1 . What does it mean for a journal entry to be balanced?

It has the same number of debit lines and credit lines. It has the same amount of

debits and credits. It appears in both a customer invoice journal and a vendor bills

journal.Journal entries cannot be balanced.

2. The general ledger is
A list of all the customer invoices and vendor bills that haven't been paid. A list of

the income and expense accounts.A list of all the journal items grouped by their

journal entries. A list of all of the accounts and their debits and credits.
1 . How many Chart of Accounts can you have per company?
One per company, and one per database. As many as there are on the

database. One per company, but multiple per database.

2 . What happens if no currency is set on an account?
A currency must be set on an account. The account automatically defaults to the

company's currency if no currency is set. If no currency is set, the account can be

used with any currency.

3 . What happens if an account is managed in a currency different from the
company's main currency?
Odoo stores the foreign currency amount and then stores the converted amount as

the debit/credit in the company's currency. Odoo directly converts the amount into

the company's currency.Odoo directly converts the amount as the debit/credit in the

company's currency.
1 . What is recommended for accounts I do not need?
Delete the unneeded accounts. Deprecate the unneeded accounts. Archive the

unneeded accounts.
2 . I do not need the "Current Year Earnings" account. What can I do with it?
The account is Odoo-specific and should NOT be modified in any way. I can delete

or deprecate it, it is only for specific use-cases.I can modify and tailor it to my

specific business needs.

1 . What account should replace the bank account when importing a positive
(debit) amount?
The suspense account The outstanding payments account The outstanding

receipts account The cash account

2 . Which of the following processes is the best way to import open invoices and
bills?
Add each invoice or bill as one line in the import template with the remaining amount

to be paid as the total and import to the corresponding model. Add each line of each

invoice or bill as its own line in the import template so that the invoice or bill has all of

the details in Odoo and import to the corresponding model.Import invoices and bills

directly from the general ledger view by opening the action menu and clicking “Import

Invoice/Bill”.Combine them into one sheet, then import them through the Import

Wizard in the Accounting Settings.

3 . What's the purpose of replacing the receivable and payable accounts on the
general ledger with the clearing account?
It's impossible to import to receivable or payable accounts. By importing to the

clearing account, you don't have to import your open invoices or bills.It gives you an

entry to reconcile the opening bank transaction against. It avoids duplicating the

balance in the receivable and payable accounts when importing both the general

ledger and the open invoices and bills.

1 . If you create an invoice for Azure Interior with 1 product "Large Desk". What
are the journal items created?
2 Lines: Product Sales, Account Receivable 2 Lines: Product Sales, Account

Payable 3 Lines: Product Sales, Tax Received, Account Receivable 2 Lines:

Product Sales, Tax Received

2 . If an invoice has 2 different products, with the same tax. What will you get as
journal items?
1 Receivable, 2 Sales, 1 Tax 2 Receivables, 1 Sales, 1 Tax1 Receivable, 1 Sales,

2 Taxes
3 . In the journal items, what defines the amounts your customer owes you?
A debit in Account Payable A debit in Account Receivable A credit in Account

PayableA credit in Account Receivable

4 . Where can you define the default income account that is used on an invoice?
On the product, or the product category, or the journal On the product form, but not

on the product category or sales journal.On the newspaper only.

5 . What options could you add to an invoice to improve its structure?
Colors and notes Colors and sections Sections and notes
6 . Is it possible to select all "Draft" invoices and post them in one action?
Yes No
1 . In the Sales app, open S00007 from Gemini Furniture. You can see that the
Quantity, Delivered, and Invoiced values of some sales order lines are blue and
others are black. Why is that?
A blue line means that this sales order line is invoiceable. A black line means that

this product is invoiceable.A blue line means that the product has been delivered.A

blue line means that the products have already been invoiced.
2 . In Odoo, how can you create one invoice for multiple sales orders belonging to
the same customer and invoicing address?
From the sales order form view, click Create Invoice, then click Include additional

invoices and select the appropriate sales orders to invoice. From the sales order list

view, select multiple sales orders, click Actions > Create invoice(s), check

Consolidated Billing, and click Create Draft. From the invoice list view, click New,

then set the Type field to Batch, and select the appropriate sales orders to

invoice.Multiple sales orders cannot have one invoice in Odoo.

