{"id":45367,"date":"2022-06-01T07:33:44","date_gmt":"2022-06-01T07:33:44","guid":{"rendered":"https:\/\/targetintegration.com\/?p=45367"},"modified":"2023-08-23T06:23:51","modified_gmt":"2023-08-23T06:23:51","slug":"configuration-in-odoo-15-accounting-module","status":"publish","type":"post","link":"https:\/\/targetintegration.com\/en_us\/configuration-in-odoo-15-accounting-module\/","title":{"rendered":"Configuration in Odoo 15 Accounting Module"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"45367\" class=\"elementor elementor-45367\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9058ad4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9058ad4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1667bb7\" data-id=\"1667bb7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2b467cb elementor-widget elementor-widget-text-editor\" data-id=\"2b467cb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">Odoo&#8217;s accounting module is a sophisticated accounting management system that can easily handle massive amounts of data. The Odoo Accounting module is effective and easy to use due to its user-friendly nature and integration of highly powerful technologies.\u00a0<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">This article will walk you through the basic setups of the <strong>Odoo 15 Accounting module<\/strong> in detail.\u00a0<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><h2><b><span data-contrast=\"auto\">Company Data<\/span><\/b><span data-ccp-props=\"{\">\u00a0<\/span><\/h2><p><span data-contrast=\"auto\">Because of the module&#8217;s fully integrated structure, the initial setup and configuration are simple. As seen in the image below, the accounting module will greet you on its dashboard with step-by-step directions on how to set up the module.<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3e89afb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3e89afb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-66f8b5a\" data-id=\"66f8b5a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-74ed188 elementor-widget elementor-widget-image\" data-id=\"74ed188\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"821\" height=\"184\" src=\"https:\/\/targetintegration.com\/wp-content\/uploads\/\/2022\/05\/SC1.jpg\" class=\"attachment-large size-large wp-image-45412\" alt=\"Accounting Module\" srcset=\"https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/05\/SC1.jpg 821w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/05\/SC1-300x67.jpg 300w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/05\/SC1-768x172.jpg 768w\" sizes=\"(max-width: 821px) 100vw, 821px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3819fa8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3819fa8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-389bbae\" data-id=\"389bbae\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-775f100 elementor-widget elementor-widget-text-editor\" data-id=\"775f100\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW180928006 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW180928006 BCX0\">Below are the many phases of setting up the module. To begin, fill up the Company data area with your company information, and the configuration page for setting your company information will appear, as seen in the image below.<\/span><\/span><span class=\"EOP SCXW180928006 BCX0\" data-ccp-props=\"{\">\u00a0<\/span><\/p><p><a href=\"https:\/\/targetintegration.com\/products\/odoo-erp-implementation-services\/\"><strong>Know more about Odoo 15 by clicking here<\/strong><\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-afb951a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"afb951a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7c699d4\" data-id=\"7c699d4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d618d12 elementor-widget elementor-widget-image\" data-id=\"d618d12\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"822\" height=\"404\" src=\"https:\/\/targetintegration.com\/wp-content\/uploads\/\/2022\/05\/SC-2.jpg\" class=\"attachment-large size-large wp-image-45413\" alt=\"Odoo Chart Of Accounts\" srcset=\"https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/05\/SC-2.jpg 822w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/05\/SC-2-300x147.jpg 300w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/05\/SC-2-768x377.jpg 768w\" sizes=\"(max-width: 822px) 100vw, 822px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7bf4e6b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7bf4e6b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-264e2d1\" data-id=\"264e2d1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a4bc20e elementor-widget elementor-widget-text-editor\" data-id=\"a4bc20e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">On this page, you may fill in all of your company&#8217;s information. You may begin the setup by inputting your company&#8217;s name. To specify your company&#8217;s tax activities, you must select a tax Id from the Tax id drop-down menu. You may enter all of your company&#8217;s address data in the Location part of the setup page. This will assist Odoo to identify the address for future activities. To control the process rapidly from easy management, click on the advanced capabilities in the module. You may also enter the information for the company register. It&#8217;s worth noting that customizing the firm&#8217;s details will assist Odoo in fully integrating the accounting module with the company.