Accounting · Odoo glossary

Financial Statements

Structured reports describing an entity's financial position, performance and cash flows over a period or at a reporting date.

Definition

In general ERP practice

Structured reports describing an entity's financial position, performance and cash flows over a period or at a reporting date.

In Odoo

In an Odoo implementation, A balance sheet, income statement and cash flow statement answer different questions. Their preparation depends on the applicable reporting framework and complete underlying records.