/odoo-erp/accounting-and-finance
Odoo Accounting — what it does, and where teams get it wrong.
Full double-entry accounting fed by the operation rather than re-keyed from it. The decisions that matter here are made once, early, and are expensive to revisit.
/what-it-covers
What it covers
- Double-entry general ledger, fed automatically by operational documents
- Customer invoicing and supplier bills with matching and approval
- Bank synchronisation and reconciliation, with suggestion rules
- Multi-currency, with realised and unrealised gain treatment
- Multi-company with inter-company transactions
- Tax computation and statutory reporting *(localisation dependent)*
- Analytic accounting — cost centres, projects, departments
- Assets, deferred revenue and expense recognition
- Ageing, cash flow and the standard financial statements
/who-its-for
Who it's for
Businesses whose margin is a guess
because stock valuation lives in one place and COGS in another.
/what-it-connects-to
What it connects to inside Odoo
/customisations
Customisations we're asked for
sometimes necessary
Custom statutory reports
Where a localisation doesn't cover a local filing. Worth checking the localisation thoroughly first; they cover more than teams expect.
usually configuration
Custom approval workflows
Odoo's approval rules and access rights reach most requirements, and a custom workflow is a maintenance obligation for something the standard system does.
often justified
Bank statement import formats
Where a bank has a proprietary format. It's a small parser, not a module.
occasionally necessary
Bespoke consolidation logic
In complex group structures, but Odoo's multi-company handling is stronger than its reputation. Exhaust it first.
/proof
Proof
A tea exporter invoicing in three currencies with export documentation previously produced outside the accounting system. Analytic dimensions configured for estate and grade at go-live, before anything required them.
Sector. Agriculture & export · Scale Multi-currency · Ref ref /AG-03
Link. Read the case study →
/next
Bring us your chart of accounts and your last month-end.
Thirty minutes, no slides. We will tell you straight if Odoo is not the answer.