Do not create sub-accounts
in customer, supplier, creditor and related accounts
430, 410, 400, 440, 407, 408 ...
The following video offers a detailed guide on how to manage and allocate appropriately the accounting accounts for customers and suppliers within the Odoo system.
This tutorial focuses on the importance of correctly defining accounts receivable and accounts payable, and how Odoo handles these accounts by default. It also explores options for customizing and adapting accounting accounts to meet the specific needs of your business.
The key points covered in the video include:
No subaccounts in Contacts
Understand how Odoo uses, by default, a single account for all accounts receivable transactions and another for accounts payable, and when it is advisable to create separate accounts for specific customers or suppliers.
Parent account assignment
Learn how to modify the accounts assigned to each customer or supplier from the accounting tab in their respective profiles, allowing for more detailed tracking of individual transactions and balances.
Consultation and reports
Discover how Odoo uses the name field as a sub-account, streamlining calculations and facilitating the accounting management of multiple customers and suppliers.
Configuration
Analyze how the correct configuration of these accounts influences financial reporting and the accuracy of the company's accounting statements.
Indispensable
This resource is indispensable for accountants, financial administrators, and business management professionals seeking to optimize their accounting processes and ensure accurate allocation of transactions related to customers and suppliers.
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