
Explore how to configure Odoo's accounting module with US localization, developer mode, and default tax, currency, and bank settings; navigate journals, customers, vendors, invoicing, and reporting.
Explore how to configure and manage journals in Odoo 18, including sales, purchases, cash, bank, and miscellaneous types, with defaults, sequences, and advanced settings for payments and reconciliation.
Explore how to navigate and customize the Odoo 18 chart of accounts, including asset, liability, equity, and profit and loss accounts, with journal settings, tagging, and reconciliation.
Explore how Odoo 18 contact management unifies customers, vendors, and employees with default addresses, tags, and sales, purchasing, and tax settings for streamlined invoicing.
Learn how to use Odoo 18’s new financial report framework to view, edit, and create balance sheet and other GAAP reports, with drill-down, filtering, and real-time updates.
Configure Odoo 18 inventory accounting by selecting valuation methods (standard price, first in, first out, average cost) and mapping income, expense, and price difference accounts at category and product levels.
Learn how to perform manual inventory valuation in Odoo 18, update the balance sheet with manual journal entries, and reconcile stock valuation with purchases and sales.
Configure standard price in Odoo 18 to drive automated inventory valuation and capture price differences with a net price difference account; track journal entries from receipts and bills.
Explore how Odoo 18 uses avco with automated inventory valuation to update average cost, reflect stock value in reports, and generate journal entries through sales and purchasing flows.
Master FIFO inventory with automated evaluation, showing how the average cost on hand drives the cost of goods sold and is reflected in the product template and valuation report.
Learn to configure inventory adjustment locations in Odoo 18 for automated valuation, set incoming and outgoing accounts, and record journal entries for net inventory adjustment gains and losses.
Discover how scrap inventory in odoo 18 moves value from stock to cost of goods sold through scrap locations and automatic journal entries, updating the p&l and balance sheet.
Explore how to apply landed costs in Odoo 18, shipping and handling, and adjust inventory valuation and cost of goods sold using split methods.
Navigate end-to-end manufacturing in Odoo, from CAD and BOM to procurement, inventory, and production, with MO and work orders and quality control.
Learn to create and optimize a bill of materials in Odoo 18, configure work orders and operations, set dependencies, and manage manufacturing orders for efficient production.
Master setting up work centers, BOMs, and work orders in Odoo, and optimize operations across locations with alternative centers and cost-aware planning.
Learn to manage multiple work centers in Odoo 18 by enabling work orders, creating alternative work centers, and routing manufacturing orders to available centers to avoid bottlenecks.
Learn to configure work centers in Odoo 18, adjusting time efficiency, capacity, setup and cleanup times, and use planning and manufacturing orders to create realistic production schedules.
Learn how to subcontract manufacturing in Odoo 18 with resupply workflows and bom setups. Explore how to use subcontractors, delivery slips, and finished goods shown in stock.
Explore one, two, and three step manufacturing in Odoo, including transfers, work orders, shop floor oversight, and how product variants and optional assemblies enable customized production.
Explore how to configure byproducts in Odoo manufacturing, assign cost shares, and track wood waste within BOMs and operations for sustainable output and precise cost analysis.
Learn how back orders influence supply chain performance, master production schedule, and production planning in odoo 18, using a three-step manufacturing workflow and case study to optimize overall equipment efficiency.
Master PLM and waste management in Odoo 18 by scrapping defective components, tracking production losses with an expense and inventory valuation journal, and enforcing quality alerts for root-cause analysis.
Optimize inventory lead times with Odoo MRP by enabling engineer-to-order workflows, configuring routes and template BOM, and automating replenishment through reordering rules and manufacturing orders.
Learn how to compute bom cost versus product cost, configure standard price or fifo, and set hourly costs by work center or employee, then track work order time and cost.
Explore how Odoo MRP uses average costing to update product and component costs across manufacturing orders, BOMs, and replenishment, improving inventory analysis and cost visibility.