\u00a0\u00a0<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">The next step in the setup is to select a currency from the currency field. Choose the currency of the nation in which your business is at. It&#8217;s worth noting that Odoo will handle accounting activities in accordance with the currency. Odoo will be able to identify multiple currencies and convert them into your currency in real time, making international transactions easier for your staff. You may fill in the phone number, email address, and website address. The data will serve as a framework for the module and work with Odoo. To proceed to the next setup stage, press the<strong> SAVE<\/strong> button after completing the setting. <\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><h3><b><span data-contrast=\"auto\">Bank Configuration<\/span><\/b><span data-ccp-props=\"{\">\u00a0<\/span><\/h3><p><span data-contrast=\"auto\">To enhance account and transaction management efficiency, the following core setup is to synchronize your Bank with the Accounting module. To utilize the accounting module, you must first link Odoo to your bank account. The setup part allows you to fill in your bank account name, account number, Bank, code, and journal; the procedure is simple.\u00a0<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Go to the configuration tab to add new bank accounts to the module for simple administration and accessibility.<\/span><\/p><p><a href=\"https:\/\/targetintegration.com\/contact-us\/\"><strong> To learn more about the Odoo 15 Accounting module, talk to our Odoo Consultants<\/strong><\/a><\/p><p><span data-contrast=\"auto\">You may add the accounting periods and Chart of Accounts once you&#8217;ve configured the bank account.<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><h3><b><span data-contrast=\"auto\">Accounting period and chart of account<\/span><\/b><span data-ccp-props=\"{\">\u00a0<\/span><\/h3><div class=\"\" data-block=\"true\" data-editor=\"e40mi\" data-offset-key=\"4psdg-0-0\"><div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"4psdg-0-0\"><span class=\"hardreadability\"><span data-offset-key=\"4psdg-0-0\">In the Accounting periods, you may set up your fiscal years, as well as the opening and ending dates, to generate reports <\/span><\/span><span class=\"adverb\"><span data-offset-key=\"4psdg-1-0\">automatically<\/span><\/span><span data-offset-key=\"4psdg-2-0\">. <\/span><span class=\"hardreadability\"><span data-offset-key=\"4psdg-3-0\">This will remind you about tax periods and tax payments <\/span><\/span><span class=\"adverb\"><span data-offset-key=\"4psdg-4-0\">automatically<\/span><\/span><span class=\"hardreadability\"><span data-offset-key=\"4psdg-5-0\"> to ensure that you do not miss any deadlines<\/span><\/span><span data-offset-key=\"4psdg-6-0\">.<\/span><\/div><\/div><p><span data-contrast=\"auto\">As illustrated in the figure below, you may add accounts to the chart of accounts&#8217; menu.\u00a0<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b5fd042 elementor-widget elementor-widget-image\" data-id=\"b5fd042\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"822\" height=\"396\" src=\"https:\/\/targetintegration.com\/wp-content\/uploads\/\/2022\/05\/SC-3.jpg\" class=\"attachment-large size-large wp-image-45414\" alt=\"Accounting Module\" srcset=\"https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/05\/SC-3.jpg 822w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/05\/SC-3-300x145.jpg 300w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/05\/SC-3-768x370.jpg 768w\" sizes=\"(max-width: 822px) 100vw, 822px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f96935d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f96935d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c9d8732\" data-id=\"c9d8732\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e5fa0cc elementor-widget elementor-widget-text-editor\" data-id=\"e5fa0cc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">This page allows you to manage all of your accounts. By selecting the CREATE option, you may add other accounts to the chart.\u00a0<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">After configuring the bank and company account data, you may use the module to design and generate an invoice for your business. Follow the link to learn all there is to know about making and handling invoices with Odoo.\u00a0\u00a0<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">You may create and add several accounts to the chart after the first setting to manage them efficiently.\u00a0<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><h3><b><span data-contrast=\"auto\">Fiscal localization<\/span><\/b><span data-ccp-props=\"{\">\u00a0<\/span><\/h3><p><span data-contrast=\"auto\">It should be set up at the very initial point after installing the accounting management module. Fiscal localizations are quite beneficial to your tax and account management. Installing the Fiscal localization packages allows you to customize the Fiscal localization.