Operate and configure Odoo’s ERP confidently with this “must have” Odoo accounting book for any successful Odoo Implementation team or project. This foundational book, Financial Accounting with Odoo, now on its third edition, has become the bible of the Open ERP accounting configuration industry, and is the most complete Odoo accounting guide for users.
The book is written in the style of a guide and supports you hand in hand, with a simple cadence and step-by-step process through the configuring and running of the Odoo Accounting Module. Financial Accounting with Odoo takes the mystery out of the critical aspects of initial set up by providing a detailed and simplified approach to learning and becoming comfortable with Odoo accounting configurations. Starting with initial system setup and continuing through closing, reporting, and predictive accounting procedures, the book covers it all from A to Z.
Greg Mader, Odoo’s top USA Consultant, has created the book from the experience of hundreds of Open ERP accounting “rescue missions,” optimizations and corporate transformations with the Odoo software. Readers of this Odoo accounting book learn to configure Odoo’s Open ERP accounting module to produce accurate and complete results… the first time.
Top 5 Reasons to Buy Financial Accounting with Odoo:
Explore answers from Odoo experts to a variety of user submitted questions about Odoo, or propose a question of your own.
Let’s assume that your Odoo system is set up to do the following:
Work in Progress (WIP) is the value for the goods that are currently being manufactured. Asset accounts need to be configured in the Balance sheet side of your General Ledger to reflect how you actually make things. If you have two work stations in your manufacturing routing, there should be two WIP accounts on your balance sheet.
Additionally, accounts should be added to reflect the activity and movement of goods, and the value added throughout the process. This is called “cost flow”, and it is useful to brush up on the concepts of this prior to starting. For a more detailed explanation, please check out Financial Accounting with Odoo.
Although it is possible to use Odoo without using Odoo Accounting, we never recommend this to our customers. Odoo Accounting is the foundational module of Odoo through which all critical business functions flow. We encourage customers to spend more resources upfront to configure and customize Odoo Accounting to avoid redundancy, confusion, and inefficiency in the future. Financial Accounting with Odoo is a valuable desk reference manual for Odoo users and for anyone considering implementing Odoo.
Although Financial Accounting with Odoo is not available in pdf, the book can be purchased here. If you are an OSI customer that needs help on any subject matters covered within Financial Accounting with Odoo, we will get that information to you.
Yes! We have worked with a number of top quality solo practice accountants in the US and Canada. We are happy to provide references and introductions to these talented people who can help with Taxes, audits, and special situations.
Yes! USAodoo’s method of configuration will give you real time valuation of your raw goods as well as your goods that are being processed at each step of the operation.
An Odoo system that is set up correctly can also track date codes and lots for the same goods, giving you a complete picture of your inventory.
Additionally Odoo can use LIFO or FIFO inventory methods; these are commonly used in the food processing industry.
USAodoo has a number of successful migrations from Microsoft Dynamics GP, SL, and NAV, as well as SAGE, and SAP B1. These legacy systems are expensive and hard to manage. USAodoo’s approach is to simplify the data migration, ensuring accurate reporting, and plan a successful, clean cut over.
You may wish to check out this case study: https://www.opensourceintegrators.com/solutions/accounting/sap-abandoned-for-usa-odoo-flexibility
Yes. Odoo can be configured for GAAP, IFRS, or other accounting approaches. USAodoo has set up Odoo for a number of Fortune 1000 companies in this manner.
Similarly, Odoo configured correctly has successfully passed audits when implemented correctly.
The book can be ordered online through Amazon.com. Just click on one of the links on this page to view current pricing.
Yes. Greg Mader, the author of Financial Accounting with Odoo, and President of OpenSourceIntegrators.com and USAodoo.com is pleased to speak with anyone who has a need or interest in pushing Open Source Software to the next level for their companies. You can contact him from any of the contact forms on this website.
You can find the best and only step-by-step guide to Odoo software and its accounting module on Amazon.com. Just follow the links on this page.
Yes. With the right Odoo integrator, your company can harness the capability of SalesForce AND the power of Odoo. Here is a link to some of the thinking behind a hybrid Odoo software Implementation.