From the type list that you see on the Chart of Account ("Bank and Cash", "Current Assets", etc.), can it be modified? I would like to either rename "Other Income" to "Other Income & Expenses" or create a new "Other Expense" type.
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You cannot.
These types are hardcoded and the entire logic of the Accounting system relies on new types not being added.
Instead, research how to customize the financial reports:
https://www.odoo.com/documentation/18.0/applications/finance/accounting/reporting/customize.html
