Analysing Odoo 17 Balance sheet report - Odoo Slides
- 1. Analysing Odoo 17 Balance sheet report Enterprise
- 2. Introduction Enterprise The balance sheet is a fundamental financial statement used by companies to assess their financial health and make informed business decisions. It provides a snapshot of a company's financial position at a specific point in time, detailing its assets, liabilities, and equity. This helps stakeholders understand the company's financial stability and capacity to meet short- term and long-term obligations. The Balance sheet report in Odoo 17 serves as a vital component of the accounting module. It is a crucial tool for ensuring the financial well-being of a company and guiding strategic financial decisions.
- 3. Enterprise From the Accounting module, head to the menu Reporting->Balance sheet to get the first and foremost statement report, ie Balance Sheet Report in Odoo 17.
- 4. Enterprise We’ll be getting a report view like this from there.
- 5. Enterprise 1.Export and Sharing Options On the top left, we can see the report can be exported and saved into xlsx or pdf files Clicking on XLSX from the marked area will directly download the report as xlsx file. And clicking on Save will show a wizard like this from which we can choose the format and save the report in our local directory.
- 6. Enterprise 2. Customizable Date Ranges This is a great flexibility offered by Odoo 17 balance sheet where we can analyze this very basic financial report over different periods of time like current date as default on top, End of Last Month, etc. Also we can select our own needed date and generate the report.
- 7. Enterprise 3. Comparative Analysis This third feature enables the users to view balance sheets for multiple periods side by side.This feature helps in identifying trends and changes in the financial position over time.
- 8. Enterprise If I choose the first option ‘Previous Period’ for comparison, the sample report will be coming with a clear cut comparison report as
- 9. Enterprise 4. Journal based Filtration This Journals filter section can be used to sort or filter the balance sheet report based on various journals, including Bank, Cash, Cash Basis Taxes, Cash restaurants, Customer Invoices, Expenses, Point of Sales, Vendor Bills, Inventory Valuations and many more, as shown below.
- 10. Enterprise 5. Analytic Group Data Analytic grouping allows us to sort or filter the report data based on various account groups and plans, as illustrated in the screenshots below. There From the drop down list, we can pick the analytic accounts and the plans and generate the report accordingly.
- 11. Enterprise 6. Filter Options Many other filter options are available by default in the report From the drop down list, select the needed filter we need to apply on the data and generate the report.
- 12. Enterprise 7. Filter for Different For the Company’s currency, different place values calculated amount will be generated for the report based on the selection of currency in millions, thousands, etc according to our choice. This currency symbol and rate changes according to the company’s fiscal location and default currency set.
- 13. Enterprise The arrow marks pointed right side and downward is there just to fold and unfold the report lines coming as child lines.
- 14. Enterprise Clicking on the menu with three dots provided near each journal entry of the reporting page, we can access the general ledger and make annotations using the ‘General Ledger’ and ‘Annotate’ buttons respectively.
- 15. Enterprise Accessing the general ledger will show the detailed dashboard of each and every Journal entry of your accounting system, as illustrated below.
- 16. Enterprise And clicking on ‘Annotate’ from that menu will allow us to add a foot note for the Balance sheet report through a wizard as illustrated below.
- 17. Enterprise This will make the report to show with the footnote like below.
- 18. Enterprise In conclusion, Odoo 17’s Accounting Balance Sheet report emerges as a powerful tool for businesses seeking a comprehensive and insightful financial analysis. With its customizable features, multi- currency support and detailed breakdowns, this report empowers users to make informed decisions and strategize for future success.
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