One click turns Invoicing into a complete accounting application: financial reports, assets, budgets, bank reconciliation, statement import, customer follow-ups, cash forecast, cheque printing, currency rates and revaluation, fiscal years, period closing and recurring payments, with the accounting menus, groups and dashboards that make them work as one.

17 accounting apps in one installCommunity EditionMulti-company readyLGPL-3

⬇ Download the User Guide (PDF)

42 pages · the settings checklist, daily work, bank, assets, budgets, closing and every report

New in Odoo 20

What this release adds

Nine capabilities written for Odoo 20 and one rewritten from scratch. All but the last are installed and arranged by this app, and the whole suite now speaks 28 languages. Everything below this section was already part of the suite and has been carried over.

Annual ReportNew

The financial year as one PDF: cover, contents, key figures, then the Balance Sheet and Profit and Loss with last year beside them.

Bank Reconciliation StatementNew

The bank balance reconciled to the cash your books believe in, with a schedule of every item the bank has not cleared yet.

Accounting DashboardsNew

Eight spreadsheet dashboards in the Dashboards app: overview, profit and loss, balance sheet, receivables and payables, bank and cash, assets, budgets and follow-ups.

Bank ReconciliationNew

A reconciliation screen of its own, with ranked suggestions, manual counterparts, reconciliation models and automatic reconciliation.

Cash ForecastNew

The bank balance week by week or month by month, from the open invoices and bills, the payments in transit and the items you expect.

Cheque PrintingNew

Configurable cheque formats for the cheques of any bank, positioned in millimetres, with payment stubs, a MICR line and a test print.

Automatic Currency RatesNew

Rates updated daily, weekly or monthly from the ECB, Frankfurter, Open Exchange Rates or ExchangeRate-API, with a backup source.

Currency RevaluationNew

The open foreign currency balances restated at the closing rate, as one adjustment entry reversed at the start of the next period.

Budget Control of PurchasesNewSeparate module

A Committed column on every budget line showing what the confirmed purchase orders have already promised and not yet billed, and a warning — or a block — on the purchase orders that would go over budget. This one is not installed by this app: it is the module Odoo 20 Budget Management - Purchase (om_account_budget_purchase), free on the Odoo Apps store like the rest of the suite. Download it into your addons path and it installs itself as soon as Purchase and the budgets are both there, or install it by hand from the Apps list.

Bank Statement ImportRebuilt

Rewritten for 20.0: CAMT.053, MT940, OFX, QFX, QIF, and CSV or Excel read through a column map of your own bank.

In your language28 languages

Every screen, report, letter and email of the 18 modules is translated, with the accounting terms Odoo itself uses in each language.

ArabicChinese (Simplified)Chinese (Traditional)CzechDanishDutchFinnishFrenchGermanHebrewHungarianIndonesianItalianJapaneseKoreanPersianPolishPortuguese (Brazil)Portuguese (Portugal)RomanianRussianSpanishSpanish (Latin America)SwedishThaiTurkishUkrainianVietnamese

What you get

Everything in one application

Installing this app installs and arranges the whole Odoo Mates accounting suite. Each feature below is a module of its own: install them together here, or one by one.

Financial Reports

Balance Sheet, Profit and Loss, Cash Flow Statement, General Ledger, Trial Balance, Partner Ledger, Aged Balance, Tax Report and Journals Audit, in PDF.

Asset Management

Assets and categories, linear and degressive depreciation, depreciation board, assets from vendor bills, sale or disposal, and the depreciation schedule.

Budget Management

Budgets by budgetary position or analytic account, with the actual, theoretical and achieved amounts, over-budget warnings and a budget analysis, plus the committed amounts and the budget control of purchase orders.

Bank ReconciliationNew

A reconciliation screen with suggestions, manual counterparts, reconciliation models, automatic reconciliation and a Match Journal Items screen.

Bank Statement ImportRebuilt

CAMT.053, MT940, OFX, QFX, QIF and CSV or Excel with a column map of your bank that is kept for the next import.

Customer Follow-ups

Follow-up plans and levels, reminder emails and letters, promises to pay, disputes, exclusions, customer statements and a follow-up analysis.

