--- name: odoo-accounting-setup-f79a6d32e836 description: "Expert guide for configuring Odoo Accounting: chart of accounts, journals, fiscal positions, taxes, payment terms, and bank reconciliation." risk: safe source: "self" --- # Odoo Accounting Setup ## Overview This skill guides functional consultants and business owners through setting up Odoo Accounting correctly from scratch. It covers chart of accounts configuration, journal setup, tax rules, fiscal positions, payment terms, and the bank statement reconciliation workflow. ## When to Use This Skill - Setting up a new Odoo instance for a company for the first time. - Configuring multi-currency or multi-company accounting. - Troubleshooting tax calculation or fiscal position mapping errors. - Creating payment terms for installment billing (e.g., Net 30, 50% upfront). ## How It Works 1. **Activate**: Mention `@odoo-accounting-setup` and describe your accounting scenario. 2. **Configure**: Receive step-by-step Odoo menu navigation with exact field values. 3. **Validate**: Get a checklist to verify your setup is complete and correct. ## Examples ### Example 1: Create a Payment Term (Net 30 with 2% Early Pay Discount) ```text Menu: Accounting → Configuration → Payment Terms → New Name: Net 30 / 2% Early Pay Discount Company: [Your Company] Lines: Line 1: - Due Type: Percent - Value: 100% - Due: 30 days (full balance due in 30 days) Early Payment Discount (Odoo 16+): Discount %: 2 Discount Days: 10 Balance Sheet Accounts: - Gain: 4900 Early Payment Discounts Granted - Loss: 5900 Early Payment Discounts Received ``` > **Note (v16+):** Use the built-in **Early Payment Discount** field instead of the old split-line workaround. Odoo now posts the discount automatically when the customer pays within the discount window and generates correct accounting entries. ### Example 2: Fiscal Position for EU VAT (B2B Intra-Community) ```text Menu: Accounting → Configuration → Fiscal Positions → New Name: EU Intra-Community B2B Auto-detection: ON - Country Group: Europe - VAT Required: YES (customer must have EU VAT number) Tax Mapping: Tax on Sales (21% VAT) → 0% Intra-Community VAT Tax on Purchases → 0% Reverse Charge Account Mapping: (Leave empty unless your localization requires account remapping) ``` ### Example 3: Reconciliation Model for Bank Fees ```text Menu: Accounting → Configuration → Reconciliation Models → New Name: Bank Fee Auto-Match Type: Write-off Matching Order: 1 Conditions: - Label Contains: "BANK FEE" OR "SERVICE CHARGE" - Amount Type: Amount is lower than: $50.00 Action: - Account: 6200 Bank Charges - Tax: None - Analytic: Administrative ``` ## Best Practices - ✅ **Do:** Install your country's **localization module** first (`l10n_us`, `l10n_mx`, etc.) before manually creating accounts — it sets up the correct chart of accounts. - ✅ **Do:** Use **Fiscal Positions** to automate B2B vs B2C tax switching — never change taxes manually on individual invoices. - ✅ **Do:** Lock accounting periods (Accounting → Actions → Lock Dates) after month-end closing to prevent retroactive edits. - ✅ **Do:** Use the **Early Payment Discount** feature (v16+) instead of splitting payment term lines for discount modelling. - ❌ **Don't:** Delete journal entries — always reverse them with a credit note or the built-in reversal function. - ❌ **Don't:** Mix personal and business transactions in the same journal. - ❌ **Don't:** Create manual journal entries to fix bank reconciliation mismatches — use the reconciliation model workflow instead. ## Limitations - Does not cover **multi-currency revaluation** or foreign exchange gain/loss accounting in depth. - **Country-specific e-invoicing** (CFDI, FatturaPA, SAF-T) requires additional localization modules — use `@odoo-l10n-compliance` for those. - Payroll accounting integration (salary journals, deduction accounts) is not covered here — use `@odoo-hr-payroll-setup`. - Odoo Community Edition does not include the full **lock dates** feature; some controls are Enterprise-only. --- Source attribution: ASoudy Original project: https://github.com/ASoudy/AGS/blob/cd1d94757d590093507ef8ac26299eab8bc20478/AGAS/plugins/antigravity-awesome-skills-claude/skills/odoo-accounting-setup/SKILL.md License: MIT License information: https://opensource.org/license/mit Original upstream instructions; downloaded from Mega AI Hub. ## Upstream license notice MIT License Copyright (c) 2026 Antigravity User Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions: The above copyright notice and this permission notice shall 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. # Mega AI Hub resource metadata Creator / publisher: ASoudy Original project: https://github.com/ASoudy/AGS/blob/cd1d94757d590093507ef8ac26299eab8bc20478/AGAS/plugins/antigravity-awesome-skills-claude/skills/odoo-accounting-setup/SKILL.md Attribution basis: Source repository record Fields of work: Finance & Accounting, Sales Roles: Accountant, Business Development, Financial Analyst Specialties: Specialty not specified Tools: Odoo Country applicability: Country not specified Classification basis: Source catalog labels Instruction SHA-256: 2aebf7a24feafa4e7206e31b4a1cea2481650364c15c41fb4a51cfa9cc5080a7