Hello,

I am attempting to get Odoo set up for a small manufacturing startup and I am in need of some advice on the accounts pertaining to the products we both purchase and sell.

Below are the two product categories that I set up and the account that I setup for them. I am unsure however if I structured them correctly, and I don't have access to an accountant at the moment to ask. Any advice that you could offer would be much appreciated, trying to learn as we go is a daunting process.

Inventory - Components
Account Properties

• Difference Account = Gross Profit
• Income Account = Sales
• Expense Account = Inventory Purchased

Account Stock Properties

• Stock Input Account = Inventory Purchased
• Stock Output Account = Cost of Goods Sold
• Stock Valuation Account = Inventory on Hand - In Progress

Inventory - Finished Goods

Account Properties

• Price Difference Account = Gross Profit
• Income Account = Sales
• Expense Account = Inventory Manufactured

Account Stock Properties

• Stock Input Account = Inventory Manufactured
• Stock Output Account = Cost of Goods Sold
• Stock Valuation Account = Inventory on Hand - Finished Goods