Accounting · Odoo glossary

Fiscal Year

The reporting period used for annual financial statements, normally 12 months, which may differ from the calendar year.

Definition

In general ERP practice

The reporting period used for annual financial statements, normally 12 months, which may differ from the calendar year.

In Odoo

In an Odoo implementation, Configure reporting dates and closing procedures consistently. Tax filing requirements depend on the jurisdiction and should be checked separately.