If you have experience of managing with traditional software, you will know the problem of getting useful indicators. If you ask your accountant for a stock valuation or the value added by production, he will give you a figure.
If you ask for the same figure from your stores manager, you will get an entirely different amount. You have no idea who is right!
In Odoo ERPOnline, stock management is completely integrated with the accounts, to give strong coherence between the two systems. The double-entry structure of locations enables a very precise correspondence between stocks and accounts.
Each stock movement also generates a corresponding accounting entry in an accounting journal to ensure that the two systems can stay in permanent synchronization.
To do that, set up a general account for each location that should be valued in your accounts. If a product goes to one location or another and the accounts are different in the two locations, Odoo ERPOnline automatically generates the corresponding accounting entries in the accounts, in the stock journal.
If a stock move will go from a location without an account to a location where an account has been assigned (for example goods receipt from a supplier order), Odoo ERPOnline generates an accounting entry using the properties defined in the product form for the counterpart. You can use different accounts per location or link several locations to the same account, depending on the level of analysis needed.
You use this system for managing consigned stocks:
- a supplier location that is valued in your own accounts or,
- a location in your own company that is not valued in your accounts.
How to Configure Accounting Valuation?
Product form, go to the
Accounting tab and select the
Real Time (automated) option for
To define your accounts, you have two options. Set them on the product category, or on the product.
- From the Accounting Stock Properties section, for the Product Category, set the Stock Input Account, the Stock Output Account and the Stock Valuation Account,
- From the Accounting tab, for the Product, set the Stock Input Account and the Stock Output Account.
You can also overwrite the accounts from the Product or the Product Category by defining
Stock Input Account and
Stock Output Account for a Location.
You can also install the
account_anglo_saxon module to value your stock according to
The figure below shows the various accounts that can be used, with and without the
account_anglo_saxon module installed.
Setting up Stock Valuation Accounts
In Odoo ERPOnline, you can handle the delivery methods when installing the
This module will allow you:
- To select the delivery company
- To define the delivery pricelist according to the price, the weight or the volume.
Now, in each
Delivery Order, two new fields are available to enter the right value to deliver the products to the customer. You can also find a new field in the
Sales Order form that enables you to select a delivery method.
Delivery Cost in the Delivery Orders
Delivery Method in the Sales Orders