In this video, we’ll walk you through how to manually create opening balances in Odoo 18 Accounting. Opening balances are essentially the financial starting point for your company—they represent the amounts in your accounts before you begin recording new transactions in Odoo. So, whether you’re migrating from another system or setting up your books for […]
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 […]
Learn everything you need to grow your business with Odoo, the best open-source management software to run a company, at In this video, learn how to import existing account balances into Odoo. Find the sample template here: Need more information about Odoo apps? Discover Odoo, schedule a demo, or start your own Odoo revolution for […]
At the year-end, we will have to transfer the closing balance of the current year as an opening balance to the new financial year. In odoo 16 we used a journal and journal entries for setting the opening balance. First, create an equity account for opening balance and a journal entry to bring account balances […]
This video is to show How to set up opening balances in Odoo 15. #odoo15accounting At the year-end, we will have to transfer the closing balance of the current year as an opening balance to the new financial year. #odoo15enterprise In Odoo we used a journal and journal entries for setting opening balance. #odoo15 Connect […]
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 […]
This video is to show How to setup opening balances in Odoo 13. At the year-end, we will have to transfer the closing balance of the current year as an opening balance to the new financial year. In odoo we used a journal and journal entries for setting opening balance. 0:00 Introduction 0:23 Create opening […]
Inventory Adjustments act as an important feature in a warehouse management system to keep the inventory right. Once your products are defined, it is time to make your initial inventory. Inventory Adjustment for a single storable product has access to set initial inventory through the Update Quantity button. Inventory Adjustment for multiple storable products can […]