Account Fiscal Year

by
Odoo

138.22

v 13.0 Third Party 2
Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies Invoicing (account)
Discuss (mail)
Lines of code 1359
Technical Name fiscal_year_acs
LicenseOPL-1
Versions 14.0 15.0 13.0
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Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies Invoicing (account)
Discuss (mail)
Lines of code 1359
Technical Name fiscal_year_acs
LicenseOPL-1
Versions 14.0 15.0 13.0

Accounting fiscal year

This Application is compatible with

Community
Enterprise
Odoo.sh

Description

A fiscal year is used for accounting purposes to prepare financial statements for reporting and budgeting or other purposes. The fiscal year may not be same as a calendar year, it can be configured as per their fiscal-year ending.

Our application helps to manage fiscal year periods and generate opening and closing entries for fiscal year.

Features List

  • Manage fiscal year periods.
  • Generates fiscal year opening and closing entries.
  • Option to cancel opening and closing entries.

Fiscal Year

For example, Fiscal Year 2021 is to be closed.

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

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

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

Opening Entries Accounts

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

Opening Income Account

Opening Expense Account

Journal for Opening Entries

To define Journal for Opening Entries, 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 are to be cancelled.
Click on "Cancel Closing Entries" button.

Once the closing entries are cancelled, the opening entries for current fiscal year will also be cancelled. 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
Click on "Close Fiscal Year" button.

Close Period

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

Click on "Close Period" button.

Terms & Conditions

  • All the apps are to be purchased separately, for individual versions and individual editions.
  • One month free bug support period will be offered pertaining to anyone server used, testing, or live.
  • 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.
  • Please refer to the document for configuration. If you need our support for configuration, please request our paid support.
  • Please note that you are not allowed to distribute or resell this module after purchase.
  • This module is tested and working on Odoo vanilla with Ubuntu OS.
  • Support services will be provided from Monday to Friday, 10:30 AM to 7:30 PM IST (Indian Standard Time).

Our Services

We provide the following services for different Retail, Rental, Manufacturing & Service level Business

eCommerce Website

Increase online sales with a professional eCommerce website integrated with Odoo ERP, covering the business flow from payment integration to delivery process.

Odoo Customization

Our technical resourceful team is capable to handle any challenge for Odoo customization, module development, implementation, migration, integration.

Version Migration

Upgrade to the latest Odoo version with new features, functionality and superrior perfomance. We provide version & data migration services.

Dedicated Resource

Keep your projects rolling, either onsite or offsite with our dedicated resource programe. Contact us for more information.

Third party Connectors

Expand the scalability of Odoo by integrating it with other systems, like Google contacts, maps, WooCommerce, Magento, Shopify or payment gateway.

Odoo Training, Consultancy and Support

Hands-on-Training for functional/technical, support or for Odoo consultancy, contact us for our professional services.

Get In Touch

Please contact us for any kind of ERP Requirements, Customization, Migration or Digitalization for your small or big business.

Email Us aurayancs@gmail.com +91-931-346-7836
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).

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