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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, […]
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 […]
