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How to manage the accounting in multi company environment in Odoo (formally OpenERP) 8.0 ?

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Dasadiya Chaitanya

I need for help to configure chart of accounts and financial transition entry which we have made for each parent and its child company for every financial years.

What are the configuration we will make to do into accounting for multi company environment and how we are differentiate the financial transitions of parent and its related child companies ?

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john
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In Odoo 8.0, managing accounting in a multi-company setup requires each company to have its own Chart of Accounts, journals, and fiscal settings. You can enable multi-company mode under Settings → Users → Companies, then assign specific users to the companies they handle. Transactions, reports, and journals stay isolated unless you configure consolidated reporting.

At Ledger Labs, we recommend keeping inter-company transactions automated through proper journal mapping and consistent account structures—it helps maintain accuracy and saves time during reconciliation.

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