Odoo 16 Community Book

Journal Entries

The financial transactions and statements concerning the business operations of your company will be added to the accounting journals in the form of journal entries. In the Odoo Invoicing module, you will get the Journal Entries feature under the Accounting menu once you activate the Show All Accounting feature from the General Settings of Odoo. The Journal Entries platform will show all entries added to various journals in the Invoicing module.

Here, you will get the list view of the Journal Entries with the details of the Date, Number, Partner, Reference, Journal, Company, Total, and Status. You will get Unposted, Posted, Reversed, To Check, Sales, Purchase, Bank, Cash, Miscellaneous, and Date as default filters. You can use Partner, Journal, Status, Date, and Company as the default group by options.

You can mention the Reference of this journal entry in the given space. Specify the Accounting Date and Journal in the corresponding fields. In the Journal Items tab, add the Account, Partner, Label, Debit, Credit, and Tax Grids details using the Add a Line button.

Under the Other Info tab, enable the Auto-Post option if you want to post the entry automatically on the mentioned date. The ‘Reversal of’ field will show the reversed entry id if this journal entry belongs to a reversal entry. Activating the To Check option will allow you to recheck the information added to the journal entry. You can add the Fiscal Position and Company in the respective fields. In the given space, you can add an internal note related to this particular journal entry.

You can click on this button which will open a new pop-up window that can be used to mention the details required for reversing the current journal entry.

You can click on this button which will open a new pop-up window that can be used to mention the details required for reversing the current journal entry.

Once you add the required details, you can click on the Reverse button to reverse the journal entry. The Journal Items that you added to journal entries will be recorded in a specified platform in Odoo which is available under the Accounting menu. The Journal Items will record the details of all journal items configured in different journal entries in the Odoo Invoicing module.

The view of the platform can be altered into List, Kanban, Pivot, and Graphical views. From the list view, you will get the details of the Date, Journal Entry, Account, Partner, Label, Amount in Currency, Debit, and Credit details.