Analytic accounting is used by the companies for the purpose of analysing the costs of the business, analysing the performance of a project and to re-invoice time to a customer. They can be used to analyse that the funds of the company are spent properly and retained. Odoo’s analytic accounts and tags does not interfere with the other aspects or chart of accounts.
The aspects of analytical accounting can be enabled from the Settings option of Accounting’s Configuration tab. By enabling the Analytic Accounting option you can track the costs and revenues by project, department etc. The Analytic Tags allows you to tag the analytic entries and also at the same time helps to manage the analytic distributions.