How to Manage Chart of Accounts in Odoo 14 | Odoo 14 Accounting Functional Video
22A chart of accounts or COA as the name indicates is a list of accounts. That is a list of all accounts created by the accounting wing of an organization for the user of the organization. These accounts are usually used for keeping track of all records. This will also help the business to record the financial exchanges in the general ledger of the business.
The list of accounts can be used to manage different factors like profit and loss and balance sheet. New accounts can be added to the chart of accounts. Apart from some of the pre-configured charts of accounts, every company can create its own charts of accounts based on their requirements.
Odoo Open source software with its full-fledged accounting module helps the business to create and manage the chart of accounts effortlessly. Odoo helps the business to list the accounts in a particular order. The list can be managed in the order of their appearance in the financial reports.
Video Contents:
00:00 Introduction
00:28 Install Fiscal Localization Packages
01:09 Chart of Accounts in Odoo Accounting Dashboard
02:48 How to Create a New Chart of Accounts
08:30 Journal Items in Chart of Accounts
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