Chapter: 5 - The Accounting Management Tools in the Odoo Accounting Module

Other Miscellaneous Entities Management

The Miscellaneous entities management will be useful in defining the noon important Journal of operations which have been defined in regards to the financial management operations of the company. As most of the aspect of the Accounting operations with the Odoo platform has been classified into dedicated menus of operation with the dedicated Miscellaneous entities management tool you will be able to manse the non-classified entries. Under the Other Miscellaneous entities management tab of the Odoo Accounting module, there is only one distinctive menu where the complete Journal Entries can be defined. Let now look into the menu operations in detail.

Journal Entries

The Journal Entries menu will help you to look into the aspects of the complete operations of the entries defined in regards to the company operations. Here all the Journal Entries irrespective of their classifications will be listed out. Once you enter into the menu the Miscellaneous filtration will be done as the main aspect of their menu is the management of the Miscellaneous Journal Entries which have been defined. There is also Filter as well as Group by tools that are available which will help you to sort out the required Journal Entries which are being defined. The Filtering and Group by operations can be run with the help of the available default tools as well as the custom ones which can be defined.

Other Miscellaneous Entities Management

Once you select the respective entries that have been defined by using the Tick box options available concerning each of the Journal Entries being defined by you will be depicted with an action menu as shown in the following image. Here, you can make use of the options such as the Export, Delete, Reverse, Resequence, Post Entries, Send & Print, Register Payment, and Send bills for digitalization. These options will help with the management as well as configuration aspects in regards to the Journal Entries which have been selected.

Other Miscellaneous Entities Management

You also have the provision to create new Journal Entries by selecting the Create option that is available and you will be depicted with the menu as depicted in the following screenshot. Here the Reference as well as the Accounting Date and the Journal along with the Currency for the respective Journal Entry should be defined by either selecting them from the drop-down menu or defining it. Further under the Journal Items, you can define the entries by selecting the Add an available line option. Here you need to define the Account, Partner, label, Analytical Tag if any, Currency, Debit or Credit amount along with the Tax Grids of operation for the respective Journal Entry. You will also have the provision to delete any of the Journal Items by selecting the available delete option. Furthermore, the total of the debit, as well as the Credit amount, will be depicted at the end and debit should be equal to credit as per the double-entry bookkeeping system. Then only the journal entry can be posted.

Other Miscellaneous Entities Management

In addition, under the Other Info tab that is available, you can enable the Post Automatically as well as the Reversal of, To Check options, which will enable the operations of the respective functionalities in the Journal Entry which is being defined.

Other Miscellaneous Entities Management

Furthermore, to Reconcile the Journal Entries there will be a smart button available in the respective Journal Entry that has been saved. This option will take you to the menu where all the Journal Items in regards to the Journal Entry will be defined. Here you can select the checkbox options and will be depicted with the Reconcile option in the menu as shown in the following screenshot. There is also an Actions menu available which can be used to perform various actions on the entries just as done in the Journal Entries menu of the Odoo accounting module.

Other Miscellaneous Entities Management

In conclusion, the Accounting management tools in the Odoo Accounting module will help you to perform the various aspects of the Finance management operations with respect to any aspects of the company to be run and defined with ease. Furthermore, with advanced controlling tools are available in the Accounting management tools. In the next chapter, we will be focusing on the reporting aspects of the Odoo Accounting module.

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