How to create Account Books (journal) in Openerp

In our normal accounting cycle we use some of accounting books like sale journal, purchase journal, bank book, expense journal, general journal etc.

Openerp supports 5 different journal types;

Sale: for sale and sale returns journals

Purchase: purchases and purchase return journals

Cash: Cash Book and bank Book

General: General Journal

Situation: Opening Balance journal

In coming few steps of configuration I will show how to create journals of type Sale Journal, Purchase Journal, Opening Balance, Bank Book.

To create new journal access Financial management → Configuration → Financial Accounting → Financial Journals (click new button)

Sale Journal:

Journal Name: Sales Journal

Code: SAJ

Active: Select

Type: Sale

View: Journal View

Entry Sequence: Sale Journal

Sales Journal

Purchase Journal:

Journal Name: Purchase Journal

Code: PUJ

Active: Select

Type: Purchase

View: Journal View

Entry Sequence: Purchase Journal

Purchase Journal

Opening Balance Journal:

Journal Name: Opening Balance Journal

Code: OBJ

Active: Select

Type: Situation

View: Journal View

Entry Sequence: Account Journal

Opening Balance Journal

Bank Book:

Journal Name: Bank Book Acc 1216

Code: BNK

Active: Select

Type: Cash

View: Cash Journal View

Entry Sequence: Account Journal

Default Debit Account: 1-2 Bank Acc 1216 (Bank account from your chart of account)

Default Credit Account: 1-2 Bank Acc 1216 (Bank account from your chart of account)

Bank Book