3 . Which of the following workflows will cause an Invalid Operation error when
creating an invoice from a sales order?
Creating a regular invoice when not all order lines are invoiceable. Creating a down

payment (percentage) invoice with a percentage over 100%.Creating a down

 payment (fixed amount) invoice with an amount greater than the amount remaining to

be invoiced. Creating a regular invoice when no order lines are invoiceable.

1 . How can you create a dedicated credit note sequence?
By posting the credit note in draft and re-writing the sequence. By enabling the

setting on the 'Customer Invoices' journal. By creating a specific 'Credit Notes'

journal.
2 . If you create a $100 credit note from a $100 invoice, what will the journal
entries look like?
$100 from the Income Account in the CREDIT column and $100 from the Receivable

Account in the DEBIT column. $100 from the Income Account in the DEBIT column

and $100 from the Receivable Account in the CREDIT column. The journal entries

remain unchanged when creating a credit note.The entries are the same as the

initial customer invoice journal entries.

3 . You invoiced a set of wine glasses and cutlery to a customer, but the glasses
arrived broken. You want to refund only the glasses. How do you do it?
Create an invoice with a negative amount and wire transfer the amount to the

customer. Bill yourself the glasses and wire transfer the bill amount to the

customer. Create a note from the invoice and remove the cutlery from the credit

note's products, then confirm it.

4 . You refunded only the set of wine glasses, the cutlery remains invoiced. You
have not received any payment from the customer yet for that invoice. The credit
note was created through the invoice, confirmed, and sent. What is the status of
the invoice related to that credit note?
In payment. Fully paid. Partially paid.
5 . When posting a credit note created from an invoice, what is the note
automatically reconciled with?
The payment of the credit note. With itself. With the invoice.
1 . In the journal items tab on a vendor bill, what defines the amount you owe to
the vendor?
 A credit in the Account Payable A debit in the Account PayableA credit in the

Account ReceivableA debit in the Account Receivable

2 . If a bill has two different products with the same tax. What are the journal items
created?
2 Payable, 1 Expense, 2 Taxes 2 Payable, 2 Expenses, 2 Taxes 1 Payable, 2

Expenses, 1 Tax
3 . When you add products to a bill, the account is automatically filled in as
"60000 Expenses". Why is this account selected by default?
This account comes from the vendor's payable account field in the accounting tab of

the vendor's contact record. This Expenses account comes from the customer's

payment account. Open the vendor's form and check the accounting tab to verify this

answer. The Expenses account is the Vendor Bill journal's default account. To verify

this answer, open the journal's form view from the Configuration menu.
4 . How can a vendor bill be created?
Manually, by adding a document to the calendar meetings. Manually, by uploading

a document, and by sending an email to an email alias. Automatically by sending an

email to the administrator of the database.

1 . What happens when you upload a PDF with multiple bills in Odoo?
Odoo automatically separates the PDF into the individual bills based on the

OCR. Odoo suggests where each bill should be separated but asks you to confirm

the separation. Clicking on the scissors button allows you to choose where to split

the PDF. Bills must be uploaded in separate PDF files.

2. What does the OCR do?
Recognize which texts on the bill belong in which fields in Odoo Predict information

based on past bills from this vendorAutomatically add any new fields present on the

bill that aren't in OdooAutomatically separate a PDF with multiple bills into individual

bills
1 . What aspects are affected by the Payment Terms?
 The due date. The due date, the payment conditions, and any payment

incentives. All the rules and guidelines the customer must agree to.The due date

and the taxes are applied to the invoice.

