@@ -35,80 +36,75 @@
- This information will appear on your invoices and legals statements. + The first step if to setup your company information. These are mostly used + to print invoices.
-What we have so far:
-✓
-Your Company's Logo
+| Legal Name | ++ | + + Change - - + | +
|---|---|---|
| Address | ++ + | ++ + Change + + | +
| Tax ID (VAT) | ++ + | ++ + Change + + | +
| Main Currency | ++ | + + Change + + | +
| Terms & Conditions | ++ | + + Change + + | +
| Payment Terms | +
+ | + Review Terms + | +
| Logo | +
+ | + + Change + + | +
-
-
- Start by creating each bank account manually: - Create Bank Accounts -
- Then, register your statements: -
- By importing a statement file (QIF, OFX, CODA or CSV format) -
- By connecting to your Bank (US, Canada, NZ only) -
- Manually, using our fast recording interface -
-
-
Before proceeding further, check that the code of your main bank account is correct.
-+ Once your company information are correct, your should + + setup your bank accounts. + +
+ Once your bank accounts are registered, you will be able to + get your bank statements from the Accounting dashboard. + The available methods to sync your bank accounts are: +
+-
+
- By connecting to your Bank +
- By importing a statement file (QIF, OFX, CODA or CSV format) +
- Manually, using our fast recording interface +
Before continuing, you should install the Chart of Account related to your country (or the generic one if your country is not listed).
+Before continuing, you must install the Chart of Account related to your country (or the generic one if your country is not listed).
Install Chart of AccountA Chart of Accounts related to your country has been installed. You should review it and create any additionnal accounts now. It's recommended to not delete any accounts even if you don't need them for now. +
+ A Chart of Accounts has been + installed. You should review it and create any additionnal accounts. +
+ It's recommended to not delete any accounts even if + you don't need them for now on. +
+ Review the Chart of Accounts +
- Review Chart of AccountsIf you use the Sales app, you can also force a specific fiscal position by changing it directly on the Sales Order or Contract.
-
- The multi-currency option allows you to send or receive documents (excluding expense claims) in currencies other than your own, to set up bank accounts in other currencies and run reports on your foreign currency activities.
Note: it's important to configure multi-currency before balancing your Accounts.
+
+ The multi-currency option allows you to send or receive + invoice in different currencies, to set up bank + accounts in other currencies and run reports on your + foreign currency activities.
To use the multi-currency option:
-
-
- Activate the corresponding option in the Accounting Settings -
- Review the list of available currencies (from the Accounting Configuration menu) +
- Activate the option in the Accounting Settings +
- Review the list of available currencies (from the Configuration menu)
Exchange rates are updated automatically once a day from XE.com. You do not need to setup your own rates.
+- To get a correct starting point in Odoo, enter your debit / credit for every accounts. +
+ Once your chart of account is created, you need to update the + balances of every account in Odoo.
- Enter your Accounts Balances
-
-
- In your old accounting software, print a Trial Balance -
- In Odoo, create a journal entry with a debit and a credit for every account of your new Chart of Account +
- In your old accounting software, print a trial balance +
- In Odoo, create a journal entry to set the balance of every accounts
If you have a just starting your business, your opening balances are likely to all be zero.
Record all your debits and credits in your company currency (Odoo will compute the amount automatically for accounts that are in another currency).
++ A common practice is to change your accounting software + at the end of a fiscal year. This allows to have less data + to import and balances to set. If you plan to do so, we + recommend you to start using Odoo for invoicing and payments + now and move all other accounting transactions afterwards. +
- Registering outstanding invoices and payments can be a huge work, so you can start using Odoo without it, by: -
-
-
- Sending customer statements (outstanding invoices) manually during the transition period -
- Registering payments related to outstanding invoices separately in a different account (e.g. Account Receivables 2014) -
+ Registering outstanding invoices and payments can be a huge work. But you can start using Odoo without it, by: +
+-
+
- Sending customer statements (outstanding invoices) manually during the transition period +
- Registering payments related to outstanding invoices separately in a different account (e.g. Account Receivables 2014) +
+ If you want to be able to send customer statements from Odoo, you must:
Don't share login details: if you do, you won't be able to maintain a reliable audit trail of access and data changes.
--
-
- Create a Customer Invoice Usually generated from Contracts, but can also come from Sales Orders or Deliveries. -
- Record Bank Statement (or import file) Depending on your volume of transactions, you should do this from once a week to several times a day. -
- Reconcile Bank Statement -
+ Create a Customer Invoice +
+
+ Record Bank Statement (or import file)
+ Depending on your volume of transactions, you should do this from once a week to several times a day.
+
Reconcile Bank Statement
