Accounting Settings: Chart of Accounts - Odoo 17 (Part 4 of 5)

The Complete Odoo Accounting Course Odoo 17 will teach you everything you need to know about the Odoo accounting application. Odoo is an Enterprise Resource Planning (ERP) software with dozens of interconnected applications. Applications such as inventory, manufacturing, website, expenses, and sales have a direct impact on your accounting books.


There are three primary goals of this course.

Teach you all of the basic accounting functions you need to perform on daily basis to run your business.

We will cover every basic accounting function including Inventory Accounting, Accounts Payable, Accounts Receivable, Reconciliation, Sales Tax, Expense Accounting, Revenue Accounting, and Asset Management. You will be exposed to all of the main accounting reports such as the Balance Sheet, Profit and Loss Statement, and Cash Flow statements. At the end of the course, you will be comfortable making manual journal entries, navigating the General Ledger, and troubleshooting any accounting errors.

Teach you how every application interacts with the accounting application.

If you have used any ERP software you know that every business decision and record you create in the system may affect your accounting books. You must understand the impact of each of your decisions. In this course, we will cover exactly how each application interacts with accounting. This includes manual and automated inventory valuation, expense management, re-invoicing expenses, collecting customer payments, dealing with multiple currencies and exchange rates, applying landed costs, and dealing with cash.

Teach you how to transition from a legacy system to Odoo Accounting.

Once you are comfortable with the software we will go over exactly how to transition your accounting books to Odoo. This process involves importing your trial balance, using clearing accounts, importing your open bills and invoices, and making sure you have all of your location-specific accounts set up such as your scrap, inventory adjustment, and Work in Progress (WIP).

This course is designed for Implementation Consultants or Business Systems analysts, Bookkeepers, Accountants, and anyone evaluating Odoo as an ERP solution. It will be incredibly helpful for anyone who wants to understand the accounting impact on every decision they make throughout the Odoo ecosystem.

During the creation of each video, I attempt to think of all the most common edge cases and bring them to your attention. I take pride in each video being as comprehensive and complete as possible. Every business has slightly different accounting needs. Nonetheless, in this course, you will touch on every accounting function in Odoo. Even if we do not directly cover an exact use case you will have the knowledge to build out your own complete solution.

The only prerequisites for this course are basic accounting knowledge and basic Odoo knowledge. This course will not teach you the fundamentals of accounting.