What is an account type and how do I configure it?

What is an account type ?

An account type is a name or code given to an account that indicates the account's purpose.

In Odoo, Account Types are used for information purpose, to generate country-specific legal reports, set the rules to close a fiscal year and generate opening entries.

Basically Account types categorize general account with some specific category according to its behaviour or purpose.

Which are the account types in Odoo ?

Odoo covers all accounting types. Therefore, you cannot create new account types. Just pick the one related to your account.

List of account types
Банк ба Касс
Current Assets
Non-current Assets
Fixed Assets
Current Liabilities
Non-current Liabilities
Current Year Earnings
Other Income
Direct Costs

How do I configure my accounts?

Account types are automatically created when installing a chart of account. By default, Odoo provides a lot of chart of accounts, just install the one related to your country.

It will install generic accounts. But if it does not cover all your cases, you can create your own accounts too.

To create a new accounts, go to the Accounting application. Open the menu Adviser ‣ Chart of Accounts, the click on the Create button.

Дансны Төрөл нь мэдээллийн зориулалттай ашиглагдана: тухайлсан улсын албан тайлангуудыг үүсгэх, жилийн эцсийн хаалт эсвэл нээлтийн бичилт хийх зэрэгт.
Optional tags you may want to assign for custom reporting
Дансны Валют
Forces all moves for this account to have this account currency.
The 'Internal Type' is used for features available on different types of accounts: liquidity type is for cash or bank accounts, payable/receivable is for vendor/customer accounts.
Тулгалт зөвшөөрөх
Check this box if this account allows invoices & payments matching of journal items.
View Create Account in our Online Demonstration
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