With Odoo, all these processes can be managed on a single ERP platform.
What is Odoo Accounting?
Odoo Accounting is an accounting and finance module that is integrated with all business processes in Odoo ERP.
Unlike standalone accounting applications, transactions from operational modules can be directly connected to accounting.
For example:
- Sales
Quotation → Sales Order → Delivery → Invoice → Payment
- Purchase
Purchase Order → Receipt → Vendor Bill → Payment
- Inventory
Receipt → Inventory → Delivery → Inventory Valuation → Accounting
- Manufacturing
BOM → Manufacturing Order → Consumption → Production → Costing → Inventory Valuation
With this integration, companies can reduce repetitive data input processes and obtain more integrated financial information.
Odoo Accounting for Indonesian Companies
Odoo provides Indonesia Fiscal Localization to adjust Odoo to the tax and accounting needs in Indonesia.
Odoo provides Indonesian localization, including Indonesian accounting configuration as well as support for e-Faktur and Coretax. Odoo 19 Indonesia Fiscal Localization
Some areas that can be configured include:
- Chart of Accounts
- Customer Invoice
- Vendor Bill
- Customer Payment
- Vendor Payment
- Bank Reconciliation
- VAT and Tax
- e-Faktur
- Coretax
- Tax Identification Number (NPWP)
- National Identity Number (NIK)
- E-Faktur Product Code
- E-Faktur UoM Code
- Inventory Valuation
- Fixed Asset
- Budget
- Analytic Accounting
- Financial Reporting
Features of Odoo Accounting Indonesia
Accounting & General Ledger
Odoo provides an accounting engine to record transactions and generate journal entries in an integrated manner.
Companies can manage:
- Chart of Accounts
- Journal
- Journal Entry
- General Ledger
- Trial Balance
- Accounts Receivable
- Accounts Payable
- Customer Invoice
- Vendor Bill
- Payment
- Tax
Odoo Accounting and Coretax Indonesia
One important requirement in implementing accounting in Indonesia is the process e-Invoice and Coretax.
Odoo 19 provides the module Indonesia E-invoice (Coretax) to generate XML files that can be used in the Coretax process. Documentation for Odoo Indonesia E-Invoice Coretax
Several configurations that need to be considered include:
NPWP and NIK
Customer data needs to be configured according to the required tax information.
PKP
The PKP status of the customer needs to be considered in the configuration of tax transactions.
Product Code
Products can be configured with the codes required for e-Invoice.
UoM Code
Unit of Measure also needs to be adjusted according to the E-Invoice configuration.
Tax Configuration
Tax and fiscal position must be designed according to the needs of the company's transactions.
Odoo e-Invoice and Coretax
In general, the process can be described as follows:
Customer
↓
Sales Order
↓
Invoice
↓
Tax / VAT
↓
e-Faktur / Coretax
↓
XML
↓
Coretax
Odoo supports the creation of XML e-Faktur files to be used in the Coretax process. The tax invoice number is then obtained from the Coretax system according to the applicable mechanism. Odoo Indonesia Fiscal Localization
See also: Odoo 19 Coretax and E-Faktur
Financial Reporting
Odoo provides various financial reports to help management and Finance obtain information in an integrated manner.
For example:
- Balance Sheet
- Profit & Loss
- General Ledger
- Trial Balance
- Aged Receivable
- Aged Payable
- Cash Flow
- Tax Report
- Journal Report
- Analytic Report
Because accounting is connected with Sales, Purchase, Inventory, and Manufacturing, reports can be generated based on operational transactions that occur within the ERP.
Odoo Accounting for Various Industries
Manufacturing
Odoo Accounting can be integrated with Manufacturing, Inventory, Purchase, and Sales.
Suitable for companies that require:
- Production Costing
- COGS
- WIP
- Inventory Valuation
- BOM
- Manufacturing Accounting
Distributor
For distribution companies, Odoo can integrate:
Purchase → Warehouse → Inventory → Sales → Invoice → Payment
So that Finance and Warehouse use the same data.
Retail
For retail, accounting can connect with:
- Point of Sale
- Inventory
- Purchase
- Sales
- Payment
Service Company
For service companies, Odoo can integrate:
CRM → Sales → Project → Timesheet → Invoice → Accounting
Technology Company
For technology companies using subscriptions, the process can be made into:
Subscription → Invoice → Payment → Accounting
Benefits of Using Odoo Accounting
Integrated
Accounting is connected to the company's operational processes.
Real-Time
Management can obtain transaction and financial information from the same system.
Indonesia Localization
Odoo provides Indonesia localization including e-Faktur and Coretax requirements. Odoo Indonesia Localization
Scalable
Odoo can be used for companies of various sizes and can be developed alongside other modules.
Flexible
Odoo can be configured and developed to suit the business process needs of the company.
Why Choose Integra for Odoo Accounting Implementation?
Implementing Odoo Accounting is not just about configuring the accounting module.
Companies need to ensure that:
- Business processes have been analyzed
- COA has been designed
- Tax has been configured
- Inventory Accounting is correct
- Opening Balance has been validated
- Integration has been tested
- Reporting meets management needs
- User understands the new process
- UAT is conducted before Go Live
Integra helps Indonesian companies implement Odoo ERP according to their business processes, industry, and integration needs.