2 . Is it possible to customize your T&Cs related to a specific
invoice/order/quotation?
Yes, you can update the default T&Cs in the document when you create it. Yes, but

only if the modifications are related to minor changes.No, you have to modify the

default T&Cs.No, T&Cs cannot be updated.

3 . What are the different formats available for T&C on the invoice?
Text on the invoice and link to the webpage on the invoice. Text on the invoice and

QR code on the invoice.Link to the webpage on the invoice and QR code on the

invoice.
1 . What are “Outstanding” accounts used for?
Placeholder accounts used to mark unpaid invoices and bills for the aged receivables

and aged payables reports. They are transitory accounts used to reconcile the

registered payment with the invoice or bill until the payment can be reconciled with

the bank transaction. Transitory accounts used to reconcile the registered partial

payment with the invoice or bill until the full payment can be reconciled with the bank

transaction.
2 . When is an invoice or bill marked as “Paid” in Odoo?
When the full payment has been registered. When the full payment has been

registered and linked to that invoice or bill. When the full payment has been

registered and reconciled with the bank transaction.

3 . What is the purpose of the “Group Payments” option?
To have all invoices or bills under one single payment. To have only one payment

per partner instead of per bill. To group up bills by payment type.

4 . How does the “Register Payment” button on an invoice or bill differ from
manually creating a payment for that invoice or bill?
 The “Register Payment” button automatically reconciles the payment with the

invoice. The “Register Payment” button automatically creates a draft payment filled

out with the related information, but it must be posted manually.The “Register

Payment” button automatically reconciles the payment with the invoice and also

automatically reconciles it with the bank transaction.

5 . How can I bypass the need for bank transaction reconciliation in the case of
cash payments?
Set the “Outstanding Payments account” of the “Cash” journal to a 'cash' account and

select the “Cash” journal when registering a payment. Select the “Cash” journal

when registering a payment.Create a manual payment, set the journal to “Cash” and

then link that payment to the invoice or bill.

1 . When the Country field in the Configuration tab of a payment provider is
empty, this means that
This payment provider is not available for customers in any country. This payment

provider is available for customers in all countries. This payment provider is

available only for customers in the same country as the company.The payment

provider cannot be activated until the country field is populated.

2 . How can the message that is displayed in the customer portal when an invoice
is paid online be modified?
From the payment provider record, enter Studio and edit the message text. From

the customer portal, enter Studio and edit the message text. From the payment

provider record, open the Messages tab and edit the message text. This message is

not editable.
3 . What is the payment status of an invoice after being paid online?
Received PaidPaid online In payment
1 . What actions are available when defining a follow-up?
Email, SMS, letter. Email, SMS, voicemail, letter.Email, letter, fax.Letter, SMS,

voicemail.
2 . Can a customer's total overdue amount be checked?
Yes, in the Follow-up report section. Yes, in the Follow-up level section.No, it's not

possible to know the total amount but it can only be checked on individual invoices.
3 . Where can the content template for follow-ups be selected?
In the Follow-up levels configuration form. In the general accounting

configurations.In the Follow-up report form.

1 . If you have a 2% cash discount on a 1000.00€ invoice and the “Reduced Tax” is
set to “Always”, what will be the base for the tax?
1000.00€ 980.00€ 1000.00€ or 980.00€ depending on if the customer paid early
2 . How can the customer know about the payment terms and the cash discount?
Both parties agreed upon payment terms before the quotation. The payment terms

are written on the quotation. The payment terms are written on the invoice.
1 . What does the Bank Suspense account do?
It temporarily holds a balance between making/receiving a payment and reconciling it

with a bank transaction. It balances the journal entries of any transfers made from

one bank or cash account to another. It temporarily holds a balance between

creating a bank transaction and reconciling it. It suspends all journal entries in the

bank journal until after the all-user lock date.

