Understanding Product cost in Odoo V8

Understand the concepts of product cost and then see how they are implemented in odoo
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  • Lectures 17
  • Length 1.5 hours
  • Skill Level Beginner Level
  • Languages English
  • Includes Lifetime access
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    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 2/2015 English

Course Description

This course is about product cost and how it is used in Odoo.

Warning: this has nothing to do with sales and purchase price! It's accounting related.

As the course demonstrate processes from the creation of the product up to the sales and invoicing, it is suitable for people new to the Odoo system.

In the first two sections, you will discover the process of acquiring goods and the economics behind the product cost.

In the next sections, we will go together in the system and use the different types of costs in order to see their impact in all aspects.

If you are about to implement Odoo, or just are looking into discovering Odoo, or if you are a technical person willing to understand a bit more the product cost, this course is for you.

What are the requirements?

  • Before taking the course, the student should already have an access to an Odoo system in order to be able to follow the examples

What am I going to get from this course?

  • Understand what the product cost represents from an accounting point of view
  • Understand the different ways of calculating the product costs for purchased goods
  • Choose the proper cost calculation for each product type or usage
  • Understand how to manage the product costs in Odoo
  • See the impact of purchasing on the product cost and in accounting in general
  • See the impact of sales on the product cost

Who is the target audience?

  • This course is meant for users wanting to manage their stock in Odoo and want to know exactly what they need to choose when implementing the software
  • This course is ideal for developers wanting to understand the way the costing works in Odoo
  • This course will help consultants explain the concepts to their customers

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Before You start

Describe the modules and the settings to do before starting the course


Define the objectives of the course as well as the course content

Section 2: The economics behind the product cost
Price and Cost: a definition
The process of acquiring goods
The different types of material cost
Section 3: The product costs in Odoo V8

Standard cost is called in Odoo standard price. Find the explanation of its usage in Odoo


Shows the creation of a product in Odoo that is managed with standard cost. Demonstrate the effects on the product cost and on the accounting.


Demonstrate the sale of a standard cost managed product and the impact on the accounting


Average price. See what it represents, how to use it and update it in Odoo

Create and purchase a MAP managed product
Sell a MAP managed product
Study the price evolution of MAP managed product

Real Price in Odoo: See what it represents, how to use it and update it

Real price demo

The landed costs can be calculated in detail in Odoo. Learn how and what the consequences are.

Landed costs demo
Section 4: Closing section
10 questions

A few questions to check your knowledge

1 page

Quick review of the points learned in the course

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Instructor Biography

Eva Pinter, ERP and Business Consultant and Trainer

Eva P. has worked more than 15 years as an ERP and business consultant in many top 500 companies around the globe, implementing SAP and Odoo. During this time, she acquired a profound knowledge of the business processes and best practices.

She has created a youtube channel offering free training videos that has become the reference in the Odoo world.

Next to the training activities, Eva P. supports the development of OCA modules as a tester and a business adviser.

Through her company YBO Services Ltd, Eva P. offers Odoo and SAP training as well as consulting services.

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