Odoo: Purchases, Sales, Inventory with Accounting modules

Odoo Business Cycle

Purchases, Inventory, Sales, and Accounting

Odoo Business Cycle: Understand the accounting

movements involved in Purchases and Sales to keep

the Costs and Inventory updated.

Payments records in Accounting and Bank-Cash for

Accounts receivable and payable.

Odoo Purchase Accounting Movements

Odoo Purchase Accounting Movements: Five accounting movements

Purchase Order products reception:  Two accounting valorization

movements.

Purchase Order Invoice to Provider:  Saves the cost of products

using the valuation method and records the credit TAX positive

to the company.

Sales Accounting Movements

Odoo Sales Accounting Movements: Five accounting movements

Sales Order products dispatch to clients:  Two accounting valorization

movements.

Sales Order Invoice to Client:  Saves the cost of products

using the valuation method and records the credit TAX positive

to the company.

Also keeps track of the LOT used to dispatch the products.

Key to calculate the real revenue.  The Lot saves the cost payed

for the product on every Purchase Order.

Inventory Cost revaluation methods

FIFO, LIFO and average methods of Inventory revaluation.

The purchase order cost from Provider changes depends on the market conditions.

The inventory valuation depends on the used method.

Fifo(First In-FirstOut) keeps the same cost during a long time and does not adapt to the market conditions.   The cost from the Provider could rise, but the Inventory cost remains the same affecting the capacity to buy again the same product.

LIFO (Last In-First Out) updates the cost on every change adapting to the market conditions.

Average recalculates the cost after every change, reflecting a more realistic cost of all the inventory.

The lot information of every dispatch is key to trace the cost and quality of the original Purchase Order.

Odoo Purchase Module: Purchase Order to Provider, Product entry in Inventory and payment to accounts payable.

Every Purchase must keep records of cost to have exact information of revenue for every Invoice. 

Lots tracking for every Purchase Order and dispatch of Products for every Invoice is a key factor for cost and quality tracking.

Odoo Purchase Module: Purchase Order to Provider, Product entry in Inventory and payment to accounts payable.

Every Purchase must keep records of cost to have exact information of revenue for every Invoice. 

Lots tracking for every Purchase Order and dispatch of Products for every Invoice is a key factor for cost and quality tracking.

Odoo Purchase Module: Purchase Order to Provider, Product entry in Inventory and payment to accounts payable.

Every Purchase must keep records of cost to have exact information of revenue for every Invoice. 

Lots tracking for every Purchase Order and dispatch of Products for every Invoice is a key factor for cost and quality tracking.

Sales Accounting Module: Sales request to dispatch products and Invoice emission to client.

Every dispatch of products to clients keep tracking of the Inventory lot used.  This has two purposes:

a) Cost tracking to Purchase Order.

b) Quality control

The Sale generates five accounting movements.  Also, the tax to pay to the government.

Inventory Module

Inventory Module:  Movements and Accounting after every Purchase and Sale

The Inventory keeps information on cost and Purchase Order in

LOTS.  Traceability for every Invoice to the cost of Purchase Order

is important for revenue calculation and quality control.

Purchase and Sales, Bank-Cash and Accounts receivable and payable.

Purchase and Sales five accounting movements respectively.

Payments thru banks and cash to and from accounts payable and receivable.

-General Balance

-Profit and Loss

-Cashflow