Odoo Accounting Module for Community Edition
Updated: Sep 12
Ever since Odoo has removed the Accounting module in Odoo CE 11, there is hardly a place to find the information on how to have at least a working and acceptable Accounting module.
The following are the Free version of Accounting Modules available for Odoo CE V12. With these modules, you may have a working Accounting module from invoicing, payment to bank reconciliation, and financial reports.
Having said that, it is very far away from a world class Accounting system, if you do not purchase other paid Accounting module.
account_standard_report - reports for GL, Partner Ledger, Balance Sheet, P&L, etc.
accounting_pdf_reports - pdf reports for GL, Partner Ledgers, Balance Sheet, P&L, etc.
account_fiscal_year - configure for accounting fiscal year
om_account_accountant - enable standard accounting module
om_account_asset - asset management for depreciation.
om_account_budget - budget management
account_lock_to_date - lock the accounting period for financial closing.
account_payment_netting - contra payment for both customer & vendors
account_debitnote - enable debit note for the invoice and vendor bill.
account_financial_report - advanced accounting reports.
account_banking_reconciliation - bank account reconciliation with the bank statement.
I hope this will help anyone who is new to the Odoo Accounting Module for Community Edition.
See this blog on how to configure Profit & Loss and Balance Sheet Reports in the Odoo CE.
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