Part 7 Accounting Management

Accounting is the financial closing layer of Odoo implementation. Sales creates customer invoices, purchase creates vendor bills, inventory may create valuation entries, payments connect with bank and cash journals, and statements help companies follow up customer balances.

This part explains the accounting concepts used most often in Odoo implementation: chart of accounts, journals, taxes, customer and vendor invoices, payments, customer statements, and journal sequence rules. It is written for implementers and key users, not as a replacement for local accounting or tax advice. In real projects, finance teams and local accountants should confirm compliance details.