Odoo Stock Accounting and Inventory Valuation

The article explains, how to work with real-time Stock valuation in Odoo/OpenERP. Connecting the stock module with accounts module enables users to generate accounting entries per stock moves. The Inventory Valuation connected with accounts helps to determine the price of the products more logically.

1. Warehouse Settings - 
1. Generate Accounting Entries Per Stock Move
2. Calculate Landed Cost on products(Optional)
2. Purchase Settings -Use "Real Price" or "Average" Costing Method
3. Create Stock Accounts

1. Stock Valuation Account (Internal Type : Regular, Account Type : Asset) under Current Assets
2. Stock Control Accounts (Internal Type : View, Account Type : Asset View) under Current Assets
3. Stock Input Account (Internal Type : Regular, Account Type : Asset) under Stock Control Accounts
4. Stock Output Account(Internal Type : Regular, Account Type : Asset) under Stock Control Accounts
5. Expense Account for landed cost (Optional)
   
   ​
4. Define a new journal - Stock Journal
5. Configure  Stock Valuation Account, Stock Input Account, Stock output Account and Stock Journal in Product Category Master
6. Configure Product Type as "Stockable" and Costing Method as "Real Price" in Product Master
7. Configure
   

   Inventory Valuation

   Inventory Valuation Real Time (automated)

8. Create PO, Receive Product
9. Check Stock Journal Entries
10. Check Current Inventory Valuation

Please refer the video for more details..

How to create an "Opening Balance" for a new financial year in Odoo

This article on Odoo / OpenERP accounting, describes how to close a financial year and bring account balances into the new financial year as opening balance entries.

Step 1 : Create new financial year

Cloud Services

In this post, we have tried to cover some important types of cloud services in general. Due to the vastness of cloud technology services implementations and the rapid phase in which innovation is happening, it is impossible to provide an exhaustive list of available cloud services in a single blog. We will be covering each topics in detail separately in our blog series. 

Odoo Visitor Management app

  Odoo visitor management is a simple solution developed by BroadTech IT solutions to keep track of visitors inside an organization. The solution focuses on avoiding complexities and thus comes up with just two menus. "Visitors" and "Visitor Logs". Visitor log can also be termed as visitor register


Module name :  bt_visitor_log
 
The flow starts with Visitor menu. When a visitor shows up, the receptionist or security person checks the visitor list to see if the person is already there in the visitor master list.

The search can be done using name of the person, mobile number, email, or ID card numbers. If found, the visit can be logged using the "schedule visit" option in the visitor record. If the person is visiting for the first time, the receptionist or security person can create a new master record with necessary information of the visitor.

 

Along with common details like purpose of visit, person to meet, entry time etc.. the visitor log marks expected exit time also.

 
Once the entry information is processed, the visitor will be provided with Badge which contains the visitors identification details, person to meet and expected exit time.

The visitor log can be used for analysis purpose likes

1) Tracking the number of visitors inside the premises
2) Tracking the visitors who hasn't returned after expected exit time
3) Number of visits made by a particular person during selected period
4) Staff/Employee who entertains more visitors




The following video provides a quick overview of the module functionality.

FedEx Integration in Odoo 9

FedEx is well known for its overnight shipping services and especially for inventing a system that could track packages and provide real-time updates on package location. In Odoo, we can create delivery orders based on each order to the customers, but the shipment order creation and the shipping has to be done manually through some of the shipping service providers like FedEx, UPS etc.

Odoo - How to prevent adding partner(customer) as followers of a document automatically

OpenERP's "Send a message" feature allows the user to include Partner(Customer) as a recipient of messages in records like Invoice, Sale Order, Projects etc. This is a very useful feature considering the fact that history of communications and follow ups can be  found along with the record it self.

But at the same time, many people have identified and reported associated inconveniences due to the same feature, because the customers are automatically added as followers of the document after including them in a message. Due to this the partner/customer will receive many further communications related to the document, which is not relevant to the customer.

Exoscale - Keep your Data Private from "US Patriot Act" & Get all of the services you can get from a modern Cloud Vendor

BroadTech's featured cloud vendor for the day is

Exoscale is one of the most RELEVANT cloud vendors in recent times. As experts start calling for locating cloud services & Data centres outside US to escape unlawful surveillance on your Data, Exoscale's initiatives to build their data centre in Switzerland is a very welcome decision. If you really want to know the implications of this strategic choice of this change Data Centre location policy please listen to this Ted Talk below and be please be informed before it is too late!