South Africa - Accounting
Complete South African localization for Odoo Accounting
Chart of Accounts
Professionally designed for South African businesses
Complete South African Chart of Accounts template following best practices for accountants, bookkeepers and business owners. Pre-configured account structure ready for immediate use.
Standards-compliant account hierarchy with appropriate income, expense, asset, liability and equity accounts. Suitable for sole proprietors, partnerships and companies.
Multi-company support with consolidated reporting. Easy bank reconciliation and automated journal entries for common business transactions.
Tax Configuration
South African tax rates and regulations
VAT (Value Added Tax): Standard 15% VAT rate with reverse-charge mechanism support for international transactions and zero-rated supplies.
Income Tax Withholding: Dividends tax, interest withholding and royalty tax templates pre-configured for compliance with SARS requirements.
Skills Development Levy (SDL): 0.5% levy on payroll, Unemployment Insurance Fund (UIF) and other statutory deductions ready for configuration.
Fiscal Position
Automated tax treatment for different business scenarios
VAT treatment rules for local customers, export customers and zero-rated supplies. Automatically apply correct tax rates based on customer location and product classification.
Supplier tax treatment for different vendor types including non-VAT registered suppliers, foreign suppliers and inter-company transactions.
Automatic tax recalculation based on customer type, invoice classification and supply nature. Support for conditional tax rates and exemptions.
Business identity number (BIN) and VAT registration tracking. Integration with customer master data for tax compliance and audit purposes.
Historical tax rates with automatic effective date management. Update tax rules without affecting past transactions.
VAT return reconciliation with automatic tax balance calculation and period-specific tax reporting.
Currency and Banking
South African Rand and international transactions
Currency Settings
- Primary Currency: South African Rand (ZAR)
- Multi-currency Support: USD, EUR, GBP and other major currencies
- Exchange Rates: Daily rate updates with historical tracking
- Rounding Rules: South African rounding conventions applied
Bank Account Setup
- Local Banks: Pre-configured for major South African banks
- International Banks: Support for foreign currency accounts
- Bank Reconciliation: Simplified matching with bank statements
- Automated Payments: Integration with EFT and electronic payment systems
Accounting Tags
Organize and analyze your finances
Comprehensive account tagging system for financial reporting and analysis. Pre-configured tags for balance sheet and income statement presentation. Support for analytical accounting with cost centers and departments. Automatic tag application based on account type and transaction classification. Customizable reporting dimensions for management accounting.
Features
Designed for South African accountants and businesses
All South African Taxes: VAT, income tax withholding, SDL and other statutory deductions pre-configured and ready to use.
Professional Chart of Accounts: Designed by accountants for accountants, following South African accounting standards.
Easy Bank Imports: Simplified bank statement importing with automatic account matching and reconciliation.
Multi-company Support: Manage multiple legal entities with consolidated reporting capabilities.
Compliance Ready: Supports compliance with SARS and other regulatory requirements for South African businesses.
Bookkeeper Friendly: Intuitive interface designed for ease of use, even for non-technical staff.
Installation and Setup
Get started with South African accounting in minutes
Simply install the module and create a new company to activate the South African Chart of Accounts template. All tax configurations, account structures and fiscal positions will be automatically applied. We recommend setting up a test company first to familiarize yourself with the accounting structure before migrating live data.
- Module installation takes less than 5 minutes
- Chart of Accounts automatically applied to new companies
- Tax rates pre-configured and ready to use
- Can be updated with latest tax rates as they change
- Full documentation available for customization
About Prys Accounting
South African Accounting Expertise
Website: www.prys.co.za
Email: support@prys.co.za
Support: Full support available for module implementation and customization
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Technical Name |
l10n_za_accounting |
| License | See License tab |
| Website | http://www.prys.co.za |
Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
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