Odoo Help


This community is for beginners and experts willing to share their Odoo knowledge. It's not a forum to discuss ideas, but a knowledge base of questions and their answers.


What is meant by analytic accounting?

Kevin Kelley
on 2/18/14, 4:14 PM 848 views

What is meant by "analytic accounting"?


Openies Services

--Openies Services--
| 2 2 4
Vadodara, India
--Openies Services--

We provide Odoo Services.

Contact us on : contact@openies.com

Openies Services
On 2/18/14, 4:37 PM

Analytic Accounting is using for tracking costs and revenue in OpenERP. In OpenERP we can have budgeting and make future plans for financial sources and track down of cost based of particular phase. Analytic Accounting is also track financial sources of Project Management.

For example :

If you want to make budget of Project you have to use analytic accounts. Suppose We have budget of 8,00,000 for a project we can devide it like this :

Analysis: 2,00,000, Design : 2,00,000, Development : 2,00,000 Testing : 2,00,000

Like wise we can track a cost and manage budget of particular phase. Same as we can track a work hours of employee in timesheet using Analytic account.

Michael Watchorn
On 2/18/14, 5:44 PM

Your accountant has a General Ledger with various accounts (Creditors, Taxes Paid, Revenue, Expenses...) however that's not very useful for project managers, who would rather group costs (as an example) on a per project basis. What Analytic Accounting (I've also seen it described as Cost Accounting or Management Accounting) does is allow people out-side of the accounting department to group costs or revenues into bundles that are more useful for them. These Analytic accounts are still related back to an entry in the General Ledger but they are more granular and flexible in their name, description and use, making them more useful to managers.

Your Answer

Please try to give a substantial answer. If you wanted to comment on the question or answer, just use the commenting tool. Please remember that you can always revise your answers - no need to answer the same question twice. Also, please don't forget to vote - it really helps to select the best questions and answers!

About This Community

This community is for professionals and enthusiasts of our products and services. Read Guidelines

Question tools

1 follower(s)


Asked: 2/18/14, 4:14 PM
Seen: 848 times
Last updated: 3/30/15, 10:01 AM