ERP Module

Accounting

Financial Accounting

Integrated accounting for full financial control.

Odoo Accounting, offered by Simplify-ERP, is the financial management module of the Odoo ERP suite. It handles incoming and outgoing invoices, payment tracking, and double-entry bookkeeping, and generates profit-and-loss statements and balance sheets directly from live transaction data instead of a separate spreadsheet.

Module
Odoo Accounting
Bookkeeping method
Double-entry
Core documents
Invoices, payments
Reports
P&L, balance sheet

Use cases

Finance manager at a mid-size wholesale distributor

Situation
Invoices are tracked in a spreadsheet separate from the sales system, so month-end reconciliation means manually cross-checking two sources.
How we solve it
Moving invoicing into Odoo Accounting ties every invoice to its originating sales order, so payments post against the same record and the P&L reflects current data without a separate export step.

Owner of a small professional services firm

Situation
He needs a current balance sheet before a bank meeting but his bookkeeper only updates figures once a quarter.
How we solve it
With transactions entered directly in Odoo Accounting as they happen, the balance sheet report reflects the books at any point, so he can pull a current view without waiting on a manual update cycle.

FAQ

Frequently asked questions

What does Odoo Accounting actually manage?

It manages incoming and outgoing invoices, tracks payment receipts and disbursements, and applies double-entry bookkeeping to every transaction. Because it sits inside the same Odoo database as sales, purchasing, and inventory, entries post automatically instead of being re-typed from another system.

Can it produce a profit-and-loss statement and balance sheet?

Yes. Financial reports, including profit-and-loss statements and balance sheets, are generated directly from the recorded transactions, so the figures always reflect the current state of the books rather than a periodic export.

Is this the same accounting module used on the solar-PV PowerOn page?

It is the same underlying Odoo Accounting module, but this page describes it for any industry. PowerOn adds solar-PV specific configuration such as DATEV export on top of this generic accounting foundation.

Does accounting connect to other Odoo modules?

Yes. Because Odoo runs on one database, sales orders, purchase orders, and inventory moves feed accounting entries automatically, which is why Simplify-ERP positions it as part of a single integrated system rather than a bolt-on bookkeeping tool.

Invoices

Manage incoming and outgoing invoices.

Payments

Track payment receipts and disbursements.

Accounting

Double-entry bookkeeping integrated.

Financial Reports

P&L, balance sheet and more.

Digitize Accounting

Simplify your financial accounting.