Manufacturing and Inventory Accounting and Inventory Allocation Explained in Odoo 16
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- เผยแพร่เมื่อ 19 ก.ย. 2024
- The video explains the manufacturing and inventory accounting processes in Odoo 16. It covers the tracking of product movement and allocation to specific manufacturing orders, as well as the stock valuation layer, which tracks all costs associated with the production and purchase of products. The video demonstrates creating product categories, setting up inventory valuation, and work-in-progress accounts. It further explains the manufacturing process, including creating work centers, bills of material, and operations, and how the final cost is calculated. Overall, the video provides a detailed overview of the inventory and manufacturing accounting processes in Odoo 16.
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The best explanation I've seen about it! Amazing jog. Thx
A thumbs up was not enough :) Great thanks!
Thanks very much for this explanation!
What amazing demonstration. A question mark is erased from my mind.
that was brilliant.... too too too well explained. none of tutorials match your this one. with my folded hands gratitude🙏 to you
A CRYSTAL CLEAR DEMO 💯
Thank you so much
Nice demonstration, but I would like to mention one thing, that Stock Valuation or inventory valuation is taking into account all the mix of goods i.e., Raw Materials, Finished goods. I suggest that we should have separate Inventory Valuation for each of our product categories, like for Raw Materials when we buy and move to our warehouse, and the finished goods once manufactured and shifted to its own warehouse. This way the whole scenario will be crystal clear.
Thanks Kevin for another great video!
It would be amazing if you could do a similar video for subcontracting in Odoo v16.
A break down on the subcontracting including configuring stock input/output accounts for work in progress would be awesome.
Thanks!
I will work on one!
Great tutorial Kevin. Thank you!
Zaki, i'm grateful An great introduction to Odoo's manufacturing module can be found in this video. Each subject was thoroughly covered with examples. Continue teaching such a lessons to demonstrate your hard effort. 😍
Thanks Kevin, this is the kind of info I was looking for as someone just trying to get started. I was having some trouble seeing how to capture some of the extra cost of manufacturing my products. It looks like Work Center is the solution.
I'd like to request a way to tie equipment to a work center like you do employees. I know how much time a machine(s) use to manufacture my products. Manufacturing Product A uses 1 hour 20 minutes of Machine A and 33 minutes of Machine B. I'd like the machine's time tracked by a work center and tied to the maintenance schedules. Have it generate a maintenance request automatically.
I've learned so much from your videos. Thanks again.
You can do most of that OOTB. The cost should come from the work center. I will make a video at some point on how to maintain manufacturing equipment.
this is very well straight forward explained and very helpful. Excellent Video. Well done. Thank you
👍
Thank you Kevin for this awesome video! and looking forward a video for subcontracting in Odoo v16.
Great Video. Thanks!
Great demonstration thank you Kevin
Thanks for this!
Great vedio
Very informative video!! very useful indeed. Have a question, For manufacturing process that extends for longer periods the MO would start not finish. In this case, can the BOM products move to the WIP and stay there until the MO is completed? Would the WIP reflect value in the BS for MO that has started yet not closed?
Great video and explanation Kevin! Just one question, I frequently see that the real time used to produce is not totally real since some operator missed to start or end the work order correctly, this might lead to an over or undercosted manufactured product. This creates 2 problems: 1 manufactured product AVCO cost gets distortioned and 2 overhead and salaries might not match the leftover amount in the WIP account. Can you please explain how to correct this situation? Readjust product cost manually and then the WIP should compensate against overhead, salaries and cost? Thanks!
Thanks for watching. That is indeed a good use case to cover. I will try to make a video on that soon.
Great job
Great video!
Help! I tried to get done MRP orders, but did not have accounting journal entries
- product categories is filled, automatic + FIFO
- Production location contains accounts
But there are no entries in accounting, why? Can you please help with this
How do you clear the remaining balance for the employee cost? Is this a required manual process or could it be automated as well?
You can use "Automatic Transfers" to move some percentage of value to a different account each month. However, it is probably done manually or through custom code that triggers based on specific criteria.
Topic request. we use Quickbooks Enterprise and recently Fishbowl inventory app that works with fishbowl for manufacturing. I'd think quickbooks would be a huge potential base to upgrade to Odoo. Are there any comparisons or conversion videos from quickbooks to odoo?
I would suggest using Odoo for all of your needs :)
In terms of moving from QB to Odoo Accounting, you can view this video: th-cam.com/video/Rdjh3j9c1DY/w-d-xo.html
What software do you use to write process flow documents like in the video
excalidraw.com it has been my go to!
Hi Kevin, your video not clear , can you sent me another file please
Is there something specific you find unclear?
@@KZAKI i have many thing need to understand on this product app, then can help to teach or show me more ? if better you have any contact by message ?
@@KZAKI Yes not clear, but by the way I am not clear how to set up account for Product in Manufuturing that link to inventory or Account.
can you help to guide me ?