An accounting journal is a record of transaction exchanges requested by date, these
transactions are recorded in the name of journal entries. Each journal entry shows
account names and their credits and debit values. In Odoo we can create different
types of journals. Sales, Purchase, cash, Bank, and miscellaneous are the basic
five types of journals in Odoo. Each journal types have different rules like sales
journal used to post sent customer invoices, purchase journal used to post received
vendor bills, cash type journal used to track daily cash transactions as well as
the received customer payments, bank for posting your bank statements, track customer
or vendor payments and all other transactions recorded by your associated bank account,
then the last one is Miscellaneous journal type, it is used for anything that doesn’t
fit into the above types.