<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Fiscal localization packages are country-specific modules that include pre-configured taxes, fiscal positions, chart of accounts, and legal paperwork that can be applied to the Odoo database and connected to the accounting module. Note that Odoo will install the package for the configurations and country you choose during database set-up automatically.\u00a0<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">The accounting module makes configuring fiscal localizations a breeze. Go to the configuration in the accounting module and look for the Fiscal country option, which you can see in the figure below.<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8fdf10a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8fdf10a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-14d47cf\" data-id=\"14d47cf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0fa753e elementor-widget elementor-widget-image\" data-id=\"0fa753e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"824\" height=\"399\" src=\"https:\/\/targetintegration.com\/wp-content\/uploads\/\/2022\/05\/SC-4.jpg\" class=\"attachment-large size-large wp-image-45415\" alt=\"Accounting Module\" srcset=\"https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/05\/SC-4.jpg 824w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/05\/SC-4-300x145.jpg 300w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/05\/SC-4-768x372.jpg 768w\" sizes=\"(max-width: 824px) 100vw, 824px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3b2995a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3b2995a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9cd6615\" data-id=\"9cd6615\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3e2db4f elementor-widget elementor-widget-text-editor\" data-id=\"3e2db4f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">You may choose a country from the drop-down menu and handle it effectively by clicking the external link next to it. To easily control the process, use the sophisticated capabilities of the module.\u00a0<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Follow and read our posts on fiscal localizations to learn more about them and the supporting nations&#8217; setups.\u00a0<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">The module&#8217;s initial setup is easy. You may complete the entire configuration setting procedure in minutes thanks to the module&#8217;s straightforward and easy-to-use interface. Because the module is tightly connected with the Odoo database, all of your data, including your colony data, will be immediately loaded and classified on the module based on the settings you provided during setup.\u00a0<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">The Accounting module is simple to use and administer. After the module&#8217;s initial configuration, you may simply manage and alter it at any moment for easy management. The module&#8217;s automated nature makes it simple to manage complex and very intricate business data effectively and without data loss.<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><h3><b><span data-contrast=\"auto\">Tax Return Periodicity<\/span><\/b><span data-ccp-props=\"{\">\u00a0<\/span><\/h3><p><span data-contrast=\"auto\">The Tax Return periodicity field assists in determining the time period for filing the tax returns. This may be determined by looking at the periodicity. That is why you have alternatives such as monthly, yearly, semi-annually, every four months, and so on.<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9447760 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9447760\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6c0d554\" data-id=\"6c0d554\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ee111aa elementor-widget elementor-widget-image\" data-id=\"ee111aa\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"814\" height=\"231\" src=\"https:\/\/targetintegration.com\/wp-content\/uploads\/\/2022\/06\/SC-5.jpg\" class=\"attachment-large size-large wp-image-45447\" alt=\"Accounting Module\" srcset=\"https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/06\/SC-5.jpg 814w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/06\/SC-5-300x85.jpg 300w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/06\/SC-5-768x218.jpg 768w\" sizes=\"(max-width: 814px) 100vw, 814px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3ef8cfa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3ef8cfa\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-22a825e\" data-id=\"22a825e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5736695 elementor-widget elementor-widget-text-editor\" data-id=\"5736695\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">The figure above shows that we may schedule reminders for our tax returns. You may also manage the journal where you must submit the tax return data. Another alternative is to configure your tax accounts.