Accounting

Odoo Accounting is the app UK businesses use to manage their books: setting up a chart of accounts, applying taxes correctly, invoicing customers, recording vendor bills, reconciling bank transactions and producing financial reports.

What this knowledge base covers

Articles here explain how the chart of accounts is structured, how UK VAT and Making Tax Digital submissions work, how customer invoices move from draft to paid, and the key reports (Profit and Loss, Balance Sheet, Aged Receivables and Payables) used to monitor the business.

Who it suits

Business owners, bookkeepers and finance teams who need accurate day-to-day accounting and statutory reporting, whether managing one company or several.

Frequently asked questions

What does Odoo Accounting cover?

Chart of accounts, taxes, customer invoices, vendor bills, bank reconciliation and financial reporting.

Is UK VAT supported?

Yes, the UK localisation includes a VAT100-ready tax structure and Making Tax Digital submissions to HMRC.

Who should use this app?

Any business that needs to record transactions, invoice customers, pay vendors and produce statutory financial reports.

Need help?

Need help setting up Odoo Accounting for your business? Contact support@thoughtlogik.com or see our Odoo implementation services.