Analytical Account and Tags in Odoo 13

In odoo Accounting or account, an analytical account analyzes a single account or filters it with out publishing a journal entry. In odoo, it could actually use an analytical database slightly than a price middle in Tally. We could use it to extract particular price details of a product or service, assess an organization’s bills, each in budget and belongings.

For occasion, whenever you wish to observe one product’s value specifics from the worth of your general objects, we’ll arrange a separate analytical account for this particular product. The analytic account doesn’t produce a journal entry whereas invoicing so we’ll see the precise transaction cost, that’s the major account will not be influenced by the analytic account of our analytic account there.

In the matter of analytic tag, Analytic Distribution primarily seemed to split the expense/revenue amongst multiple Odoo analytical accounts. For instance, if we have been to separate the worth of a very good, stagewise cut up the quantity or cost by its equal quantity to many departments (break by %), outline the departments as analytical accounts and create an analytical tag. Percentages for splitting or separating the overall to that account shall be described in that tag. Indicate the tag properly into the order of the transaction, and we may even see the end result in the analytical account as we make the cost. The sum is inserted in keeping with the proportion given.

In the occasion of the analytical account used in the course of the finances, if we select to place an estimated expense on a very good over a month or over a protracted period of time, the sum is computed as much as 30 days which indicates how a lot we could spend right now and what we have now used.

When we specify an analytical account for an asset we will separately see the depreciation that happens for that asset.

Here we will configure the analytical account.

First of all, go to odoo Accounting -> Configuration -> setting -> Analytics -> tick analytic tag and analytical accounting.

Now we will go and create an analytical account and tag. For that go to odoo Accounting -> Configuration -> Analytical accounting -> Analytic accounts.

This is the shape to create Analytical accounts.

We shall give a reputation for this analytical account.

Give a reference for a simple filter.

Set a buyer for straightforward grouping of the accounts.

We can set it additionally as an analytical group. We can choose an already created group or we will create a new analytical group,  Accounting -> Configuration -> Analytic account -> Analytical account teams.

After having stuffed it we will reserve it.

Now we will create a vendor invoice.

Accounting -> Vendor -> Bills

When we create a vendor invoice and add a product there we will discover the choice for ‘Analytic Account’. Add the analytic account we have now simply created.

Now click on on Post to validate the invoice.

We have added the analytic account, we will see using it.

Go to Accounting ->  Accounting -> Analytic Items.

There we will see the analytical account we have now created for the seller invoice.

This is the analytical account we have now simply created.

We may ‘Group By’ the analytical account.

That’s why we’re generating and setting an analytical account for no matter kind of entries corresponding to this. We could evaluation the reviews as bills, earlier than including journal entries.

When we go to the Analytical report we will see it.

Accounting -> Reporting -> Analytical report.

Analytic Tag

Analytic Distribution is usually like to separate the expense/income between a number of Odoo analytic accounts.

Here we will create Three new analytical accounts.

1. First

2. Second

3. Third

Here we have now created three new analytical accounts.

Now we will create analytical tags.

Accounting -> Configuration -> Analytical accounting -> Analytical Tags.

So we have now named the Tag as “Testing Tag”.

Ticked the Analytic distribution.

Click on add a line so as to add the analytic accounts and point out its distribution percentage.

Save it.

Now we will create an bill for this buyer.

Fill all the mandatory fields and point out the ‘Analytic Tag’ there.

So we have now talked about the Analytic tag right here. Now we will put up it.

Now we will see that the quantity we invoiced is distributed as per the distribution share we have now created.

So that is all in regards to the ‘Analytical Account and Tags in Odoo 13’.