Fiscal Year Closing

- Odoo

Odoo having Fiscal Year Closing period based on lock date. User can’t able to create entry based on cut-off date but user can able to see all the transactions. On basis on tally, we have done Fiscal Year Closing, it will delete all the entries as per cut-off date and create closing balance entries for stock and accounts. In this process it will delete Sales Orders, Purchase Orders, Picking entries, Invoices, Payments and Journal Entries.

Navigation

Settings -> Fiscal Year Closing -> Fiscal Year Closing

TenthPlanet_Blog_Odoo_Fiscal-Year-Closing-1

Closing period has an option to check Draft Entries as well as Unreconciled BRS Entries.
If Check Draft Entries and confirm it, if any draft entries is there based on cut-off date it will give validation message like ‘Draft/Unposted entries is there’

If you don’t want any verification for Draft entries then uncheck the check box and click on continue

TenthPlanet_Blog_Odoo_Fiscal-Year-Closing-2

If no draft entries are available or No need to verify any draft entries then it will show the following screen, after click the CONTINUE button the process will start. Once the process is started then we can’t able to stop it (Except server restart).

TenthPlanet_Blog_Odoo_Fiscal-Year-Closing-3

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>