<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><h3><b><span data-contrast=\"auto\">Rounding method<\/span><\/b><span data-ccp-props=\"{\">\u00a0<\/span><\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-26f94d8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"26f94d8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-654e1a2\" data-id=\"654e1a2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4339734 elementor-widget elementor-widget-image\" data-id=\"4339734\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"411\" height=\"187\" src=\"https:\/\/targetintegration.com\/wp-content\/uploads\/\/2022\/06\/SC-6.jpg\" class=\"attachment-large size-large wp-image-45448\" alt=\"\" srcset=\"https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/06\/SC-6.jpg 411w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/06\/SC-6-300x136.jpg 300w\" sizes=\"(max-width: 411px) 100vw, 411px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-eec6162 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"eec6162\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-65c66cf\" data-id=\"65c66cf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e9709cc elementor-widget elementor-widget-text-editor\" data-id=\"e9709cc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">This approach assists us in determining how total tax amounts are computed in orders and invoices. When the product prices are set, including the tax amount, you may select Round per Line.\u00a0<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><h3><b><span data-contrast=\"auto\">Tax Cloud<\/span><\/b><span data-ccp-props=\"{\">\u00a0<\/span><\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-754363c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"754363c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a35140d\" data-id=\"a35140d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b085e01 elementor-widget elementor-widget-image\" data-id=\"b085e01\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"410\" height=\"232\" src=\"https:\/\/targetintegration.com\/wp-content\/uploads\/\/2022\/06\/SC-7.jpg\" class=\"attachment-large size-large wp-image-45449\" alt=\"\" srcset=\"https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/06\/SC-7.jpg 410w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/06\/SC-7-300x170.jpg 300w\" sizes=\"(max-width: 410px) 100vw, 410px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f27c7c4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f27c7c4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8dbc5d9\" data-id=\"8dbc5d9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-58d0f58 elementor-widget elementor-widget-text-editor\" data-id=\"58d0f58\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW126568407 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW126568407 BCX0\">Tax Cloud is also included in this section. <\/span><span class=\"NormalTextRun SCXW126568407 BCX0\">They may be calculated here using US ZIP Codes. You may also choose the default category from the list above. You also have the EU Digital Goods Vat, which allows you to apply the right VAT rates on digital items sold in the European Union. Another feature is Cash Basis, which allows the user to arrange taxes on a cash basis. The fiscal country setting is another feature. When you pick a nation, you will only receive tax reports for that country.<\/span><\/span><span class=\"EOP SCXW126568407 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f0dfebb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f0dfebb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2efde70\" data-id=\"2efde70\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-62f1636 elementor-widget elementor-widget-image\" data-id=\"62f1636\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"821\" height=\"452\" src=\"https:\/\/targetintegration.com\/wp-content\/uploads\/\/2022\/06\/SC-9.jpg\" class=\"attachment-large size-large wp-image-45450\" alt=\"Accounting Module\" srcset=\"https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/06\/SC-9.jpg 821w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/06\/SC-9-300x165.jpg 300w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/06\/SC-9-768x423.jpg 768w\" sizes=\"(max-width: 821px) 100vw, 821px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6a2d2da elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6a2d2da\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ef3767c\" data-id=\"ef3767c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3a6c26d elementor-widget elementor-widget-text-editor\" data-id=\"3a6c26d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">Under Currencies, you have subsections such as primary currency, multi-currency, and automated currency rates.<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><h3><b><span data-contrast=\"auto\">Main Currency<\/span><\/b><span data-ccp-props=\"{\">\u00a0<\/span><\/h3><p><span data-contrast=\"auto\">This section assists us in determining the primary currency utilized by our organization. If you run a business in the United States, the major currency will be USD.\u00a0\u00a0<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><h3><b><span data-contrast=\"auto\">Multi Currencies<\/span><\/b><span data-ccp-props=\"{\">\u00a0<\/span><\/h3><p><span data-contrast=\"auto\">This capability also allows us to conduct transactions in international currencies. You can activate other currencies from this page. This will assist us in posting exchange disparities in various journals, and gain and loss accounts.