Odoo ERP is one of the prominent business management solutions available with advanced features and localization is one among the feature which helps to define the necessary configuration of taxes, fiscal positions, chart of accounts, and configuration of specific certificates for the accounting module, which are all required to make the ERP usable for the particular country.
With the installation Of the Fiscal localization package for the UK the two modules UK-Accounting and UK- Accounting Reports, will give the complete UK accounting features, which install the predefined chart of accounts, taxes, fiscal positions, and reports for UK accounting.
The UK-Accounting module contains the most recent UK Odoo localization required to run Odoo accounting for UK SMEs, including:
– a CT600-ready chart of accounts
– VAT100-ready tax structure
– Info Logic UK counties listing
– a few other adaptations
The UK-Accounting Reports provides accounting reports for the UK and allows sending the tax report via the MTD-VAT API to HMRC.
Video Content
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00:00 Introduction
00:55 Create a new company
03:24 Go to Accounting settings
03:35 Set localization package
05:32 Chart of accounts
06:05 Taxes
07:05 Tax Report
07:29 Vat Obligation
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