Odoo Accounting Basic to Advance Training 2026

Activate a free 15-day Odoo accounting trial by selecting essential apps such as sales, invoicing, accounting, expenses, inventory, and manufacturing, with no credit card required.

Log out of the Odoo apps from the top-right profile menu, activate your database via email, set a 12-character password, and relogin using the activation link.

Create a new company in odoo by navigating to settings, adding general info, selecting income and expense accounts, and applying average costing, with a 15-day trial and optional currency switch.

Learn how to post and manage your course review, including when to rate and how to choose five stars. Save and exit after submitting feedback and edit reviews if needed.

Learn to create and configure the chart of accounts in a new Odoo company, including opening balances and ledgers for assets, liabilities, equity, and inventory.

Update the opening balances in the Odoo chart of accounts by manually reviewing setup and entering opening debits and credits, then post the draft journal entry.

Learn to create customers in Odoo and record their opening balances via a journal entry using account receivable, label them as customer opening balance, and verify via the partner ledger.

Learn to add vendors in Odoo and record their opening balances with journal entries, updating accounts payable and the partner ledger for accurate opening balances.

Enter inventory items in the odoo inventory module, set opening balances and cost of goods sold, then post an opening balance journal to reflect stock in accounts.

Record a journal entry for the furniture purchase in Odoo. Create the fixed asset record, set straight-line depreciation over five years, and view automatic depreciation schedules.

Learn to manage prepaid expenses in Odoo by recording six months of advance rent as a current asset and periodically recognizing monthly expenses through journal entries.

Learn to record security deposit payments in odoo by creating a journal entry, debiting the security deposit asset, and crediting cash, with options for current or non-current asset categorization.

Learn to record repair and maintenance expenses in Odoo with a journal entry debiting repair and maintenance expenses and crediting cash in hand, marking them as indirect expenses.

Learn how to record a customer payment against an opening balance in Odoo. Compare journal entry vs invoices and verify the balance clears in the customer ledger.

Enter a product-based purchase invoice in Odoo via the accounting module by creating a new vendor bill, adding a product line linked to inventory, and confirming to post.

Configure essential Odoo settings to enable automatic cost of goods sold posting, tax exemptions, and inventory valuation rules, aligning accounts, journals, and product categories for smooth operations.

Learn how to enter a product-based inventory bill against a new vendor in Odoo, including creating Mr. Matthew, adding stock line items, and posting the bill.

Configure the sales ledger by mapping stock accounts and income to ensure sold items post as income and reflect in the profit and loss account and cost of goods sold.

Process cash sales in Odoo by creating a cash customer invoice, receiving immediate payment, and posting sales with cost of goods sold to update the profit and loss.

Record a credit sale in Odoo. Invoice Mr. Walter for Prius rear lights at 280, 10, January 12 with 15-day terms, post and verify revenue and profit and loss.

Receive customer advances against a future sales order in odoo, create a sales order, issue a down payment invoice to customer advances, and record related journal entries.

Enter a direct sales invoice in Odoo for customer Justin. Post it to the sales journal and see its impact on cost of goods sold and profit and loss.

Switch to the purchases app, create a new purchase order for Mr. Cyan, enter items with quantities and exempt status, total 15,500, and confirm the order with no bill yet.

Learn how to record and clear bad debts in Odoo using a credit note, create a bad debts expense account, and post journal entries to reduce accounts receivable to zero.

Learn how to record a service purchase in Odoo by posting packing charges to cost of goods sold via a vendor bill, affecting accounts payable and profit and loss.

Process a partial payment against the purchase of services in Odoo by creating a 3000 payment and validating it to update the vendor ledger.

Reconfigure vendor payments by resetting to draft and configuring the Standard Chartered Bank accounts to ensure the partner ledger and reports reflect updated balances after paying against bills.

Learn to convert a sales order to a sales invoice in Odoo, adjusting customer advances and down payments, and review journal entries, profit and loss, and inventory category linkage.

Handle purchase returns in Odoo by linking the return to the original vendor bill, creating a draft credit note, and posting the reversal against accounts payable.

Learn to handle sales returns in Odoo by creating a credit note against an invoice, reversing journal entries, and reviewing the impact on revenue and cost of goods sold.

Learn how to receive group payments against multiple invoices in Odoo accounting, settle customers' balances, and review ledger entries and journal postings.

Learn to convert a purchase order into a vendor bill in Odoo, turning the order into a purchase invoice and generating the corresponding journal entry.

Learn to handle inventory loss in Odoo by routing damaged stock to a virtual loss of inventory location and posting a scrap journal entry against an expense account.

Unwind prepaid rent for January by moving $1,000 from the prepaid rent asset to rent expense via a journal entry in Odoo, 31 January, under miscellaneous operations.

Learn how to extract closing reports in Odoo accounting by accessing trial balance, profit and loss, balance sheet, and journal ledger; filter by year and export to pdf or xls.

Activate a free Odoo trial using a temp email and set up key apps like sales, accounting, inventory, manufacturing, and purchases to explore the platform.