Cash ForecastNew

A weekly or monthly forecast built from the invoices, bills, payments, bank entries and the expected items you enter yourself.

Cheque PrintingNew

Configurable cheque formats to the millimetre, for the cheques of any bank, with stubs, amounts in words, MICR line and a test print.

Automatic Currency RatesNew

Daily, weekly or monthly rates from the European Central Bank, Frankfurter, Open Exchange Rates or ExchangeRate-API, with a backup source.

Currency RevaluationNew

Restate the open foreign currency balances at the closing rate and post the unrealized gain or loss, reversed at the start of the next period.

Fiscal Year & Closing

Fiscal years, year-end closing entry, a period closing checklist with automatic checks, and the lock dates of the company.

Recurring Payments

Templates and schedules that create the payments of rents, leases or subscriptions by themselves, posted or left in draft.

Daily Reports

Day Book, Cash Book and Bank Book in PDF, with initial balances, journal and account filters and a choice of sorting.

Accounting DashboardsNew

Eight spreadsheet dashboards in the Dashboards app: overview, profit and loss, balance sheet, receivables and payables, bank and cash, assets, budgets and follow-ups.

Accounting Menus & Rights

Journals, Bank and Cash, Reconciliation, Ledgers, Closing and Management menus, the Accountant, Advisor and Auditor groups, account tags and payment methods.

Accounting Options

Anglo-Saxon accounting, the In Payment status on invoices, the customer credit limit, and the Reconcile action on the journal items.

Budget Control - PurchaseNew

Committed amounts from the confirmed purchase orders, and a warning or a block on the orders that go over budget. A separate download: om_account_budget_purchase.

The application

An accounting application, not an invoicing one

The Invoicing application becomes Accounting, and the menus of every installed app are arranged where an accountant looks for them: the daily work under Accounting, the reports under Reporting, the settings under Configuration.

✓ A Journals menu with the sales, purchase, bank and cash, and miscellaneous entries.

✓ A Bank and Cash menu with the bank statements and the cash registers.

✓ Reconciliation, Ledgers, Closing and Management sections gathered in one place.

✓ Journal Items available to every accounting user, with a Reconcile action.

✓ Account Tags and, in developer mode, the Payment Methods of the journals.

✓ Accountant, Advisor and Auditor groups, with an Advisor being an Accountant as well.

The accounting dashboard: journals, what is left to reconcile and the cheques to print.

The Accounting menu: transactions, journals, bank and cash, reconciliation, ledgers, assets, budgets, recurring payments, cash forecast items and closing.

Financial reports

The statements your accountant asks for

Every report is filtered by company, journals, dates and target moves, printed in PDF, and built on report structures you can edit yourself.

✓ Balance Sheet and Profit and Loss, with a comparison period and optional debit and credit columns.

✓ Cash Flow Statement split into operating, investing and financing activities.

✓ General Ledger with an optional initial balance, sorted by date or by journal and partner.

✓ Trial Balance filtered by accounts, partners and analytic accounts.

✓ Partner Ledger for receivables, payables or both, with a currency column.

✓ Aged Partner Balance with the period length of your choice, plus Aged Receivable and Aged Payable.

✓ Tax Report for a date range and Journals Audit for the entries of the period.

✓ Journal entries and partner statements printed straight from their print menu.

Balance Sheet and Profit and Loss.

Cash Flow Statement, as a summary or detailed by account.

General Ledger and Partner Ledger.

Aged Partner Balance and Trial Balance.

Tax Report and Journals Audit.

The Reporting menu: statement, partner, tax, audit, daily and management reports.

Annual report

The whole year, in one document

One PDF for the financial year: a cover page, a table of contents that names the page each statement starts on, the key figures, then the Balance Sheet and the Profit and Loss, each beside the same period a year earlier.

✓ Opens on the current financial year, already filled in.

✓ Last year in the next column, with the movement in amount and per cent.

✓ Key figures on a page of their own: revenue, expenses, the result and total assets.

✓ Add the Cash Flow Statement, your own notes and a page to sign.

