Accounting · Odoo glossary
Journal Entry
A journal entry records a financial transaction through debit and credit lines that balance.
Definition
In general ERP practice
A journal entry records a financial transaction through debit and credit lines that balance. Each line identifies an account, amount and date, with additional dimensions where needed.
In Odoo
Odoo invoices, bills and relevant payment workflows generate journal entries; accountants can also create miscellaneous entries. Journals organize entries by transaction type, while the chart of accounts classifies their financial effect.
Official Odoo documentation
The Odoo-specific explanation above is based on the documentation for Odoo 19. Features and workflows can differ in other versions.
Related glossary terms
Continue reading