Journal Entries

A journal entry is the atomic unit of accounting. Most are generated automatically, but manual entries are needed for adjustments, depreciation and provisions.

Path: Accounting → Accounting → Journal Entries

1. Open Accounting → Accounting → Journal Entries and click New.
2. Pick the right Journal (usually Miscellaneous) and set the Date.
3. In Journal Items click Add a line, select the account and enter the amount in Debit.
4. Add another line for the counter account and enter the same amount in Credit.
5. Ensure total Debit = total Credit; Odoo refuses to post an unbalanced entry.
6. Add a Label on each line to describe the purpose.
7. Click Post; the status moves from Draft to Posted.
8. To cancel a posted entry use Reverse Entry instead of deleting, to preserve the sequence.