✓ Your company logo on the cover, and page numbers throughout.

The cover, and the key figures with last year beside them.

Daily reports

Day Book, Cash Book and Bank Book

The three reports a bookkeeper prints every day, with the journals of the company proposed by default and the accounts of the cash and bank journals already selected.

✓ Day Book: the journal items day by day for a date range.

✓ Cash Book and Bank Book with an initial balance row when a start date is set.

✓ Show all accounts, only the ones with movements, or only the ones with a balance.

✓ Sort by date or by journal and partner, for posted entries only or for all entries.

Day Book.

Cash Book.

Bank Book.

Assets

Asset management with a depreciation board

Record an asset, preview its depreciation, confirm it, and let the entries be posted on their date. Modify, pause, sell or dispose of it at any time.

✓ Asset categories holding the accounts, the journal and the depreciation method.

✓ Linear, degressive, or degressive then linear, over a number of entries, up to a date or at a rate.

✓ Prorata temporis, a first depreciation date of your own, and the depreciation already booked.

✓ Assets created automatically from the lines of a vendor bill when it is posted.

✓ Modify a running asset from a date, pause and resume it, sell or dispose of it in part or in full.

✓ Depreciation Schedule report and an Assets Analysis in graph and pivot views.

The depreciation board of a running asset.

The assets, with their gross value, depreciation and book value.

An asset category: the accounts, the journal and the method of similar assets.

The Depreciation Schedule of a period, grouped by category.

Assets Analysis.

Budgets

Budgets, with what was planned and what was spent

Plan by budgetary position, by analytic account or by both, and follow on every line the actual amount, the theoretical amount expected today and the achievement.

✓ Draft, confirmed, validated, done and cancelled, with the changes locked once it is confirmed.

✓ Expense and revenue lines, spread over the period or expected in full on a planned date.

✓ An Over Budget filter, and a warning banner on the vendor bills that would go over a line.

✓ Documents over budget can be blocked for everyone but the accounting managers.

✓ With Purchase installed, a Committed column shows what the confirmed purchase orders have already promised on each expense line but not billed yet.

✓ Purchase orders going over budget warn the buyer before confirmation, and are blocked too when the blocking option is on.

✓ Copy a budget to the next period, or split its lines by month or by quarter.

✓ A Budget vs Actual PDF and a budget analysis in pivot, list and graph views.

Optional add-on · new in 20.0

Budget control of purchase orders

The two points above come from a module of their own that this app does not install for you: Odoo 20 Budget Management - Purchase (om_account_budget_purchase). It is free on the Odoo Apps store, like every module of this suite.

Download it, drop it in your addons path, then update the apps list: it installs itself as soon as Purchase and the budgets are both installed, or you can install it by hand from Apps. Without it the budgets work exactly as described above, counting the vendor bills only.

A budget with its lines, the amounts achieved and the totals of the period.

The Budget vs Actual PDF.

Budget Analysis.

Warn the responsible of a budget, and block the documents that go over it.

BankNew in 20.0

Bank reconciliation, the way it should work

A screen of its own for the bank and cash transactions: pick a journal, see the open items that are likely to be the counterpart, and validate.

✓ Suggestions ranked by amount, reference, partner and direction.

✓ Match one item, several items or a part of an amount; add a counterpart by hand with its taxes.

✓ Apply a reconciliation model, or let the automatic reconciliation treat the new transactions.

✓ Undo a reconciliation, mark a transaction to check, or leave a note for a colleague.

✓ Match Journal Items: the open items of the reconcilable accounts, grouped by account and partner.

✓ Write off a difference on the journal, account, date and label of your choice.

The bank reconciliation screen.

Match Journal Items, outside the bank.

Import the statements of your bank

CAMT.053 (ISO 20022), MT940 (SWIFT), OFX or QFX, QIF, and CSV or Excel with a map of the columns of your bank, kept for the next import. The journal is recognised from the account number in the file, the transactions already imported are skipped, and the file stays attached to the statement.

Import Statement.

Bank reconciliation statement

What the bank says, against what the books say

A payment sits in an outstanding account until a bank statement clears it, so the ledger balance and the money you actually hold are rarely the same number. This statement prints the difference, and the items behind it.

