The main purpose of the Odoo Accounting management module is to handle accounting and financial management.The Configurations elements, the dashboard for the Accounting module, and the financial management tools for a company's customers and vendors were all covered in the previous chapter. You will have unique capabilities that support the overall finance management from a single platform thanks to Odoo's specific finance management tools found under the Accounting tab of the module. The Automatic Transfer, Budgets, Assets, Deferred Revenues, and Deferred Expenses menus, for example, are well-defined functional menus that will support the corresponding processes in relation to the financial management of the company.
Any Odoo user who has received the required authorisation for the accounting management will have access to these menus and the related tools. Additionally, the Odoo Accounting component can be clearly defined thanks to the customizable tools and useful settings in these menus. Let's continue by thoroughly comprehending the numerous Accounting management menus and their components.