How to set opening balance in odoo 13?

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Published on ● Video Link: https://www.youtube.com/watch?v=rWeClhKAypk


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Duration: 10:28
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This video is to show How to setup opening balances in Odoo 13. At the year-end, we will have to transfer the closing balance of the current year as an opening balance to the new financial year. In odoo we used a journal and journal entries for setting opening balance.

0:00 Introduction
0:23 Create opening balance from the accounting dashboard
3:20 Set up the Opening balance on the basis of other activities (Manually create journal entry)
3:47 How to Create a Chart of Accounts?
9:26 Report in Partner ledger

First, create an equity account for opening balance and a journal entry to bring account balances into the new financial year as opening balance entries. The date of the journal entry should the beginning of the fiscal year or quarter.

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