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Accounting and tax for consultants · 14 min · Odoo 19–20Reconciliation, closing and financial reports
Bank reconciliation, receivable and payable matching, period close steps, lock dates and the reports a finance team lives in.
In this lesson
- Bank and partner reconciliation
- The month-end close checklist
- Reports and drilling down
Key points
- Bank reconciliation matches statement lines to payments/entries
- Reconciliation models automate recurring matches
- Close: reconcile, accrue, depreciate, revalue, review, lock
- Every report drills down to journal items
Real-world example
A Lagos retailer's bank balance in Odoo was ₦3.2 million higher than the bank. The consultant opened unreconciled statement lines and found POS card payments posted twice, once by the POS session and once by a manual entry. A reconciliation model for the card provider plus training on POS closing ended it.
Questions and answers
What does an aged receivable report show?
Customer balances split by how overdue they are.
Name one thing Odoo 20 changed in bank reconciliation.
Bank journal entries must come from bank transactions; a reconciliation summary report; splitting one transaction across accounts.