| Availability |
Odoo Online
Odoo.sh
On Premise
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| Odoo Apps Dependencies |
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Invoicing (account)
• Discuss (mail) |
| Lines of code | 244 |
| Technical Name |
layered_coa |
| License | LGPL-3 |
| Versions | 16.0 17.0 18.0 |
Multi-Level Chart of Accounts Hierarchy
Parent & Child Structure with Custom Depth Levels
Introducing the Layered Accounting Module
In an ever-evolving business landscape, the need for a flexible and structured accounting system is becoming increasingly urgent. We are proud to introduce our innovative accounting module designed to simplify the account creation process with customizable levels of depth or hierarchy tailored to your company’s specific needs.
This module allows users to organize their account structure across multiple levels of depth or hierarchy, providing the freedom to create more detailed and easily understandable reports. With the ability to adjust account depth, you can group transactions more effectively, resulting in reports that are structured, organized, informative, and relevant.
The main benefits of this module include:
- Clear Report Structure: With customizable depth levels, your accounting reports will be more organized and easier to analyze.
- Flexibility: Adjust the level of detail and depth according to your business requirements, ranging from general analysis to specific details.
- Ease of Use: The intuitive interface allows users from various backgrounds to quickly understand and utilize the module.
- Reduction of User Errors: Transactions can be restricted to child accounts only, meaning that transactions are performed in child accounts, while parent accounts are solely used to aggregate transactions from lower-level accounts.
With this layered accounting module, you not only gain a powerful tool but also a solution that can help your company optimize financial management.
Imagine having accounting reports that are more informative and relevant. By customizing account depth, you can group transactions more effectively, resulting in organized and easily analyzable reports.
Get ready to elevate your accounting reports to the next level! Don’t miss the opportunity to optimize your company's financial management. Acquire this layered accounting module now and see how it can assist you in generating clear and structured reports. Contact us for a free demo and start your journey toward better accounting reports!
How to use :
1. Introduction
Welcome to the guide on using the Multi-Level Chart of Accounts Hierarchy: Parent & Child Structure with Custom Depth Levels module. In this guide, you will learn how to effectively use this module to achieve your objectives.
2. System Requirements
Before proceeding, please be aware of the following rules:
- Account Type Consistency: Only accounts of the same type can be designated as parent or child accounts. This ensures structural integrity within your accounting report.
- Transaction Limitations: Transactions may only occur within child accounts, which represent the lowest level in the hierarchy.
- Category Modifications: Only child accounts have the authority to change their categories, providing flexibility for financial reporting.
- Parent Account Conversion: To convert a child account into a parent account, it is crucial to ensure that no transactions exist within that child account.
Important Note: Converting a child account with existing transactions or a balance into a parent account will render the balance inactive, as transactions cannot be processed on accounts marked as parent. (Parent Account Automatically Deprecated)
If you wish to proceed with this conversion without holding transactions or balances, transfer any existing transactions to another designated account.
3. Steps for Usage
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Setting the Number of Account Depth Levels
- Prerequisite: Ensure that the accounting module is installed on your system.
- Module Installation: Install the Multi-Level Chart of Accounts Hierarchy: Parent & Child Structure with Custom Depth Levels.
- Access Settings: Open the settings page.
- Navigate to Accounting Configuration: Click on the Accounting Configuration menu.
- Find Limit Layered COA: Locate the section titled "Limit Layered COA."
- Input Maximum Depth Levels: Enter the maximum number of depth levels based on your organization's needs. This setting determines how many levels of parent-child relationships can be established.
- Save Changes: Click the save button to apply your settings.
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Configuring the Chart of Accounts and Its Levels
- Navigate to Accounting Menu: Go to the Accounting Menu from your dashboard.
- Access Chart of Accounts: Select Configuration, then choose Chart of Accounts from the Accounting submenu.
- Display Account Tables: You can opt to display tables for both Child Accounts and Layered Accounts. This view provides clarity on account structures.
- Analyze Account Levels: By displaying the Child Accounts and Layered Accounts tables, you will gain insight into which accounts fall under which levels and identify any associated child accounts.
- Assign Parent Accounts: Enter the Parent Account to categorize the respective account under the chosen parent account. This assignment is crucial for maintaining a structured hierarchy.
- Refresh for Updates: After assigning parent accounts, refresh the page to view the updates reflecting the changes made.
- Continue Configuration: Proceed to adjust other accounts and their levels on the Chart of Accounts page as necessary, following the guidelines established in Step 3.2, Section 5.
- Final Save and Refresh: Always remember to save your changes and refresh the page to see the complete updates reflected in the Chart of Accounts.
4. Troubleshooting
- Transaction and Balance Issues: If you encounter challenges with transactions or held balances when converting a child account into a parent account, the solution is to transfer existing transactions from the child account to another account before making the conversion.
- Technical Support: For any technical errors or issues encountered during usage, please do not hesitate to reach out to our customer support team at primesolutionindonesia@gmail.com. We are here to assist you.
5. Conclusion
Following the steps outlined in this guide will enable you to effectively leverage the capabilities of the Multi-Level Chart of Accounts Hierarchy: Parent & Child Structure with Custom Depth Level module. By adhering to the specified guidelines and utilizing the provided tools, you will enhance the accuracy and organization of your financial data.
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