Master standard price costing and bill of materials in Odoo 18 to cost products from components and operations. Explore fifo costing and multiple work centers to optimize production planning.
Learn how the Odoo shop floor module streamlines two-step manufacturing with bills of materials, operations, and work orders, including scrap and add component workflows.
Explore types of manufacturing processes, manufacturing operations, and sustainability while using timesheets and tasks to track hours, automate purchases, link analytic accounts, and streamline invoicing in Odoo.
Implement automated inventory valuation after manufacturing by applying average cost, standard price, and fifo methods, updating component and finished product costs as orders and bom flow proceed.
Master small business accounting by setting up a bank account, choosing cash or accrual, and establishing a chart of accounts for tax readiness.
Improve financial reporting accuracy by maintaining accurate records, setting up a tailored chart of accounts, integrating systems, and applying internal controls to ensure reliable financial statements and regulatory compliance.
Learn how regular audits, internal controls, and reviews ensure compliance and accurate financial records, while financial reporting and budgeting drive cash flow and strategic planning with automation and machine learning.
Explore cash flow management strategies, including smart client billing, invoicing, and AP automation to improve cash flow and manage payments effectively.
Explore ten practical ways to manage assets by applying cash flow analysis, free cash flow, and cash flow forecasting, and using NPV and IRR to evaluate proposals.
Mastering accounts receivable teaches accurate client billing, invoicing steps, payment terms, and cash flow management while comparing hourly, project-based, retainer, flat rate, value-based, and subscription methods.
Learn how current assets drive liquidity and working capital, distinguish them from long-term assets, and read balance sheets to manage cash flow and solvency.
Explore depreciation and amortization for tangible and intangible assets, using straight-line and declining balance, within CRA capital cost allowances and financial reporting contexts.
Maximize liquidity by managing quick assets, cash on hand and accounts receivable, to cover short-term liabilities, while inventories and prepaid expenses are not quick assets.
Explore how accounts payable and other liabilities shape cash flow and balance sheets, with emphasis on current versus long-term liabilities, working capital, and three-way matching.
Learn to read and analyze cash flow statements, using direct or indirect methods, classify operating, investing, and financing activities, and assess net cash position and free cash flow.
Measure and manage liquidity by tracking current assets and current liabilities, using quick, current, and cash ratios, benchmarking against industry standards to guide growth planning.
Define your cost object and classify costs as direct or indirect. Identify variable costs and fixed costs and key cost drivers to improve profitability and pricing decisions.
Explain how variable costs change with production, including direct labor and raw materials, and show how to calculate total variable costs and variable cost per unit for budgeting and pricing.
Identify direct costs tied to production or service delivery to improve pricing and long-term profitability, and distinguish them from indirect costs to guide break-even analysis.
Understand indirect costs and their impact on pricing and profitability by distinguishing fixed, variable, and step costs, and applying ABC, proportional, or fixed cost allocations.
Analyze fixed costs by identifying and converting expenses to monthly amounts, determine which costs stay constant, and compute break-even to guide smarter decisions and cost reduction strategies.
Perform an hr diagnosis to align staffing with growth objectives, monitor KPIs, and drive productivity gains of 10% to 15% through process optimization and automation to reduce labor costs.
Differentiate cogs from cost of sales by identifying direct production costs, such as raw materials and labor, and separate them from fixed operating expenses to assess gross profit.
Explore operating expenses, including selling, general and administrative costs, fixed overhead, and indirect costs, and learn to analyze and control COGS and SGA for profitability.
Learn how SG&A, or selling, general, and administrative expenses, cover non-production costs like marketing, rent, and utilities, and how semi-variable, indirect costs affect income statements and EBIT calculations.
Identify and calculate semi-variable costs within selling, general, and administrative expenses. Review monthly profit and loss statements to spot trends and understand drivers like fixed and variable components.
