Account Fiscal Year

by
Odoo          
v 10.0 Third Party 17

70.00 €

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Technical name sync_fiscal_year
LicenseOPL-1
Websitehttp://www.synconics.com
Read description for v 12.0 v 11.0
Required Apps Sale & Purchase Vouchers (account_voucher)
Invoicing (account)
Technical name sync_fiscal_year
LicenseOPL-1
Websitehttp://www.synconics.com
Read description for v 12.0 v 11.0
Required Apps Sale & Purchase Vouchers (account_voucher)
Invoicing (account)

Account Fiscal Year

A fiscal year (FY) is a period that a company or government uses for accounting purposes and preparing financial statements. A fiscal year may not be the same as a calendar year, and for tax purposes, the Internal Revenue Service (IRS) allows companies to be either calendar-year taxpayers or fiscal-year taxpayers.

Application helps accountant/account manager to manage fiscal years, fiscal year periods and generate opening and closing entries for fiscal year.

Key Features

  • Manage fiscal years and its periods.
  • Generating opening and closing entries for fiscal year.
  • Option to cancel opening entry.
  • Compatible with Community and Enterprise Edition.

Fiscal Year

For instance, Fiscal Year 2018 needs to be closed.

To define new fiscal year, go to Invoicing/Configuration/Periods/Fiscal Years

Periods can be defined in two formats: Monthly Periods and 3 Months Periods

For instance, to create monthly periods, click on Create Monthly Periods button.

Opening Entries Accounts

Define Income and Expense account for opening entries (if not created).

Opening Income Account

Opening Expense Account

Opening Entries Journal

To define Opening Entries Journal, go to Invoicing/Configuration/Accounting/Journal

Set previously created accounts in Default Debit Account and Default Credit Account

Generating Opening Entries

To generate Opening Entries, go to Invoicing/Periodic Processing/End of Period/Generate Opening Entries

Click on Create button to generate openning entries.

Generated opening entries

Click on Post button to Post this journal entry.

Cancel Fiscal Year Closing Entries

To cancel fiscal year closing entries, go to Invoicing/Periodic Processing/End of Period/Cancel Closing Entries

Enter Fiscal Year whose closing entries needs to be cancelled.
Click on Cancel Closing Entries button to cancel closing entries.

Once the closing entries are cancelled, you will no longer find opening entries for current fiscal year. To create opening entries for current fiscal year, you need to re-generate openeing entries.

Close Fiscal Year

To close fiscal year, go to Invoicing/Periodic Processing/End of Period/Close a Fiscal Year

Enter Fiscal Year to close.
Click on Close Fiscal Year button to close it.

Close Period

To close a period, go to Invoicing/Periodic Processing/End of Period/Close Period

Click on Close Period button to close it.

Free Support

1) One month free bug support period will be offered pertaining to any one server used, testing or live.
2) If an error appears in our app due to other custom modules installed in your system, we will charge for our efforts to resolve those errors.
3) Please note that you are not allowed to distribute or resell this module after purchase.
4) This module is tested and working on Odoo vanilla with Ubuntu OS.
Checkout Other Apps Developed By Synconics Technologies Click Here


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Odoo Proprietary License v1.0

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