The Complete Odoo Accounting Course [V15 & V16 / 2023]

Review US GAAP reports in Odoo, including balance sheet, profit and loss statement, partner ledgers, and receivables and payables; export to pdf or excel and view by date.

Learn to configure Odoo accounting settings for the United States, including taxes, tax accounts, currencies, fiscal periods, journals, customer invoices and vendor bills, and online or batch payments.

Explore inventory accounting in Odoo, covering costing methods (standard price, fifo, average cost), automated vs manual valuation, and category- and product-level account settings.

Explore costing methods in Odoo accounting, including standard price, first in, first out, and average cost, and see how inventory valuation depends on cost price and product templates.

Learn manual inventory valuation in Odoo, using a journal entry to align balance sheet and inventory valuation with cost of goods sold.

Explore standard price with automated inventory valuation, set up a price difference income account, and see how stock valuation and journal entries flow under standard costing.

Explore automated inventory valuation with the AVCO average cost method. See how purchases adjust the average cost and update inventory valuation and product templates.

Drive automated inventory valuation with the first in, first out method (fifo). Set up a fifo product category, update cost and stock valuation, and reflect on the balance sheet.

Explore inventory adjustments in Odoo, using inventory adjustment locations and incoming or outgoing accounts. Map adjustments to asset or equity accounts and reflect gains or losses on the balance sheet.

Set up scrap and production locations to route damaged items to cost of goods sold and record a journal entry from stock valuation to cost of goods sold.

Master accounts payable management by configuring journals, viewing and creating bills, refunds, and credit notes, setting default accounts payable, and navigating vendor records, payables, and related journal entries.

Explore how to create a vendor bill from a purchase order in Odoo accounting, including inventory setup, stock terms, cost of goods sold, and posting to accounts payable.

Register a payment against a vendor bill to create a reconcilable bank item and reconcile it with the bank statement, using a manual payment method.

Learn to record a pre-payment to a vendor before entering a bill, then later apply the outstanding debit and vendor credit via the partner ledger.

Configure and print vendor checks in Odoo, set up check layouts and margins, print from bills, and reconcile payments after printing.

Understand how credit notes manage vendor refunds in accounts payable and when to adjust invoices. Learn to create, reverse, or hold credit notes, register payments, and reconcile with bank statements.

Navigate accounts receivable and automated inventory valuation as you deliver product one before invoicing, then generate a 11.50 invoice with 15% tax and review stock moves and journal entries.

Register a payment to mark that the customer sent funds for an invoice, using a payment link or external provider, and reflect the invoice as paid in the system.

Learn to configure and apply payment terms in the Odoo accounting app, including immediate, 30-day, and 30% upfront with balance due in 60 days.

Learn to collect down payments within a sales order: create invoices marked as down payment (fixed or 30%), set terms, register payments, and bill the remaining balance.

Manage customer overdue invoices with follow up reports and levels, send reminder emails after 15 days, customize messages, and reconcile bad debt in the chart of accounts.

Learn how to issue credit notes for customer refunds in Odoo accounting, reverse stock interim delivered, and manage returns whether or not the item is returned, using automated inventory valuation.

Explore bank accounts and credit cards in the Odoo accounting app, view statements, process customer and vendor payments, perform internal transfers, and configure reconciliations across journals.

Connect and sync bank and credit card accounts in Odoo, review transactions, set the start date for reconciliation, adjust opening balances, and prep for go-live from another system.

Learn to import bank statements in the complete odoo accounting course by manually uploading a chase bank file, selecting date formats, posting entries, and reconciling balances monthly.

Create manual bank statements from scratch, set reference, notes, bank account number, date, and label with a partner; post and reconcile to update balances for testing when bank sync fails.

Learn how to reconcile vendor bills and customer invoices using manual bank statements, posting payments, and validating reconciliations across accounts payable, accounts receivable, and expense accounts.

Master internal transfers between bank and credit card accounts in Odoo, including transfers between journals like PayPal and Stripe, with setup, journal entries, and reconciliation for accurate ledgers.

Configure payment acquirers such as Stripe and Authorize.net, save payment methods, manage transactions in the payment journal, and reconcile captured payments.

Generate a payment link from a sales order, route payments through Stripe, and send the link by chat or email; payment confirms and links to the invoice.

Enable online payments and signatures for quotes, send customers payment links to sign and pay, and confirm payments via the customer portal with Stripe integration.

Explore how to collect online payments on your website, from adding to cart and checkout to using saved tokens or Stripe, with automatic invoicing and payment reconciliation in Odoo.

Learn to reconcile payments from a payment acquirer like Stripe in odoo by importing statement lines, matching labels and customer emails, and handling stripe fees.

Explore sales tax setup in the complete Odoo accounting course, including default taxes, configuration options, tax groups, rounding methods, monthly tax returns, and applying taxes to products.

Create and apply a 7% New Jersey sales tax in Odoo, configure tax accounts, process sales, generate tax reports, and close monthly entries for tax payable and receipts.

Explore fiscal positions to switch taxes and accounts by customer location, automate tax replacement from NJ to NY, map accounts, and connect with tax cloud and outer layer.

Learn how to connect Cavalera, obtain credentials, generate a license key and API key, and set up sandbox testing to automate sales tax and tax returns in the AppleCare dashboard.

Learn to configure landed costs in the inventory app and enable automated valuation with average cost. Apply shipping and handling costs to products using split methods.

Learn to set up manufacturing accounting in odoo, configure stock valuation and costing, and create work centers, bills of materials, and manufacturing orders for cost analysis.

Enable landed costs for manufacturing, apply labor and overhead to bill of materials products, and update stock valuation and P&L accordingly.

Explore the expense module and expense products in Odoo, including emailing receipts, OCR digitization, re-invoicing to customers, approvals, posting journal entries, reimbursing employees, expense reports, and payments.

Manage multiple currencies in Odoo, enable currencies, set automatic or manual exchange rates, and track foreign exchange gains and losses across purchases, sales, and inventory valuation.

Explore how to handle partial payments in the accounting application by applying a single payment across multiple customer invoices, registering partials, and reconciling bank statements.

Master cash management in Odoo using the cash journal and cash accounts, reconcile payments, and learn how to skip reconciliation by replacing outstanding payments and receipts with the cash account.

Set the fiscal year end to today, review the profit and loss statement and balance sheet, then close by moving undistributed profit into retained earnings via a manual journal entry.

Explore analytic accounts and analytic tags to group expenses and revenues across departments and projects. Apply these to invoices, bills, and projects to analyze margins and profit and loss.

Discover how reconciliation models automate most bank statement lines in Odoo, using rules, counterpart entries, and auto-validate to map charges, partners, and labels to the right accounts.

Explore asset models in Odoo accounting to create fixed assets, configure depreciation options—straight line, declining, and declining then straight line—and automate depreciation journal entries.

Learn how to set up deferred expenses in Odoo, prepay rent, and recognize costs over five years with a deferred expense model and automatic journal entries.

Configure and automate deferred revenue models in the accounting app to recognize five-year subscriptions with automatic journal entries and a current liability deferred revenue account.