In this video, learn about the Odoo Accounting interface and basic accounting concepts necessary to follow this series.
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1.
What do fiscal localizations do?
They allow you to map taxes and accounts based on the customer or vendor.
They ensure that your database meets all of your country’s accounting requirements and norms.
They create journal entries to incorporate the price of customs duties and fees into the cost of products.
They automatically reconcile your bank transactions with the appropriate invoice or bill.
2.
What does it mean for a journal entry to be balanced?
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