Odoo will allow you to send sales invoices, quotes, and purchase orders or receive bills and payments in currencies other than the default/domestic currency.

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
Check our YouTube channel for functional and technical
videos in Odoo.
How to Manage Journals in Odoo 15

35. Thank You