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Accounting Fundamentals in Odoo

Overview

Odoo Accounting provides a full-featured financial management system including general ledger, accounts payable, accounts receivable, and reporting. It is designed to support a wide range of industries but requires careful configuration for project-based cost tracking.

Purpose & Use Case

Odoo Accounting is used to record financial transactions, manage customer invoicing and vendor bills, track expenses and revenue, and produce financial statements.

Prerequisites

  • Accounting module installed
  • Chart of Accounts configured
  • User permissions properly assigned

Limitations

Out-of-the-box accounting is not job-cost aware without analytic configuration.

When to Consider Professional Assistance

BUSATX recommends professional setup when accounting must integrate with projects, construction phases, or cost codes.