2 . Is the Account number (IBAN) field required on a bank journal?
Yes. No, but the field is required to generate payment files such as SEPA and

NACHA. Yes, but only for the Belgian localization.No, and the field must be left

blank to allow multiple bank accounts to be used with one bank journal.
3 . What is the purpose of creating multiple Outstanding Receipts and
Outstanding Payments accounts?
It allows you to configure each bank/cash journal with its own Outstanding Receipts

and Outstanding Payments account to eliminate confusion. It allows you to have

multiple bank/cash journals.It allows you to skip bank reconciliation.It is not possible

to create multiple Outstanding Receipts and Outstanding Payments accounts.

1 . How can I automatically import bank transactions in Odoo?
 By linking my bank account to Odoo via the settings. It can only be done with a

third-party add-on.By activating the option in “Settings”.

2 . How can I import my bank transactions?
I have to manually scan them, and then upload a bulk PDF. I can import my

statements from the “Bank” journal. I can specify a folder on my PC Odoo

periodically scans and downloads new statements when it detects new files.
3 . I just loaded my bank file, what can I do before importing it on Odoo?
I can preview what it will look like once imported. I can select other bank statements

to upload all at once. I can set fields correlating to information contained in my file.
1 . Odoo automatically fetches bank transactions every 12 hours. What can you
do if you want to fetch bank transactions earlier?
Import the bank transactions as a CSV (or other format) file. Change the frequency

at which Odoo fetches bank transactions to a shorter time in the settings. Click the

“Fetch transactions” from the “Bank” journal.

2 . What do blue highlight lines mean in the transaction view?
Matching suggestions based on the amount, partner, or reference. They represent

batch payments and batch open items.They represent transactions and items

marked as “To Check”.Matching suggestions based on early payment discounts.

1. Leaving the “Payment Tolerance” field unchecked on a reconciliation model of
type “Rule to match invoices/bills” will
Only match the transaction with invoices/bills that have the exact same

amount. Allow you to select a percentage for the tolerance between the transaction

and the invoices/billsAllow you to select an amount for the tolerance between the

transaction and the invoices/bills Match the transaction with invoices/bills regardless

of their amount.
2. How can you review all bank transactions that were previously marked as “To
check” during the reconciliation process?
 By clicking on the “X to check” link on the bank journal from the Accounting

dashboard By opening the reconciliation view and clicking on the “To Check”

buttonBy going to Reporting > To CheckOnly users with “Accountant” access rights

can review them by going to Reporting > To Check

1. What kind of transactions are credit transfers?
Outgoing IngoingSingleMultiple
2. In Odoo, how can you handle multiple payments at once?
Through the “configure all” setting. Through the “batch payment”

function. Through the “bill periodicity” function.You can’t handle more than one

payment at a time.
1. What must be set on the journal for the mandates to be used?
A mandate identifier The currencyAn outstanding payments account A bank

account number
2. To create an SDD mandate for a B2C customer, which SDD scheme must you
use?
CORE B2BB2CEU
3. What happens if a customer does not have enough funds in their account?
You get a notification from Odoo on the dashboard. You receive a transaction with a

negative amount. The bank will decline the transaction.

1. How can you set a rounding method for invoices or bills?
By selecting the rounding method on the invoice or bill in the “Total” field. By

selecting the rounding method in the chart of accounts. By selecting the rounding

method in the general settings.

2. How can you restrict a tax to goods or services only?
By determining a tax scope. By determining a tax type.By creating a specific tax

for goods or services and setting it on the product template.

3. You have two taxes on your invoice. The second tax must be calculated after
the first tax. How can you enable that in Odoo?
 Configure the tax sequence so the second tax comes after the first in the tax

settings. Enable “Affect Base of Subsequent Taxes” on the first tax and set the tax

sequence so the second tax comes after the first in the tax settings. Add the tax

manually in the “Tax” field on the invoice.

