Accounting & Finance - Odoo 10 Essentials

Learn how to use Odoo's double-entry accounting to manage taxes, product sales in different categories, and analytic accounting for job costing.

Odoo 10 Essentials - Community Edition - Accounting and Finance

Odoo 10's Accounting & Finance application provides a full general ledger, a customizable chart of accounts, and an easy to use double entry accounting system. This video walks through how transactions are posted, the purpose for the various accounts, are real world business examples for taxes, managing product sales in different categories, and using analytic accounting for job costing. If you struggle a bit with accounting this video will help you understand the difference between debits and credits and how Odoo's accounting and finance application works.

Video Length:1:22 Hours

Accounting & Finance - The backbone of any ERP system

Even if you don't install the Accounting & Finance application, Odoo still maintains and manages transactions in the background using default account settings. The best part is that Odoo makes it possible to get up and running with minimal setup. Now you can learn how the accounting and finance application really works!

Would you like to learn more about Accounting in general?

This video has been designed for those that must use Odoo to get things done. That means you need to know what an accounts receivable account is used for. It also means you must be comfortable with some of the basic rules for double entry accounting. In this video we don't get into serious academic accounting practices... but it will help you understand some basic principals.

See how to use accounting with real world examples

Like all of our Odoo videos this is not a typical training video that simply walks you through the menus. Real examples of customer invoices with products, reasons for setting up special tax rates, how to use fiscal positions. With real world examples you will understand exactly how Odoo's accounting & finance application works. This video even makes analytical accounting simple and easy to implement!


TOPICS COVERED:
Introduction: Accounting & Finance - Odoo 10 Essentials
Installation and setting up the chart of accounts template
Creating a customer invoice and examining the journal entries
Creating a vendor bill and examining the journal entries
Paying customer invoices and crediting accounts receivable
Paying vendor bills and debiting accounts payable
Creating a journal entry for miscellaneous operations... initial shareholder equity
Customize the chart of accounts by creating two income accounts to track sales
Understanding how to setup additional taxes and the related accounts
Use fiscal positions to automatically set taxes based on countries and states
Learn how to use analytic accounts for sales tracking and job costing solutions
Business intelligence and walkthrough of Odoo's standard accounting reports


Your Instructor


Greg Moss
Greg Moss

Greg Moss started working with personal computers at 12 years old. At age 15, he wrote his first paid business application, a loan management application for First American Acceptance Corporation. A few months later Greg developed a statistical application to process surveys for John A Logan College. Now more than 30 years later, Greg has produced hundreds of commercial applications and training courses, and has been involved in numerous enterprise application projects.


In addition to completing degrees in Business Administration and Information Systems Design, Greg is a Certified Information Systems Auditor, a Six Sigma Black Belt, and holds an Information Assurance Certification from Carnegie Mellon University. In addition to his successful consulting practice, Greg has worked in positions as a Chief Information Officer (CIO), Chief Executive Officer (CEO), and excels in delivering technology-enabled growth to companies. He is an experienced digital marketer and focuses on real-world results and solutions.

Greg is the founder of First Class Ventures, LLC and OdooClass.com. Over the past 8 years Greg has produced over 200 video courses covering business application development and game design.

Greg is the author of Working with Odoo, Working with Odoo 10, Working with Odoo 11, Working with Odoo 12, and Learn Odoo.


Course Curriculum


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