Availability |
Odoo Online
Odoo.sh
On Premise
|
Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
Lines of code | 1414 |
Technical Name |
sync_fiscal_year |
License | OPL-1 |
Website | http://www.synconics.com |
Versions | 10.0 11.0 12.0 13.0 14.0 15.0 16.0 |
A fiscal year (FY) is a period that a company or government uses for accounting purposes, preparing financial statements. A fiscal year may not be the same as a calendar year for tax purposes. The Internal Revenue Service (IRS) allows companies to be either calendar-year taxpayers or fiscal-year taxpayers.
Our application helps accountant/account department to manage fiscal years, fiscal year periods, generate opening and closing entries for fiscal year.
Community
- Enterprise
(On-premises) Odoo.sh
Online


Fiscal Year Management

Option to Cancel Opening Entry

Generaties Opening & Closing Entries

Supports Multi Company
Manage fiscal years and its periods |
Option to cancel opening entry |
Generaties opening and closing entries for fiscal year |
Supports Multi Company |
For instance, Fiscal Year 2023 needs to be closed.

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

Periods can be defined in two formats: Monthly Period and 3 Months Periods.
For instance, to create monthly period, click on Create Monthly Periods button.

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

Opening Expense Account.

To define Opening Entries Journal, go to Invoicing/Configuration/Accounting/Journal.
Set previously created accounts in Default Credit Account and Default Debit Account.

To generate Opening Entries, go to Invoicing/Periodic Processing/End of Period/Generate Opening Entries.
To generate openning entries, click on "Create" button.

Generated opening entries

To Post journal entry, click on "Post" button

To cancel fiscal year closing entries, go to Invoicing/Periodic Processing/End of Period/Cancel Closing Entries
Enter Fiscal Year for cancelling closing entries
To cancel closing entries click on "Cancel Closing Entries" button.
The current year Opening entries won't be visible on cancelled closing entries. To create opening entries for current fiscal year, you need to re-generate openeing entries.

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 a period, go to Invoicing/Periodic Processing/End of Period/Close Period
Click on "Close Period" button to close it

Is this app compatible with Odoo Enterprise?
No, our app works with Odoo Community.
Does your module support a multi-company scenario?
Yes, our module supports multi-company scenarios.
We have seen your module. We want some additional customization in your module according to my or my client's requirements, how can I proceed?
Of course, our experienced developer team is ready for any kind of customization ,feel free to contact us. Kindly Email us your requirements on contact@synconics.com.You can also ping us on our Skype Account - synconics.technologies
All the apps are to be purchased separately, for individual versions and individual edition.
One month free bug support period will be offered pertaining to any one server used, testing or live.
Synconics is not responsible for installation or updating of the module on any of your server.
If an error appears in our app due to other custom modules installed in your system or if Odoo base source code is not updated on your system, to make it compatible with your source code, we'll charge you for our efforts to resolve those errors and make the module compatible with your source code.
Please refer the document for configuration. If any support is needed for module configuration, installation, updating or any help is needed, it will be considered in 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 PM IST (Indian Standard Time).
Support will not be provided during Indian public holidays or company holidays.
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Dedicated Developer
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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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