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In most cases, the fiscal years last 12 months. If it is your case, you just have to define what is the last day of your fiscal year in the accounting setting. By default, it is set for 31st December. However, there might be some exceptions. For example, if it is the first fiscal year […]
Default taxes and accounts are set on products and customers to create new transactions on the fly. However, you might have to use different taxes and record the transactions on different accounts, according to your customers’ and providers’ localization and business types.#odoo15accounting Fiscal Positions allow you to create sets of rules to automatically adapt the […]
Today Odoo ERP is one of the prominent ERP business management solutions available with advanced features and capabilities. Localization is one of the key features of the platform and with certain configuration knowledge on the functional aspects of the software you can use the platform based on your required regional localization and function accordingly. The […]
The National Directorate of Taxes and Customs (DIAN) classifies businesses into various groups based on their revenue, the company’s nature, and other factors. Hence tax bound differs on each type of company. Some pre-configured taxes like IVA, Rte IVA, Rte ICA, Rte Fuente, and chart of accounts, specific to localization, are introduced for the company […]
As seen in other localisations, the Australian localization package has some groups of modules that work along with an accounting base module to provide the localization-specific reports along with the basic accounting features. Install the ‘Australian accounting’ from Odoo apps. If you have already chosen the country as Australia at the time of database creation, […]
Default taxes and accounts are set on products and customers to create new transactions on the fly. However, you might have to use different taxes and record the transactions on different accounts, according to your customers’ and providers’ localizations and business types. Fiscal Positions allow you to create sets of rules to automatically adapt the […]
This video is to show How to set up Odoo accounting and how to import opening balances into the new fiscal year. Here we have explained the basis of an actual company’s closed balance sheet. At the year-end, we will have to transfer the closing amount from the balance sheet into the current year as […]
A fiscal year (FY) is a period that an organization or government utilizes for bookkeeping purposes and preparing budget summaries. The fiscal year changes among nations and is basically utilized for financial reporting by business and different associations. Before going ahead with closing a fiscal year, there are a few steps one should typically take […]
Fiscal positions and tax mapping in odoo 13: Most often sales tax rates depend on your customer status or localization. To map taxes, Odoo brings the so-called Fiscal Positions. A fiscal position is just a set of rules that maps default taxes (as defined on product form) into other taxes. This video describes ‘how to […]