Explore general expenses and administrative expenses (GA) and their role as overhead on the income statement, including fixed and indirect costs, allocation methods, and tax deductibility.
Explore earnings before tax (EBT) as a profitability measure, learn its calculation from revenue minus expenses (excluding taxes), and compare EBT with EBIT and EBITDA across tax jurisdictions.
Discover how to calculate gross profit margin from net sales minus cogs, and use benchmarks to improve pricing and operational efficiency in accounting and manufacturing.
Explore how to improve gross margin by analyzing direct costs and COGS, differentiate from gross profit, and set target benchmarks to compare with industry peers.
Explore how balance sheets, income statements, cash flow statements, and retained earnings inform profitability, liquidity, and strategic decisions for plans, loans, and investments.
Learn to read a balance sheet by examining assets, liabilities, and shareholders' equity at a point in time, including current and fixed assets and current liabilities, to assess liquidity.
Improve financial efficiency by mastering accounts payable management, focusing on cash flow, balance sheet accuracy, and timely invoice payments through three way matching.
Learn to calculate ROA by dividing earnings after tax by total assets and analyze its components: taxation impact, interest impact, EBIT margin, and asset turnover to gauge profitability.
Are you ready to revolutionize your accounting and manufacturing processes? In this video, we explore the cutting-edge features of Odoo 18 AI that can elevate your business to new heights.
Discover how to harness the power of artificial intelligence to automate accounting tasks, improve accuracy, and gain valuable insights into your manufacturing operations.
This step-by-step course is perfect for professionals looking to enhance their skills and drive efficiency in their organizations. Don’t miss out on the opportunity to master Odoo 18 AI and take control of your business like never before!
Want to get into accounting quickly? This is a great place to start.
In this program, you'll gain the expertise needed to advance you into a senior-level position, manage an accounting department, or pursue an advanced degree in accounting.
This certificate is designed to prepare students for an entry-level job. You'll learn to keep day-to-day records of business transactions, make account ledger entries, monitor cash receipts and disbursements and prepare information for financial reports.
ABOUT PROGRAM:
A professional Programme which increases knowledge and understanding, and evaluation and analysis ability, for business, managerial and administrative situations with a focus and specialisation in accounting, administration and management.
This Advanced Certificate Accounting Administration Business & Service Activities Programme with specialisation on Accounting Administration is designed by professionals to develop the high-level skills and competencies vital in men and women seeking successful careers in accounting, cost accouting, credit management, finance, administration and related areas, for all business, commercial, industrial, government and professional fields. Such training is essential in today’s competitive business environment and a world of increasing international trade and globalisation.
Practical accounting careers are often available to students with degrees from two-year colleges and little, or no, credentialing. Candidates should expect wages to plateau around $40,000. Individuals in this field will develop skills valuable to their employer; however advancement is usually limited without a higher degree.
Practical accounting functions include:
Business Theory & Commercial Practice
Financial Statement preparation
Receivables, Payables, Collections
Bookkeeping
Payroll Accounting
Budgeting
Financial Accounting
Special Projects
Commercial Practice
Management & Administration in Business
Advanced Management & Administration
Business Bookkeeping & Accounts
Business Finance & Accounting
Cost Accounting
Credit Management
We will highlight the key features that make Odoo 18 an essential tool for manufacturers, including its user-friendly interface, customizable workflows, and robust reporting capabilities. Discover why Odoo 18 stands out as the optimal choice for manufacturing management and how it can lead to significant improvements in productivity and cost-effectiveness.
Control of Manufacturing Processes with Odoo 18 AI-Powered Learn about manufacturing systems and ways to analyze them in terms of material flow and storage, information flow, capacities, and times and durations of events, especially random events.
you will learn how to analyze manufacturing systems to optimize performance and control cost. You will develop an understanding of seemingly opaque production lines with a particular emphasis on random disruptive events – their effects and how to deal with them, as well as inventory dynamics and management.