Change the company name in Odoo to Empire Textiles by navigating to settings > users and companies > companies, edit the name, and set currency to USD with average costing.

Understand the manufacturing process at Empire Textiles, from raw materials to finished shirts and pants, using a bills of material system, and import opening balances in Odoo.

Learn to create, edit, and import the chart of accounts in Odoo, align names with the project, and import opening balances using the provided template.

Import customers with opening balances using a template, post balances through a suspense account, and verify via the trial balance to prevent double counting.

Learn to import vendors with opening balances in odoo using an import template, map fields, post bills, and reconcile balances for a clean trial balance.

Learn to import inventory with opening balances in Odoo, including raw materials, set up tax exemptions, configure stock and income accounts, and verify results via stock reports and trial balance.

Pay accrued expenses and bills payable from last year in Odoo by posting a journal entry to clear the liability, paying by cash, and updating the chart of accounts.

Enter a purchase order against raw materials by creating a new purchase order, selecting the textiles vendor, adding 40,000 units at 150, and confirming the order (taxes exempt).

Learn how to convert a purchase order to a purchase invoice in Odoo, including configuring purchase order sequences, receiving items, creating bills, and reviewing journal entries.

Enter a purchase invoice in Odoo with early settlement discount policy, applying 2% off if paid within ten days, and record the corresponding journal entries for stock and payables.

Learn to enter a sales order and customize the numbering sequence in Odoo, including setting a prefix like S0- and adjusting the next number.

Transfer cash between Citibank, cash, and petty cash using journal entries, then record customer payments, configure cash journals, and apply early settlement discounts on vendor payments.

Learn to receive customer payments against outstanding balances in Odoo, handling cash and bank journals, and processing two payments on January 7 and January 9.

Avail early settlement discounts by paying vendor bills within ten days, earning a 2% discount on ten-day payments through Odoo's automated calculation and payment creation.

enter a purchase of services on credit in odoo by creating a vendor bill, selecting dyeing services, and posting to cost of goods sold with payable tracking.

Enter a cash service purchase from a vendor in Odoo by creating a bill with a service item and a journal entry debiting cost of goods sold and crediting creditors.

Record customer advances as a liability against a sales order in Odoo by creating the order, generating a down payment invoice, and posting the corresponding journal entries.

Enter traveling expenses in Odoo by creating and posting a journal entry with a new 613000 traveling expenses ledger, debit 5000, and credit Bank of America.

Record a fixed-asset purchase in Odoo by posting a journal entry for a motor vehicle bought for 50,000, paid by Bank of America, creating fixed asset ledger and posting.

Master the end-to-end process of manufacturing finished goods from raw materials using bill of material and recipe management, guiding you through manufacturing orders, inventory movements, and journal entries.

Learn to hide the chatter panel in Odoo documents by enabling developer mode and using Odoo studio to remove the widget from vendor bills and invoices.

Learn to handle bad debts against an opening balance in Odoo by creating a credit note, labeling it bad debts, and settling it against the invoice to zero the balance.

Convert a sales order to a sales invoice in Odoo and settle customer advances by adjusting the down payment against the order, then post the final invoice.

Learn to enter direct sales of finished goods in Odoo by issuing a credit sales invoice for a new customer and posting cost of goods sold.

Convert a sales order to a sales invoice in Odoo and apply a 2% early settlement discount, paid within 10 days, with automatic cost of goods sold impact.

Learn to handle early settlement discounts in Odoo by recording a 2% discount on customer payments, linking bank journals, and validating payments to reflect the discounted amount.

Learn how to pay vendor balances in odoo by selecting bills, configuring citibank journals for manual payments, handling partial payments, and updating the ledger and partner ledger.

Record a cash purchase of office equipment as a journal entry in Odoo, debit office equipment for 18,000 and credit cash, then verify the asset appears on the balance sheet.

Learn how to settle a loan liability in Odoo by posting a journal entry to clear 250,000 against a Standard Chartered loan, updating the trial balance.

Learn to process purchase returns of raw materials in Odoo by creating credit notes against vendor bills, reversing journals, adjusting stock received and payables, and reviewing with partner ledger reports.

Record sales returns of finished goods in Odoo by creating a credit note, reversing the sale, and adjusting against the prior invoice to update receivables and cost of goods sold.

Explore recording service purchases linked to finished goods, choosing inventory or cost of goods sold, and posting via journal entries or bills with backend ledger configuration.

Learn how to record owner cash withdrawals in a single-owner company by debiting drawings and crediting cash, with entries reflected in equity and the balance sheet.

Learn to record and adjust inventory loss in Odoo by scrapping damaged stock, configuring loss ledgers, and posting journal entries to reflect expenses.

Explore how to record income tax paid by cheque in Odoo, creating an income tax expense entry with Bank of America, posting a journal entry in miscellaneous operations.

Adjust month-end expenses using the accrual concept by recording January electricity, rent, salaries, and telephone bills as debits to expenses and credits to accrued expenses in journal entries.

Extract closing reports in Odoo, including the trial balance, balance sheet, and income statement, after posting transactions, adjusting dates, and verifying ledgers.