✓ Balance per bank, plus uncleared receipts, less uncleared payments, giving the cash position per books.

✓ A schedule of every uncleared item, with its date, reference, partner and amount.

✓ Bank items still sitting in the suspense account, listed separately.

✓ One section per bank journal, drawn up as at any date.

✓ Says so when a journal has no outstanding account set, instead of printing a wrong total.

The reconciliation, and the uncleared items behind it.

Follow-ups

Get paid: customer follow-up management

One screen with the customers who owe you money and what to do today, and reminders that go out by email, by letter or by themselves.

✓ Action Needed, Overdue, Promise to Pay and Excluded, with the reminder due and the next date.

✓ Several follow-up plans per company, with a delay, a message and an action on every level.

✓ Send a reminder for one customer, or the reminders of a whole plan in one step.

✓ The emails list the overdue invoices with a link to the customer portal.

✓ Promises to pay, disputed invoices and excluded customers are left out of the reminders.

✓ A Customer Statement PDF with the open items, the ageing and the bank details of the company.

✓ Manual actions scheduled as activities of the follow-up responsible.

✓ A Follow-up Analysis per customer, in graph, pivot and list views.

The Follow-ups screen: who to remind today, at which level, for how much.

A follow-up plan and its levels.

The Customer Statement.

Follow-up Analysis.

Cash forecastNew in 20.0

Know what the bank balance will be

A forecast by week or by month, from the opening balance of the bank and cash accounts, the open invoices and bills on their due date, the payments not yet reconciled, and the items you expect yourself.

✓ 1 to 60 periods from the starting date of your choice.

✓ Overdue invoices and bills in a column of their own, or left out.

✓ Draft invoices and bills included when you want them.

✓ Salaries, rent, loans and taxes entered once or repeated every week, month, quarter or year.

✓ Draft recurring payment lines shown on their own lines.

✓ An option to detail every line by partner, and a warning when the balance goes negative.

The cash forecast, month by month.

The expected receipts and payments you enter yourself.

ChequesNew in 20.0

Print the cheques of any bank

Place every printed field at an exact position in millimetres, on a cheque book leaf or on a voucher cheque, and calibrate it with a test print.

✓ A4, US Letter or a custom paper size, with the cheque on top, in the middle or at the bottom.

✓ Width, height, font size, bold, alignment, spacing, rotation and border for every field.

✓ Amount in words in capitals, in another language, or twice for bilingual cheques.

✓ Cents in words or as a fraction, and amounts surrounded by stars.

✓ A MICR line in E-13B for blank cheque paper, in the US (ANSI X9) or Canadian (CPA-005) layout.

✓ One or two payment stubs listing the bills paid, with VOID on the pages that follow.

✓ Formats installed for the US, Canada, the UK and Ireland, the Gulf, Australia, New Zealand, India.

A cheque format: every field placed in millimetres from the top left corner.

The cheque formats installed with the module.

A printed cheque with its payment stub.

CurrenciesNew in 20.0

Rates that update themselves, balances restated at the closing rate

✓ Frankfurter, the European Central Bank, Open Exchange Rates or ExchangeRate-API, with a backup source.

✓ Daily, weekly or monthly updates per company, with the currencies of your choice.

✓ A maximum change in percent, so an abnormal rate is reported instead of saved.

✓ A Test Connection and an Update Now button, and the result of the last update in the settings.

✓ Currency revaluation of the open invoices, bills and foreign currency accounts at a chosen date.

✓ One adjustment entry on the unrealized gain and loss accounts, reversed at the start of the next period.

Automatic currency rates and currency revaluation in the accounting settings.

The revaluation: what is open, what is in the books, and the adjustment.

Closing

Fiscal years, period closing and lock dates

Close a month with a checklist, close a year with an entry, and lock what must not move any more.

✓ Fiscal years per company, shorter or longer than a year when the option is enabled.

✓ A year-end closing that posts the unallocated earnings to the retained earnings account.

✓ Reopen a closed year: the closing entry is reversed and the year goes back to open.

