WORK IN PROGRESS

Before you register any sale, procure purchase any products, or do anything finance relevant, we suggest that you setup accounting first. Even if you are not managing your finance and accounting in Odoo, we would still recommend that for basic correctness of transactions for billing/purchasing, you setup accounting with a bare minimum Chart of Account, define Currencies etc. 

This section only tries to cover the bare minimum configuration for getting Odoo setup and functional with Bahmni systems.

Setup

You need to setup accounting to reflect your implementation and appropriate to your country's regulations/schedules. Bahmni  Bahmni demonstration websites has the accounting configured by means of an addon app (India - Schedule VI accounting). 

• Go to the "Menu / Apps", remove the "apps" filter, and search for “Accounting” or “<your country>” (e.g. Accounting, Indian, Kenya, Accounting etc). We have "Indian - Schedule VI Accounting" app installed on demo sites. If you plan to manage accounting in Odoo, you should consult with your implementation, and look for country specific app/module on Odoo website or custom define yourself.  

• Usually, after installing such an app/module, your system will have basic accounts chart setup with types like Payable, Receivable, Income, Expense, Liabilities, Assets, Bank And Cash etc, ready. These would be ready for use in  Customers and Vendors form, and also you can post the accounting entries with invoices.

  • Go to “Menu / Accounting / Configuration / Settings” and check the “Chart of Accounts”. You might have to install from templates, the dropdown should show you options.  

Chart of accounts

As explained above, if you have installed a local accounting module, it will setup sensible default, but you should make sure that the COA reflects your implementation needs. 

Chart of accounts hierarchy

Odoo accounting by default does not provide a hierarchical CoA. If you need a hierarchy of accounts, look for so, in the Odoo website / app store. 

Currencies

Go to Menu -> Settings -> Invoicing -> Currencies

• Set the Main Currency for your company

• Click on the Currencies link to enable the required currencies.
  

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Fiscal Year

For Odoo 16 refer to the accounting module that you are installing and its configurations

For Odoo 10, Go to "Menu / Accounting / Settings"

• Fiscal Year: specify the “Fiscal Year Last Day” applicable (e.g. For India: 31 March). 

Discount

• Goto Accounting > Chart of Accounts > Create
• Enter Account Code e.g. 800100 
• Name - Discounts
• Account Type - Expense
• Account currency - INR (example)

• Enter Account Name e.g. “WHO Cancer FUND” 
• Choose Parent - Discounts
• Note: this requires additional odoo module installation. 
• Example: https://apps.odoo.com/apps/modules/10.0/chart_of_account_hierarchy/
• The above module can be downloaded and installed the same way as “Web PDF” explained here
• Account Type - Expense

• Discount account: For products on which discounts need to be given, you should setup discounting account(s) to reflect so. 
• Now you should create different “Discount” accounts for specificity if you want. So you can create another account like below

Accounts

If you would like to give discounts, you would probably want to configure accounts specific for discounts

Go to "Menu / Accounting / Chart of Accounts /" and click create

• Specify Account Code (e.g. 800100, you may want to check what code prefix or numbers you should assign)  

• Name : Discounts

• Account Type : Expense

• Account currency : [ default currency ] (e.g. INR)

If you have installed an app that supports hierarchy, you may want to configure specific discount accounts, like below

• Account Name : WHO Cancer FUND

• Parent : Discounts

• Account Type - Expense