Manufacturing systems are complex and require decision-making skills and analytical analysis. Managers and practitioners use a wide variety of methods to optimize the performance of manufacturing systems and control costs. The many processes and functions involved in building and maintaining these systems demand a high-level of knowledge.
Manufacturing course curriculum
A manufacturing course online covers a wide range of topics related to the principles, processes, and practices involved in manufacturing. Some common areas of focus may include:
Introduction to manufacturing: Examining manufacturing processes, technologies, and their significance in various industries.
Manufacturing systems: Studying different types of manufacturing systems, including job shop, batch production, assembly line, and continuous production, along with their advantages and limitations.
Production planning and control: Understanding the principles of production planning, scheduling, inventory management, and resource allocation to optimize production efficiency.
Quality control and assurance: Exploring techniques and methods for quality control, inspection, statistical process control, and quality assurance in manufacturing processes.
Lean manufacturing: Highlighting lean principles, such as waste reduction, continuous improvement, value stream mapping, and just-in-time production, for achieving operational excellence .
Manufacturing automation: Looking at automation technologies, including robotics, computer numerical control (CNC), programmable logic controllers (PLC), and their roles in improving manufacturing efficiency and productivity.
Materials and manufacturing processes: Learning about the different materials used in manufacturing, such as metals, polymers, and composites, and an understanding of manufacturing processes like machining, casting, forming, and joining.
Supply chain management: Mastering supply chain concepts, logistics, procurement, supplier management, and coordination to ensure efficient material flow and on-time delivery in manufacturing operations.
Sustainable manufacturing: Emphasizing sustainable manufacturing practices, eco-design principles, energy-efficient manufacturing, waste reduction, and environmental impact mitigation in the manufacturing industry.
Emerging technologies in manufacturing: Focusing on emerging trends and technologies like additive manufacturing (3D printing), the Internet of Things (IoT), digital manufacturing, and advanced analytics shaping the future of the manufacturing sector.
There are many manufacturing jobs available across various sectors. Here are some examples of roles related to manufacturing:
Production supervisor: Overseeing day-to-day operations on the production floor, managing personnel, coordinating schedules, and ensuring production targets are met efficiently and safely.
Manufacturing engineer: Developing and improving manufacturing processes, optimizing production efficiency, conducting process validations, and collaborating with cross-functional teams to drive continuous improvement.
Quality control inspector: Inspecting and testing products to ensure they meet quality standards, identifying defects or deviations, and implementing corrective actions to maintain product quality and compliance.
Supply chain manager: Managing the flow of materials, coordinating with suppliers, overseeing inventory management, and optimizing logistics to ensure timely production and delivery of goods.
CNC machinist: Operating computer numerical control (CNC) machines, programming machine instructions, setting up tools, and producing precision components based on technical specifications.Footnote14
Industrial designer: Creating product designs, conceptualizing prototypes, collaborating with engineering and production teams, and considering aesthetics, functionality, and maneuverability.
Lean manufacturing specialist: Implementing lean principles and methodologies to optimize processes, eliminate waste, and improve overall efficiency in manufacturing operations.
Maintenance technician: Performing routine maintenance, troubleshooting equipment issues, conducting repairs, and ensuring smooth operation of machinery and production systems.
Automation engineer: Designing, programming, and maintaining automated manufacturing systems, including robotic systems, to streamline production processes and increase efficiency.
Materials planner: Managing the procurement and inventory of materials, coordinating with suppliers, forecasting demand, and ensuring availability of materials for production
What you will learn
A new perspective for design and operational decision making at all levels of manufacturing, in the context of volume manufacturing, where rate, quality, cost and flexibility are the key metrics
How to operate and control unit processes to ensure maximum quality using basic and advanced statistical and feedback control methods
How to design and operate systems of processes with optimal capacity, resilience and inventory
How to design and operate optimal supply chain systems
The financial underpinnings of a manufacturing enterprise, including new ventures