✓ A period closing checklist: draft entries, transactions to reconcile, payments not matched, negative bank balances and duplicate bills, refreshed on demand.

✓ Manual tasks copied from the closing tasks, marked done one by one.

✓ Choose what a closing locks: nothing, the sales and purchases, the taxes, or everything.

✓ The tax, sales, purchase, global and permanent lock dates set from a single wizard.

The closing of a period: the automatic checks and the tasks of the team.

The fiscal years of the company.

The lock dates, in one wizard.

Recurring payments

Rents, leases and subscriptions paid by themselves

✓ Templates with the journal, the interval and whether the payments are posted or left in draft.

✓ A schedule generated in one click between the start and the end date.

✓ A daily scheduled action that creates the payments of the lines that have reached their date.

✓ Create the payment of a line by hand, skip a line, or stop the recurring payment altogether.

✓ A line whose payment is deleted becomes due again, and a failure is logged without stopping the rest.

A recurring payment and the payments it generated.

The recurring templates.

DashboardsNew in 20.0

Eight accounting dashboards in the Dashboards app

Spreadsheet dashboards over the period of your choice, compared with the same period last year or with the previous one, adding up the companies of the switcher.

✓ Accounting Overview: revenue, gross profit, expenses, net profit, bank, receivables and payables.

✓ Profit and Loss and Balance Sheet, with the margins and the main ratios.

✓ Receivables and Payables by age, with the DSO, the DPO and the largest overdue balances.

✓ Bank and Cash: the balances, the cash in and out by month and what is left to reconcile.

✓ Assets, Budgets, and Follow-ups and Cash Forecast dashboards.

✓ The OM.ACCOUNT.BALANCE formula for your own spreadsheets.

The Accounting Overview.

Profit and Loss, Balance Sheet, Receivables and Payables, Bank and Cash.

Assets, budgets and follow-up dashboards

Assets, Budgets, and Follow-ups and Cash Forecast.

Journal items

The entries, for every accounting user

The Journal Items menu is moved to the top of its section and opened to every accounting user, with a Reconcile action for the accountants. The In Payment status is kept on the invoices, so a registered payment does not mark an invoice paid before the payment is reconciled.

Journal Items.

Anglo-Saxon Accounting, the customer credit limit and the fiscal year options are added to the accounting settings. The payment account of each payment method is shown on the journal form.

Need financial reports on screen, with filters and Excel?

The enhanced accounting reports open the same statements in the web client, with drill down, comparisons and an export to PDF and Excel.

Enhanced accounting reports →

User guide

A 47-page guide, written for the person keeping the books

Not a feature list — a manual. It goes from an empty database to a closed period: the order to set things up in, the chart of accounts and the journals, the opening balances, the daily invoices, bills and payments, the bank statement and its reconciliation, the assets, the budgets, the follow-ups, the cash forecast, the post-dated cheques, the currencies, the closing routine and every report — with the screens shown at each step.

Parts 1–5 Set up and record

Rights, a settings checklist from the fiscal localisation to cheque layouts, chart of accounts, journals, fiscal years, opening balances, invoices, bills, journal entries, payments, recurring payments and cheque printing.

Parts 6–11 Run the business

Statement import and file maps, bank reconciliation, Match Journal Items, assets, budgets, follow-ups and statements, cash forecast and the currencies.

Parts 12–15 Close and check

Lock dates, period and year-end closing, every report and dashboard — the annual report and the bank reconciliation statement among them — the daily, monthly and yearly routines, and what to look at when something seems wrong.

⬇ Download the User Guide (PDF)

It also ships inside the module, at static/description/user_guide.pdf

How to install it

The module is a folder that Odoo has to find. Put it in the addons_path of your Odoo, restart the service and install it from the Apps screen. Where the addons path lives depends on how your Odoo was installed.

