1. How to Manage
Journals in Odoo 15
Enterprise
www.cybrosys.com

2. INTRODUCTION
❖ An accounting journal is a record of transaction exchanges requested by date, these
transactions are recorded in the name of journal entries.
❖ Each journal entry shows account names and their credits and debit values.
❖ In Odoo we can create different types of journals. Sales, Purchase, cash, Bank, and
miscellaneous are the basic five types of journals in Odoo.
❖ Exchange Rate Difference Journal: It records the differences in payment registration and the
expected amount. If we receive payment against an invoice after a month of invoice creation,
the exchange rate most probably will be changed.
❖ This Rate Difference Journal is used to create journal entries of loss or profit caused by the
difference in the currency exchange rate.

3. ❖ Goto Accounting > Journal Entries

4. ❖ Goto Configuration > Journals

5. ❖ Open one Journal
❖ Each journal types have different rules like
1. Sales Journal
- sales journal used to post sent customer invoices.

6. ❖ See Advanced Settings Tab for Sales

7. 2. Purchase Journal
- purchase journal used to post received vendor bills.

8. ❖ See Advanced Settings Tab for Purchase

9. 3. Cash Journal
- cash type journal used to track daily cash transactions as well as the received customer
payments.

10. ❖ See Incoming Payments Tab for Cash

11. ❖ See Outgoing Payments Tab for Cash

12. ❖ See Advanced Settings Tab for Cash

13. 4. Bank Journal
- bank for posting your bank statements, track customer or vendor payments and all other
transactions recorded by your associated bank account.

14. ❖ See Incoming Payments Tab for Bank

15. ❖ See Outgoing Payments Tab for Bank

16. ❖ See Advanced Settings Tab for Bank

17. 5. Miscellaneous Journal
- miscellaneous journal type used for anything that doesn’t fit into the above types.

18. ❖ See Advanced Settings Tab for Miscellaneous

19. ❖ Goto Customers > Invoices > Create
❖ Choose Journal and Click on Confirm

20. ❖ See history
❖ Click on Mark Done

21. ❖ Write Feedback and Click on Done

22. ❖ See Journal Items

23. ❖ See inventory valuation of product category

24. ❖ So accounting entry will be generated automatically.
❖ Goto Accounting > Sales

25. ❖ Create journal entries manually
❖ Goto Accounting > Journal Entries > Create
❖ Click on Post

26. ❖ Goto Customers > Invoices > Open created invoice
❖ Click on Register Payment

27. ❖ Click on Create Payment
❖ Goto Accounting > Bank and Cash

28. ❖ Goto Dashboard
❖ Click on Create Statements

29. ❖ Ending balance is changed to computed balance.
❖ Click on Post

30. ❖ Click on Reconcile

31. ❖ Click on Validate

32. ❖ Goto Accounting > Bank and Cash

33. For More
Details
Check our company website for related blogs and Odoo
book.
Odoo Book V15
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videos in Odoo.
How to Manage Journals in Odoo 15

35. Thank You