| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 71 |
| Technical Name |
account_types_ifrs_and_gaap |
| License | OPL-1 |
| Versions | 18.0 19.0 |
Advanced Account Types for IFRS & GAAP
30+ professional account types for accurate financial reporting under IFRS, US GAAP, and specialized sectors
Perfect for: SMEs, multinational companies, accounting firms, fintech, microfinance, and consultants who need clean and professional financial statements.
What's New in this Version (19.0.1.0.2)
- Right-of-Use Asset (IFRS 16 / ASC 842)
- Current & Non-Current Lease Liability (IFRS 16)
- Contract Assets & Contract Liabilities (IFRS 15)
- Assets Held for Sale (IFRS 5)
- Other Comprehensive Income (OCI)
- Revaluation Surplus
- Non-Controlling Interest
- Accumulated Depreciation (Contra-Asset)
- Goodwill Impairment
- Warranty Provision & Environmental Provision
Key Features
IFRS & US GAAP Core Types
- Right-of-Use Asset & Lease Liabilities (IFRS 16)
- Contract Assets & Contract Liabilities (IFRS 15)
- Deferred Assets & Deferred Revenue
- Provisions & Asset Impairment
- Assets Held for Sale
Advanced & Equity Types
- Other Comprehensive Income (OCI)
- Revaluation Surplus
- Non-Controlling Interest
- Goodwill Impairment
- Accumulated Depreciation (Contra)
SME & NBFI Extensions
- Prepaid Expenses & Accrued Expenses
- Performing Loans, Overdue Loans & Loan Loss Reserve
- Inventory (LIFO)
- Capitalized Development Costs
- Off-Balance Sheet Commitments
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 19.0 (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.
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