On premise, installed from the .deb or .rpm package

Keep your own modules apart from the ones of Odoo, for example in /opt/odoo/custom-addons, and copy this module there.
Open /etc/odoo/odoo.conf and add that directory to addons_path, separated from the others by a comma:
addons_path = /usr/lib/python3/dist-packages/odoo/addons,/opt/odoo/custom-addons
Give the odoo user the right to read it: sudo chown -R odoo: /opt/odoo/custom-addons
Restart the service: sudo service odoo restart

On a server or a local machine, running from the sources

Copy the module, or clone the repository, into the directory you keep your modules in.
Name that directory in the addons_path of your configuration file, or on the command line:
./odoo-bin -c odoo.conf --addons-path=addons,/path/to/odooapps
Stop and start odoo-bin again.

Then, in Odoo itself

Turn on the developer mode: Settings → General Settings, at the bottom, Activate the developer mode. Without it the next menu is not shown.
Open Apps and click Update Apps List, so that Odoo reads the new directory.
Clear the Apps filter of the search box, look for Odoo 20 Accounting Community and install it. It installs the modules it is made of and arranges their menus.

Please do not install it with Apps → Import Module.
That screen uploads a zip file and is meant for data modules, the ones that carry no Python. The modules on this page carry Python, so an import leaves them half loaded and ends on an error about a missing field, a view or a record — which reads like a bug in the module and is not one. Almost every installation problem reported to us comes from this screen.

Something still failing? Write to odoomates@gmail.com with the version of Odoo and the error, and we will look at it.

Questions we get

How do I skip the In Payment status and go straight to Paid?
Watch the answer on YouTube.

Do I need Odoo Enterprise?
No. Everything on this page runs on the Community Edition.

How do I use it in my language?
Add your language in Settings > Languages and pick it in your user preferences: the suite follows it. The translations are new, so if a term reads wrong for an accountant of your country, tell us and we will fix it.

Can I install only a part of it?
Yes. Each feature is a module of its own and can be installed alone; this app installs them together and arranges their menus.

Want to be part of this project?

Contribute and let us build a better product for the community, or help us review the translation in your language. Click to know how.

Walnut
SOFTWARE SOLUTIONS

Keeping it simple

Email: odoomates@gmail.com

Looking for Odoo implementation support in the Middle East? Connect with www.walnutit.com

Availability	Odoo Online Odoo.sh On Premise
Odoo Apps Dependencies	• Invoicing (account) • Discuss (mail)
Community Apps Dependencies	Show • Cash Book, Day Book, Bank Book Financial Reports • Customer Follow Up Management • Odoo 20 Accounting Dashboards • Odoo 20 Accounting Financial Reports • Odoo 20 Assets Dashboard • Odoo 20 Assets Management • Odoo 20 Automatic Currency Rates • Odoo 20 Bank Statement Import • Odoo 20 Budget Management • Odoo 20 Budgets Dashboard • Odoo 20 Cash Forecast • Odoo 20 Cheque Printing • Odoo 20 Currency Revaluation • Odoo 20 Fiscal Year & Lock Date • Odoo 20 Follow-ups and Cash Forecast Dashboard • Odoo 20 Reconciliation • Odoo 20 Recurring Payment
Lines of code	23438
Technical Name	`om_account_accountant`
License	LGPL-3

Odoo 20 Accounting

This Module will adds following accounting features to Odoo 20 community edition: Financial Reports, Asset Management, Budget Management, Bank Reconciliation, Daily Reports, Customer Follow Ups and Recurring Payments

Common FAQ

1. How to skip in payment status and directly move to paid status ? a) https://www.youtube.com/watch?v=eWxfy86Byog

Installation

To install this module, you need to:

Download the module and add it to your Odoo addons folder. Afterward, log on to your Odoo server and go to the Apps menu. Trigger the debug mode and update the list by clicking on the "Update Apps List" link. Now install the module by clicking on the install button.

Upgrade

To upgrade this module, you need to:

Download the module and add it to your Odoo addons folder. Restart the server and log on to your Odoo server. Select the Apps menu and upgrade the module by clicking on the upgrade button.

Configuration

There is Nothing to Configure

Credits

Contributors

Odoo Mates <odoomates@gmail.com>

Author & Maintainer

This module is maintained by the Odoo Mates

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If you want to start a discussion with the author, please use the developer contact information. They can usually be found in the description.