How to Configure Journals in Odoo 13

1. Configure journals in Odoo13 www.cybrosys.com

2. INTRODUCTION • An accounting journal is a record of transaction exchanges requested by date, these transactions are recorded in the name of journal entries. • Each journal entries show account names and their credits and debit values. • In Odoo we can create different types of journals. • Sales • Purchase • Cash • Bank • Miscellaneous • These are the basic five types of journals in Odoo. Each journal types have different rules

3. However, one can also add different journals in Oodo.Go to Accounting > Configuration > Accounting > Journals.

4. Upon clicking Journals, you will be navigated to a new window, where Odoo enlists with different Journal Types like Customer Invoices, Vendor Bills, and more.

5. Upon clicking the create button, you can add a new accounting journal in Odoo.

6. Then from product page, setting newly created account as income account for that product.

7. The creation form includes: Journal Name: The field defines the name of the accounting journal. Type: There are five types of journals in Odoo. • Sale: Select Sale for customer invoice journal. • Purchase: Select Purchase for Vendor Bills • Cash: Select cash for journals that are used in customer or vendor payments. • Bank: Select Bank for journals that are used in customer or vendor payments. • General: General for miscellaneous operations journals. • Under Journal Entries Tab: Short Code: Odoo will create a sequence number for each journal we create. Journal entries of this journal uses this short code as the prefix of generating sequence.

8. Next Number: The next sequence number will be used for the next invoice. Default Debit Account: It is the default account for debit amount. Default Credit Account: It is the default account for credit amount.

9. Under Advanced Settings Tab:

10. Communication type - You can set here default communication,that will appear on customer invoices, once validated, to help the customer to refer to that invoice for making the payment • Communication Standard - Models for different references,By default it will be odoo • Account Type allowed : Account type allowed for this journal • Accounts Allowed : Accounts allowed for this journal • Lock posted entries with Hash : If it is enabled the invoice/accounting entries get hash as soon as validated and cannot edit anymore • Configure email server - You can configure email server for this particular journal

11. Let’s create a new one with Type, short code and company

12. Let’s create journal entries for this journal from Accounting > Journal Entries > Create

13. As a result we will get a popup like below. • This is the only way to delete a COA once the transaction has been recorded.

14. We can use this journal for creating invoice and so on.

15. For More Details Check our company website for related blogs and Odoo book. Odoo for Beginners - Odoo V13 Odoo 13 Accounting Check our YouTube channel for functional and technical videos in Odoo. How to configure Journals in Odoo 13?

17. Thank You