, and leverage dynamic reports, analytic accounting, and automated assets.

Explore how to navigate the Odoo accounting module with United States localization, configure taxes, currencies, invoicing, online synchronization, and key financial reports to drive efficiency and growth.

Set up and configure Odoo 18 journals, covering types like sales, purchases, cash, bank, and miscellaneous, with default accounts, credit sequences, shortcodes, bank feeds, and advanced access and email settings.

Explore the Odoo 18 chart of accounts, including codes, types, reconciliation, tags, and default taxes. Learn to navigate and customize accounts across assets, liabilities, equity, and inventory.

Explore how contacts in Odoo 18 function as customers, vendors, or employees, using tags and default sales, purchasing, and accounting settings to streamline orders and billing.

Learn to tailor Odoo 18 financial reports using the new framework to edit, duplicate, and customize balance sheets and other GAAP reports with advanced options and filters, in real time.

Configure stock valuation and default accounts in Odoo 18, with automatic accounting and product category overrides, and select costing methods like standard price, first in, first out, or average cost.

Learn manual inventory valuation in Odoo 18, using average cost and stock valuation to update the balance sheet and apply manual journal entries for cost of revenue.

Learn how standard cost and automated inventory valuation work in Odoo 18, including the standard price, stock valuation, and the net price difference account.

Explore avco in Odoo 18 with automated inventory valuation, updating the average cost price as stock units change, and reflect the impact in cost of revenue during sales.

Learn first in first out inventory valuation in odoo 18 with automated valuation, track cost of goods sold and average cost, plus notes on serialized products and actual cost limits.

Configure inventory adjustments in Odoo 18 to route stock moves to correct accounts under automated inventory valuation, with a net inventory adjustment gain and loss account.

Learn how Odoo 18 automatically accounts for scrap inventory by routing scrap value from stock valuation to cost of goods sold, using dedicated scrap locations and automated journal entries.

Enable landed costs in inventory in Odoo 18 and apply shipping and handling to purchases using split methods like equal, by quantity, by weight, or by volume.

Set up your Odoo accounting by configuring the chart of accounts, journals, and taxes, and apply localization packages for country-specific legal reporting.

Explore internal and external accounting roles in configuring Odoo: chart of accounts, journals, taxes, invoices, bank statements, validation, and the generation of balance sheets and tax reports.

Learn how the chart of accounts in odoo organizes assets, liabilities, equity, income, and expenses, enabling reconciliation and supporting multiple locales with one chart per company.

Learn double entry bookkeeping, where every journal entry balances debits and credits; see how active asset accounts and passive liabilities shape balance sheets and income and expense accounts.

Explore how accounting journals organize transactions in Odoo, configure purchase, sales, bank and cash journals, and set default accounts, sequences, and short codes, plus advanced settings like access controls.

Learn to generate financial reports in Odoo 17, including balance sheets and profit and loss, from journal entries. Explore vendor bills, VAT details, and PDF or Excel exports.

Explore applying country, state, or city taxes in Odoo 17 using localization packages, default taxes, fiscal positions, and tax grids for accurate vat and sales tax handling.

Configure Odoo 17 to automate basic journal entries from customer invoices and vendor bills, using receivables, payables, default income accounts, tax settings, and fiscal positions.

Explore FEFO (first expired, first out) and FIFO removal strategies in Odoo for perishable goods, using expiration dates, lots, and serial tracking to optimize inventory.

Learn how fifo and lifo removal strategies work in Odoo 17, using lots-based traceability and storage locations to rotate stock by arrival dates and optimize order fulfillment.

Configure vendor price lists in Odoo 17 to streamline requests for quotation, prioritize suppliers, and apply volume discounts while keeping prices up to date and searchable.

Manage vendor bills in Odoo 17 using three-way matching and a received-quantities build control policy to ensure accurate invoicing, payments, and back-order handling.

Learn how to use consignment stock in Odoo 17 inventory: enable consignment in settings, receive from a vendor with a receipt, assign ownership, and understand its impact on valuation.

Explore Odoo 17 product types—storable, consumable, and service—and see how stock levels, inventory valuation, and reporting differ with examples like office lamps, bolts, and furniture assembly.

Learn how to use Odoo 17 reordering rules to automate replenishment, generate RFQs and manage minimum and maximum stock levels so sales and production stay stocked.

Explore how the Odoo 17 sales app creates quotations, configures product variations and optional products, and converts orders to deliveries and invoices for streamlined sales revenue.

Learn to configure product variance in Odoo 17 by setting attributes, selecting display types, and managing variance creation mode to offer color options and size variants to customers.

Explore how to apply and customize product variants in Odoo 17 Commerce using attributes like color and size, configure pricing, and present variants in quotes via the product configurator.

Close the fiscal year in Odoo 17 by validating and recording invoices, reconciling accounts, and verifying balance sheet items, then allocate unallocated current year earnings to the next year.

Learn to configure and use analytic accounting in Odoo 17 to monitor cash flow by region and department, create analytic plans and accounts, and support budgeting and forecasting.

Configure budgets in odoo by setting a start date, end date, and selecting journal items for budget lines, tracking planned, practical, and theoretical amounts by budgetary position and analytic accounts.

Explore accounting basics, workflows, and key features in Odoo accounting, including best practices, do's and don'ts, document management, and reporting, through practical, real-life use cases.

Explore how senior accountants configure chart of accounts and journals, validate encodings, and generate balance sheets and tax reports, while CFOs, auditors, and authorities ensure compliance and truthful statements.

Discover how the Odoo chart of accounts and account types, rooted in Belgium’s accounting rules, structure journal entries and reports by class numbers and account types.

Understand the debit and credit concept at the heart of double-entry bookkeeping, and see how journal entries balance across active and passive accounts like bank, supplier, and payroll.

Learn how basic journal entries function in Odoo, including sales, purchases, vendor bills, payments, and credit notes, and master bank reconciliation by matching open items.