<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><h3><b><span data-contrast=\"auto\">Automatic currency rates<\/span><\/b><span data-ccp-props=\"{\">\u00a0<\/span><\/h3><p><span data-contrast=\"auto\">Another currency-related option is to set automated currency rates. This allows you to automatically update exchange rates when you choose the service bank, interval, and next run. When we manually specify the interval, we may utilize the next run option. That is, you might choose the date on which you must decide on an exchange rate.<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><h3><b><span data-contrast=\"auto\">Customer Invoice<\/span><\/b><span data-ccp-props=\"{\">\u00a0<\/span><\/h3>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-44810a6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"44810a6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-da80fd4\" data-id=\"da80fd4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e38a980 elementor-widget elementor-widget-image\" data-id=\"e38a980\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"819\" height=\"494\" src=\"https:\/\/targetintegration.com\/wp-content\/uploads\/\/2022\/06\/SC-10.jpg\" class=\"attachment-large size-large wp-image-45451\" alt=\"\" srcset=\"https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/06\/SC-10.jpg 819w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/06\/SC-10-300x181.jpg 300w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/06\/SC-10-768x463.jpg 768w\" sizes=\"(max-width: 819px) 100vw, 819px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d21ea39 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d21ea39\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-450c88e\" data-id=\"450c88e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bda0dd5 elementor-widget elementor-widget-text-editor\" data-id=\"bda0dd5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">You may properly manage our customer bills by activating several settings here.<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><p><strong>You might also like to know about ERP Software Pricing, <a href=\"https:\/\/targetintegration.com\/erp-software-price-how-much-does-erp-cost-in-india\/\">click here to read!<\/a><\/strong><\/p><h2><b><span data-contrast=\"auto\">Conclusion<\/span><\/b><span data-ccp-props=\"{\">\u00a0<\/span><\/h2><p><span data-contrast=\"auto\">Finding the correct<a href=\"https:\/\/targetintegration.com\/products\/odoo-erp-implementation-services\/\"><strong> ERP software<\/strong><\/a> for your start-up or small to medium-sized business can be difficult. However, it is critical to pick an ERP system that will expand your business. The best ERP software for startups and SMBs is built to your specific industrial needs, allowing it to scale as your business grows.<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\"><a href=\"https:\/\/targetintegration.com\/\"><strong>Target Integration<\/strong><\/a> has been supporting small-scale enterprises by assisting them to scale, expand, and succeed through technological advancements. <a href=\"https:\/\/targetintegration.com\/contact-us\/\"><strong>Our professionals<\/strong><\/a> would gladly assist you with your ERP requirements. We first examine your company and then propose business software that is appropriate for your needs.<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-643b79f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"643b79f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6df154d\" data-id=\"6df154d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a3e1c55 elementor-widget elementor-widget-image\" data-id=\"a3e1c55\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/outlook.office365.com\/owa\/calendar\/FreeBusinessReviewfromOdooExperts@targetintegration.com\/bookings\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1640\" height=\"400\" src=\"https:\/\/targetintegration.com\/wp-content\/uploads\/\/2022\/11\/book_slot_1640X400-1.png\" class=\"attachment-full size-full wp-image-49279\" alt=\"Digital Adoption solution\" srcset=\"https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/11\/book_slot_1640X400-1.png 1640w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/11\/book_slot_1640X400-1-300x73.png 300w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/11\/book_slot_1640X400-1-1024x250.png 1024w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/11\/book_slot_1640X400-1-768x187.png 768w, https:\/\/targetintegration.com\/wp-content\/uploads\/2022\/11\/book_slot_1640X400-1-1536x375.png 1536w\" sizes=\"(max-width: 1640px) 100vw, 1640px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Odoo&#8217;s accounting module is a sophisticated accounting management system that can easily handle massive amounts of data. The Odoo Accounting&#8230;<\/p>\n","protected":false},"author":4,"featured_media":45436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1,15,178],"tags":[85,91,549,183,351,146],"class_list":["post-45367","post","type-post","status-publish","has-post-thumbnail","hentry","category-article","category-erp","category-odoo","tag-business-management","tag-erp","tag-erp-for-sme","tag-odoo","tag-odoo-erp","tag-openerp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Odoo 15 Accounting Module - A quick walkthrough of the basic steps<\/title>\n<meta name=\"description\" content=\"Discover the power of Odoo&#039;s Chart of Accounts. Get a clear view of your financials, improve accuracy, and boost productivity. 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