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Tag: Business Accounting

How to Create Opening Balance in Odoo 18 | Odoo 18 Accounting Tutorials | Odoo 18 Tutorials – CBMS Odoo ERP
Odoo 18

How to Create Opening Balance in Odoo 18 | Odoo 18 Accounting Tutorials | Odoo 18 Tutorials – CBMS Odoo ERP

Establishing accurate opening balances is crucial when setting up your accounting records in Odoo 18, as they reflect your company’s financial position at the start of a fiscal period. Here’s how you can manage opening balances in Odoo 18: 1. Using the Chart of Accounts: Odoo 18 allows you to input opening balances directly through […]

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How to Configure Storno Accounting in Odoo 17 | Storno Accounting in Odoo 17 | Odoo 17 Accounting – CBMS Odoo ERP
Odoo 17

How to Configure Storno Accounting in Odoo 17 | Storno Accounting in Odoo 17 | Odoo 17 Accounting – CBMS Odoo ERP

Storno accounting is a method used to reverse accounting entries by using negative numbers. Instead of deleting incorrect entries, Storno Accounting uses negative debits or credits to reverse them. This creates a clear audit trail, allowing you to see both the original and the reversing entries. Reversed amounts are typically displayed in red within reports […]

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How to Manage Deferred Expenses in Odoo 17 Accounting App | Odoo 17 Functional Tutorials – CBMS Odoo ERP
Odoo 17

How to Manage Deferred Expenses in Odoo 17 Accounting App | Odoo 17 Functional Tutorials – CBMS Odoo ERP

In Odoo accounting, deferred expenses, also known as prepaid expenses, represent costs your company has already paid for but hasn’t consumed the benefits of yet. These are recorded as assets on the balance sheet until they are gradually recognized as expenses over the periods they benefit. Here’s a breakdown of how it works: Concept: A […]

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How to Activate & Create Purchase Receipts in Odoo 17 Accounting | Odoo 17 Functional Tutorials – CBMS Odoo ERP
Odoo 17

How to Activate & Create Purchase Receipts in Odoo 17 Accounting | Odoo 17 Functional Tutorials – CBMS Odoo ERP

This video shows how to create and activate purchase receipts in the Accounting module of Odoo17. With a multitude of applications to suit different business requirements, Odoo is a strong and all-inclusive suite of business management software. Accounting is a key module in Odoo 17 that aids companies in effectively managing their financial transactions. Keeping […]

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