1. What is the purpose of the cash basis transition account?
To transition balances from one company’s tax accounts to another in a multi-

company environment. To temporarily hold the tax balance between the invoice

confirmation and payment To balance unbalanced journal entries without tax

accounts.
2. Unlike standard taxes, cash basis taxes appear on the tax report
When sales are confirmed. When invoices are confirmed. When invoices are

paid. Only if payments are made in cash.

1. In Odoo, what is a fiscal position?
It is a list of all my currently activated taxes. It is a set of rules that applies specific

taxes according to the location and business type of my partner. It is a registry of all

applicable taxes per country.

2. How can I configure Odoo to automatically apply a fiscal position?
Adding different taxes within the product’s form. Check “Detect automatically”, and

select the country or country group to which that fiscal position should

apply. Populating the “Account” field within the invoice.

3. How can I configure my profit and loss report to separate my expenses from
Belgian vendors versus non-Belgian vendors?
Use separate expense accounts for each and use fiscal positions to map the expense

accounts based on location. Create separate locations under Accounting >

Configuration > Locations and select “Profit and Loss” in the “Reports” field. On the

Profit and Loss report, select the “Group by location” checkbox.On the Profit and

Loss report, select the “Group by fiscal position” checkbox.

4. I have first added products to my new invoice and then populated the
“Customer” or “Vendor” field, yet the tax is incorrect. Why?
Fiscal positions only apply to services. The tax must be configured in the product’s

form, and the fiscal position will be computed when confirming the invoice. The

“Customer/Vendor” field or “Fiscal Position” field in the “Other info” tab must be

populated before you add a product.

1. On what does the automation of the tax closing entry depend?
On the “Tax return” lock date set for that company. On the fiscal localization

installed on the database. On the configured ‘payable’ and ‘receivable’ tax current

accounts.
2. If I generated a tax report entry but did not post it and then posted a bill initially
in a draft state, how can I reflect this new bill in my unposted tax report?
The tax report is automatically updated in the background of Odoo. Once

generated, the tax report can no longer be changed, the bill will be postponed to the

tax report of the next fiscal period. Hit the “Refresh” button on the tax report.
3. What is the optimal lock date order to avoid errors and unintended changes to
the entries?
“All Users”, “Journal Entries”, and “Tax Return” lock dates. “Journal Entries”, “All

Users”, and “Tax Return” lock dates. “Tax Return”, “Journal Entries”, and “All Users”

lock dates.
1. What does the "Affect Base of Subsequent Taxes" option do when activated on
a tax?
The current tax will be added to the base on which the next tax (listed after the

current one in the taxes' list) will be applied. The next tax (listed after the current

one in the taxes' list) will be added to the base on which the current tax will be

applied.The amount of the tax will be included in the price.It will summon an army of

minions.
2. Why is the order of the taxes' list crucial?
 It defines the order in which the different taxes are displayed on the invoices,

between the subtotal and the total. It defines in which order the taxes are

computed. It is not crucial; it only allows us to keep our list well organized.Because

taxes that affect the base of subsequent taxes and that are mapped in Fiscal

Positions need to be next to each other for them to be correctly applied when you

create a new invoice for a customer based abroad or taxed differently.

1. Which of the following is not a depreciation method in Odoo?
Straight line Declining Straight line then declining Declining then straight line
2. Which computation method allows the most precise tracking of asset
depreciation?
No Prorata Constant Periods Based on days per period
3. How are assets grouped on the Depreciation Schedule?
By the assets’ Fixed Asset Account By the assets’ Depreciation AccountBy the

assets’ JournalBy the assets’ Acquisition Date

1. What types of accounts can automate asset creation?
Only current assets, non-current assets, prepayments, and fixed assets Only non-

current assets, prepayments, and fixed assets Only non-current assets and fixed

assets Only fixed assets

2. Which field of an asset can be set by selecting an asset model?
Original value Acquisition dateNot depreciable value Duration
3. What does selecting the Manage Items checkbox on a fixed or current asset
account do?
Generates multiple asset items depending on the bill line’s quantity instead of one

