| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 45 |
| Technical Name |
account_types_ifrs_and_gaap |
| License | OPL-1 |
| Versions | 18.0 19.0 |
Advanced Account Types for IFRS & GAAP
Add missing account types to get accurate Balance Sheet and P&L under IFRS and US GAAP – no configuration needed
Perfect for: SMEs, multinational subsidiaries, accounting firms, fintech lenders, microfinance institutions, and Odoo consultants who want professional financial statements without heavy customization.
Key Features
Core Account Types (IFRS & GAAP)
- Current & Non-Current Deferred Assets
- Current & Non-Current Deferred Revenue
- Provisions (IAS 37 / ASC 450)
- Asset Impairment Allowance (IFRS 9 / ASC 326)
- Retained Earnings
- Off-Balance Sheet Commitments
Bonus Standard-Specific Types
- Inventory (LIFO) – US GAAP
- Capitalized Development Costs – IFRS
- Prepaid Expenses & Accrued Expenses – essential for SMEs
- Performing Loans, Overdue Loans & Loan Loss Reserve – critical for NBFI, fintech, microfinance
Immediate Benefits
- Better classification in Balance Sheet and Profit & Loss
- No setup required – install and use instantly
- Lightweight and upgrade-safe
- Fully compatible with all Odoo financial reports
- Supports SMEs and growing NBFI/microfinance sectors
Why Choose This Module?
Odoo's default account types are great for basic needs, but serious financial reporting under IFRS or US GAAP – and especially for SMEs and NBFI – often requires more granular classifications like deferred items, provisions, impairment, prepaid expenses, accrued expenses, and loan loss reserves.
This module solves that problem with a clean, minimal extension that works out of the box – perfect for growing businesses worldwide.
Compatibility
- Odoo 18.0 (Community & Enterprise)
- Works with all official localization packages
- No core modifications – 100% upgrade safe
Install once – get professional IFRS & GAAP-ready financial reports in minutes, plus SME and NBFI support.
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.
Please log in to comment on this module