Accounting: Accounting Reporting

Process

To get started, navigate to the Accounting app.

US GAAP

Generally Accepted Accounting Principles (GAAP) represent standards of accounting used in the United States by the U.S. Securities and Exchange Commission.

Balance Sheet

A Balance Sheet is a summary of a business's or individual's financial balances. This gives an overview of the entity's overall condition. To access this in Odoo, go to REPORTING > STATEMENT REPORTS​ > BALANCE SHEET.

Profit and Loss

A company can show its revenues and expenses over a specified period with a Profit and Loss statement. To access this in Odoo, go to REPORTING > STATEMENT REPORTS​ > PROFIT AND LOSS.

Cash Flow Statement

The Cash Flow Statement shows the beginning and ending balances of cash and cash equivalents for a period. It also shows the increases during that time broken into different categories: operating activities, investing & extraordinary activities, financing activities, and unclassified activities. To access this in Odoo, go to REPORTING > STATEMENT REPORTS > CASH FLOW STATEMENT.

Audit Reports

Partner Reports pull data based on your customers and vendors.

General Ledger

General Ledger gives a complete record of all of your business transactions and is organized by account. To access this in Odoo, go to Reporting > Audit Reports > General Ledger.

Trial Balance

The Trial Balance report compiles the balance of all ledgers into credit and debut columns for accounts where those totals balance each other out. To access this in Odoo, go to REPORTING > AUDIT REPORT > TRAIL BALANCE.

Journal Report

The Consolidated Journals report allows you to review batches of journals across several sets of books. To access this in Odoo, go to REPORTING > Audit Reports > JOURNAL REPORT.

Check Register

The Check Register totals the transactions recorded by account. To access this in Odoo, go to Reporting > AUDIT REPORTS  > CHECK REGISTER.

Partner Reports

Partner Reports pull data based on your customers and vendors.

Partner Ledger

The Partner Ledger lists out all partners (customers and vendors) with activity on their account in the time period specified.

Among other column options, you'll see entries for Initial Balance, Debit, Credit, and Final Balance. To access this in Odoo, go to Reporting > Partner Reports > Partner LedgeR.

Aged Receivable

The Aged Receivable report shows a company's accounts receivables categorized by the length of time each has been outstanding. This will be grouped by partner. To access this in Odoo, go to REPORTING > PARTNER REPORTS > AGED RECEIVABLE.

Aged Payable

The Aged Payable report shows your accounts payable categorized by the length of time each has been outstanding. This will be grouped by partner. To access this in Odoo, go to REPORTING > PARTNER REPORTS > AGED PAYABLE.

Management

Invoice Analysis

The Invoice Analysis report offers a graph based on invoices billed to partners. To access this report in Odoo, go to Reporting > Management > invoice Analysis.

Unrealized Currency Gains/Losses

Displays all open amounts on your balance sheet that need to be restarted. It is grouped by currency and their respective accounts. To access this, go to Reporting > Management > UNREALIZAD CURRENCY GAINS/LOSSES.

Depreciation Schedule

The Depreciation Schedule report shows the loss in asset value over a range of time. To access this, go to Reporting > Management > depreciation schedule.

1099 Report

The 1099 is a collection of documents the Internal Revenue Sevice refers to as informational returns. To access this, go to REPORTING>MANAGEMENT>1099 REPORT. 

Select the Start and End dates you wish to view, then use ADD A LINE to add journals to the report and click GENERATE. This will download the report to your computer. Once the report has downloaded, click CANCEL to remove the 1099 Report modal.