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Managing fiscal periods effectively is crucial for any business to maintain accurate financial records and compliance. In this video, we’ll guide you through the steps to configure and customize your fiscal year settings in Odoo 17. See more details here #Set #Fiscal #Year #Odoo
A fiscal year, is a financial reporting period used by businesses, organizations, and governments to track and report their financial performance. #fiscalyear #odooaccounting Video Chapters: 00:00 – Introduction 01:06 – Create Fiscal Year 03:42 – Opening Balance 04:30 – Invoice and Bill Creation, Reconcilation 07:43 – Balance Sheet 09:24 – Retained Earning 11:48 – Lock […]
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 […]
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 […]