Configuring Accounts from A to Z

Accounts must be configured to meet your company’s needs. This chapter explains how to modify your chart of accounts, journals, access rights, initial account balances, and default values for the initial configuration of your Open ERP accounts.

Assuming that it calculates sufficiently accurately, the best accounting software would be marked out by its usability and simplicity of data entry, and flexibility in configuring its different components. You’d be able to easily modify the accounting module to meet your own needs so that you could optimize it for the way you want to use it.

Open ERP lets you adapt and reconfigure many functions to ease the task of data entry:

• adding controls for data entry,
• customizing the screens,
• filling fields automatically during data entry with data that’s already known to the system.

For this chapter you should start with a fresh database that includes demo data, with sale and its dependencies installed and no particular chart of accounts configured.

• Chart of Accounts
  • Creating a chart of accounts
  • Using virtual charts of accounts
• Journals
  • Configuring a Journal
  • Controls and aids for data entry
• Periods and fiscal years
  • Defining a period or a fiscal year
  • Closing the end of the year
• Payment Terms
• Entries at the start of a year