How to Configure a Bank Journal in Odoo 20 | Odoo 20 New Features | Odoo 20 Functional Tutorials – CBMS Odoo ERP

How to Configure a Bank Journal in Odoo 20 | Odoo 20 New Features | Odoo 20 Functional Tutorials – CBMS Odoo ERP

In this video, I walk you through how to create and configure a Bank Journal in Odoo 20 so your accounting is set up correctly from the start. You’ll see how to add a new bank account, set the journal name and short code, and link the right bank account number so everything is recorded in the right place.

Bank journals are where all your bank transactions are recorded in Odoo, including customer payments, vendor payments, and bank statements. I’ll explain the key settings on the journal, such as the default account, the incoming and outgoing payment methods, and the accounts used for bank and outstanding payments. I’ll also show how these settings affect reconciliation, so your payments match up properly with your invoices and bills.

Whether you’re setting up Odoo for the first time or adding a new bank to an existing company, this video will help you configure your bank journal correctly and avoid common mistakes that cause problems later in reconciliation.

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