INVENTORY - Odoo 17 Enterprise Book

Product Categories

You can categorize your products by utilizing the Product Categories functionality found in the Odoo17 Inventory module. Product categories must be defined in Odoo17 in order to carry out various product operations. Odoo's ability to filter by product categories will make it simpler to find the products under different categories. The Configuration menu of the Inventory module, as seen in the menu bar below, will give the user access to the Product Categories window.

Odoo 16 inventory

From this window, you may access the pre-configured categories, including All, Consumable, Deliveries, Rental, Saleable, Internal, External, and many more. Let's use the New button to add a new product category.

Odoo 16 inventory

As seen in the screenshot below, Odoo17 will send you to a new window where you may configure a new product category.

Odoo 16 inventory

Along with the information about its Parent Category and Avatax Category, the name of the new category can be entered in the area provided. You can refer to the TaxCloud Category for this product category in the TaxCloud tab. It alludes to the taxability information codes that TaxCloud employs to determine certain tax rates for each category. When the TIC is not set on the product, this value is utilized. If no value is entered, the Invoicing Settings default value is applied. You can specify the routes of operation for this product category under the Logistics tab.

You can specify a removal method for this product category in the Force Removal method field. The products falling under these categories will be taken out of stock using the Force Removal method. The removal strategies are First In- First Out, Last In, First Out, First Expiry- First Out, Closet location and Least packages. And it will be applied regardless of the originating location.

You can choose between Reserve Only Full Packaging and Reserve Partial Packaging for the Reserve Packaging. By using this, the user can decide either the full quantity or the partial quantity in a package reserved.

  • Reserve Only Full Packagings: This will only let you reserve the whole packaging. Only 1000 units will be reserved if a customer requests two pallets of 1000 units each but you only have 1600 on hand.
  • Reserve Partial Packagings: Partial packaging can be reserved. If a customer requests two pallets, each containing 1000 units, and you only have 1600 available, 1600 will be reserved.
Odoo 16 inventory

You can enter the Income Account and Expense Account information in the corresponding fields in the Accounting Properties section. A client invoice will be validated using the income account. expense account, with the exception of Anglo-Saxon accounting, will be used for verifying a vendor bill.

Odoo 16 inventory

You can choose the Costing Method for this product category in the Inventory Valuation section. The costing techniques offered by Odoo 17 include:

  • Standard Cost: Each product's standard cost is used to determine its worth.
  • Average Cost (AVCO): Weighted average cost is used to value the goods.
  • First in First out (FIFO): Products are evaluated under the assumption that they will depart the company first after entering it first.
Odoo 16 inventory

According to your needs, you can choose whether the product category's inventory valuation is done ‘Manual’ or ‘Automated’. The accounting records to value the inventory are not automatically posted when using manual inventory valuation. When a product enters or exits the business, an accounting record is automatically made as part of automated inventory valuation to value the inventory.

Account Stock Properties will appear on the screen as an additional tab once you choose Automated Inventory Value. This tab contains

Stock Valuation Account: This account will be used to store the current worth of the products when automatic inventory valuation is enabled on a product.

Stock Journal: This is the account journal that will automatically publish entries when stock moves are processed when performing automated inventory valuation.

Stock Input Account: Unless a special valuation account is configured on the source site, counterpart journal items for all incoming stock changes will be posted in this account. The default setting for all items in this category is this. Additionally, it can be directly configured for each product.

Stock Output Account: Unless a special valuation account is configured for the destination site, corresponding journal items for all outgoing stock moves will be posted in this account when performing automatic inventory valuation.

The product category window's smart buttons, which are available, will provide information on the Products configured under this category and the Putaway rules, respectively

Let's now examine the Packaging function provided by the Inventory module.



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