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Is OpenERP no sturdy enough for accountants?

odimegwu david
on 7/25/13, 7:13 AM 2,260 views

I've read in some forums that openerp is not good enough for accounting but for something else. is this true, at fair value? Please, do help. i want to use it mainly for accounting but CRM functions will be applied with time. thanks


Ray Carnes

--Ray Carnes--
| 9 7 9
Greater Los Angeles, United States
--Ray Carnes--

Senior Odoo Analyst

OpenERP 6.1, 7.0 and Odoo 8.0, 9.0 (Since 2012)

Completed Functional and Technical Training.

Major Skills:

  • Needs Discovery and Requirements Analysis;

  • Function and Technical Specifications;

  • Project Planning;

  • Prototyping and Proof of concepts;

  • Data migration;

  • Configuration & Customization (UI and modules);

  • Integration - data, business logic and service levels;

  • Training and Knowledge transfer;

  • Go Live support;

  • Help desk;

  • Version Migration.

I have over 20 years of experience empowering and enabling users with enterprise information systems that make a real and measurable difference in their ability to proactively manage their businesses and organizations. 

Ray Carnes
On 7/25/13, 1:59 PM

Every technology has Pros and Cons. Also, 'Accounting' means different things to different people, and there are different requirements influenced by standards and legislation in your region of the world; the type of industry you are in; the company you work for; and the skills and philosophies of the Controller/CFO/Accounting team/Payments team. Are you also doing stock accounting? (Valuing work in progress etc?).

We have had good experience in the USA with our clients, although OpenERP isn't GAAP compliant. All of our clients have been able to be successful with the Accounting module without major issues.

Hi Ray, How do you do stock accounting & Valuing work in progress etc that are very obvious for US? I am actually in need of this feature

on 7/25/13, 2:17 PM

We actually shared the details of our methodology via a webinar. The slides and recording are available at http://www.ursainfosystems.com/webinar

Bista Solutions US, Ray Carnes
on 7/25/13, 4:33 PM

I am thinking of everyday accounting, especially where it concerns bookkeeping and double entry. I really do not want to look elsewhere. I like the software but where it does not perform as to expectations, then one might have to start reinventing the learning curve. only time will tell. I think I will hop over to launchpad and report an invoice payment problem. I think it's a bug but something not really expected. Thanks Ray.

odimegwu david
on 7/25/13, 4:41 PM

something as basic as this: http://help.openerp.com/question/701/how-to-reconcile-one-payment-for-3-invoices/. a customer invoice in open state is not even editable on my client. I opened a ticket for it. http://help.openerp.com/question/25811/what-did-i-do-that-was-wrong-or-failed-to-do/. I wish it's not real.

odimegwu david
on 7/25/13, 4:46 PM

Yes - paying an Invoice works. Check out this document to understand how to set things up properly - http://media.readthedocs.org/pdf/openerp-61-documentation/latest/openerp-61-documentation.pdf

Bista Solutions US, Ray Carnes
on 7/25/13, 5:47 PM

downloaded the file. hope it's a problem my end. googled for answers extensively. thanks

odimegwu david
on 7/25/13, 5:57 PM

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Asked: 7/25/13, 7:13 AM
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Last updated: 3/16/15, 8:10 AM