Odoo Accounting Training in Larkana | ERP Accounting Course

You begin by getting a working Odoo database of your own, then shape it into a company that can post correct entries.

• Activating the Odoo Accounting free trial and creating a database for practice
• Creating the company and understanding the basic accounting settings
• Reviewing the default chart of accounts and adding or editing accounts to match your business
• Understanding account types and why they decide where a balance appears in reports
• Entering opening balances so the books start from a correct position
• Common set-up mistakes that are hard to undo after transactions are posted

Master data is where most ERP errors begin, so this module slows down and does it carefully.

• Creating customer and vendor records with the details that affect invoices and payments
• Entering customer and vendor opening balances against the right control accounts
• Creating products and loading inventory with opening quantities and values
• Configuring sales ledgers and the important settings that decide which accounts a transaction uses
• Checking that opening stock, receivables and payables agree with the ledger before you start posting

The purchase cycle from order to payment, including the situations that textbooks tend to skip.

• Recording product purchase invoices directly as vendor bills
• Creating purchase orders and converting them into vendor bills
• Recording services purchased on credit and on cash
• Processing purchase returns and understanding the credit note that follows
• Making payments against vendor balances and matching them to the right bills
• Reading the vendor ledger and payables reports to confirm what is still owed

The sales cycle from quotation to cash, including the customer behaviour that complicates real receivables.

• Cash sales, credit sales and direct sales invoices
• Sales orders and converting them into customer invoices
• Recording customer advances and applying them to later invoices
• Group payments, where one customer receipt settles several invoices
• Sales returns and credit notes
• Bad debts and how to write off an uncollectible receivable
• Using the customer ledger to answer balance queries

Transactions that do not touch stock but fill an accountant’s month: assets, prepaid items and accruals.

• Recording the purchase of fixed assets and understanding where they sit in the books
• Prepaid expenses and how they are unwound across periods
• Security deposits and how they differ from expenses
• Repair and maintenance, travel and other everyday expense entries
• Accrued expenses at period end
• Loan receipts and settlement entries

Discounts for early payment look simple but are easy to configure incorrectly. This module shows how they behave on both sides of the ledger.

• What an early settlement discount is and when a business offers one
• Configuring the discount policy on payment terms
• Applying the policy to purchase invoices from vendors
• Applying the policy to sales invoices to customers
• Checking the invoice and the ledger to confirm the discount was treated correctly

A second company proves you can handle production, not only trading. You import data and run a complete manufacturing cycle.

• Importing the chart of accounts, customers, vendors and inventory from files
• Creating finished goods and defining a bill of materials
• Purchasing raw material from vendors
• Manufacturing finished goods from raw material
• Following the stock movement and the accounting effect of production
• Selling the finished goods and reviewing the result

The final module is about trust: proving that the numbers are right and that the period can be closed.

• Extracting closing reports from the accounting application
• Reconciling accounts and understanding what an unreconciled item means
• Reading ledgers and following a balance back to the entries behind it
• Understanding cash-flow scenarios across receipts and payments
• Closing the period and what to review before you do