Manage Accounts with Odoo Accounting Module
Because the module is automated, double-entry bookkeeping can be completed quickly. During each transaction, entries are made automatically into the journals based on data obtained from other modules. As new actions occur, the entries are immediately updated. The module allows you to track and manage the company's revenues and expenses. The Odoo Accounting module manages the accounts and operations connected to vendors and customers in a methodical manner.
Odoo Accounting Module
Odoo Accounting Module Manage Accounts
Let's take a look at each one separately.
The ledgers contain accounts for inventories, accounts receivable, accounts payable, investments, deposits, and many other things. In a nutshell, it is the record that is utilized to keep track of the bookkeeping entries for the balance sheet and income statement. Both General Ledger and the Partner Ledger can be viewed in the Odoo 15 Accounting module.