Finance requirements before configuration
Finance requirements before configuration
- Define the reports, controls, owners and period-end decisions finance must trust.
- Agree how sales, purchases, inventory and production events become accounting entries.
Chart of accounts, journals and posting controls
Chart of accounts, journals and posting controls
- Design account groups around management questions rather than copying an old spreadsheet without review.
- Separate journal ownership, posting permissions, approval evidence and correction rules.
Receivables, payables and aging
Receivables, payables and aging
- Set customer and supplier ownership, due-date rules, credit decisions and aging review.
- Make disputed, overdue and unapplied balances visible instead of hiding them in manual trackers.
Bank reconciliation and audit trail
Bank reconciliation and audit trail
- Define matching logic, tolerance, exception queues and reviewer evidence.
- Preserve a traceable history for adjustments, reversals, approvals and period locks.
Inventory valuation, COGS, landed costs and manufacturing costing
Inventory valuation, COGS, landed costs and manufacturing costing
- Decide valuation policy, stock accounts, cost of goods sold and the treatment of landed costs.
- Connect BOM consumption, production, WIP and finished goods to costing and financial reconciliation.
Analytic accounting, cost centres and multi-company
Analytic accounting, cost centres and multi-company
- Use analytic dimensions when they answer a real responsibility or profitability question.
- Design company, currency, intercompany and consolidation decisions before loading master data.
Approvals, period-end close and management reporting
Approvals, period-end close and management reporting
- Create a close calendar with reconciliations, review ownership and controlled exceptions.
- Build reports from trusted process events, not a second shadow ledger.
Finance UAT and the limits of a module-only approach
Finance UAT and the limits of a module-only approach
- Test end-to-end sales, purchasing, stock, production, payment and close scenarios with realistic data.
- Odoo accounting is not enough when process ownership, master data, controls or reporting decisions remain unresolved.
Bangladesh context
Validate current tax and regulatory requirements with a qualified adviser.
VAT, AIT, tax, statutory reporting and local compliance settings can change and depend on the entity and transaction. This guide is not legal or tax advice; validate current requirements with the appropriate authority or adviser before configuring them.
FAQ
Frequently asked questions
What should be decided before Odoo accounting configuration?
Reporting, chart of accounts, journals, controls, inventory valuation, costing, reconciliation, period close and ownership should be agreed first.
Can Odoo accounting replace process redesign?
No. It can make an agreed process more consistent, but it cannot decide ownership, control intent or unresolved exceptions for the business.
Does this page provide Bangladesh tax advice?
No. Current tax and VAT requirements should be validated with a qualified adviser or relevant authority before configuration.
A useful next step