global asset Creates consignment products out of the assets to easily manage

reselling consignment inventoryOpens a wizard that allows you to manage the item

receipt with lots/serial numbers, quantity, and valuationAllows you to send the

assets through a quality control flow to ensure assets are valued appropriately
1. How can I register deferred revenue?
 By using the “Deferred Revenue” model under “Configuration” and selecting the

related account(s) when creating an invoice or bill. Enter a “Start Date” and “End

Date” through the ‘toggle’ menu on an invoice or bill. By creating and using a

“Deferred Revenue” account.

2. What is the requirement to access the “Cut-off” button?
Have it enabled in the “Settings”. The account used must either be of the “Expense”

or “Income” type. Have a different “Bill date” and “Accounting date”.

3. What is the condition for creating accrued entries for multiple bills at once?
They must be from the same partner. They must use the same account. They

must be of the same type (e.g., bills or debit notes).

1. What information do you need to enter into the Odoo database settings to
connect the AvaTax account to Odoo?
The AvaTax exemption certificate and tax return code. The AvaTax tax

codes. The AvaTax account number and License Key. The AvaTax username and

password.
2. When does AvaTax NOT automatically calculate the tax?
When a quotation is confirmed into a sales order. When you validate a delivery

order. When you validate a draft invoice.When a customer views their subscription

in the customer portal.

3. Which addresses does AvaTax use to calculate tax?
The Company address and the customer’s address. The warehouse address and

the customer’s address.The Company address and the warehouse address.Only the

customer’s address.
1. What do analytic distribution models do?
They help to define the report layout for analytic items and save it as a

template. They automatically apply a specific analytic distribution based on defined

 criteria. They define the default applicability of an analytic plan.They create a

parent/child hierarchy in analytic plans when a more complex structure is required.

2. 2. Where can you find analytic entries?
By going to Reporting > Balance sheet. By going to the general settings.By going

to the Accounting dashboard. By going to the Accounting menu > Analytic items.
1. In order to manage your budget, you need to
Wait until the end of the period so all the information is accurate and complete Set

up analytic accounts first to structure and filter your budget Use a financial advisor

to help you.
2. The committed amount is the sum of the lines on any confirmed sales or
purchase order that have not yet been invoiced or billed, and
The theoretical amount. The achieved amount. The budget amount.
3. Why would a line in a purchase order appear in red?
The line on the PO still needs to be paid to your vendor. The vendor does not have

enough stock and will not be able to deliver the product. If confirmed, this PO line

will exceed the budget.

1. If I have a main company with branched linked to it, when is the closing date of
the fiscal period?
There is a common fiscal period handled by the main company, and it applies to all its

branches. The main company and each branch all have their own fiscal period

closing date.The main company handles its own fiscal period, and all its branches

have a separate common fiscal period.

2. Is it possible to have the main company in one country and branches of it in
other countries?
Yes, as they all operate independently. The branch feature allows access from the

main company to records related to its branches. No, the main company and its

branches must be in the same country to avoid accounting inconsistencies. Yes, but

it requires extra accounting work as they all operate under different fiscality rules.
3. What can differ between the main company and its branches?
 Branches must use the same chart of accounts, taxes, main currency, and journals

as the main company. Contacts can be branch or company-specific. Branches must

use the same chart of accounts, taxes, and journals as the main company. The main

currency and contacts can be branch or company-specific. Branches must use the

same chart of accounts, taxes, and main currency as the main company. Branches

can, however, create branch-specific journals.

1. You noticed the wrong account was used while checking the journal report.
How can you change the account to the correct one?
Tick the entries to change, click on the account, and change it to the correct

one. Individually change the account on the invoices/bills impacted.Create

additional invoices/bills but with the right account.

2. How can you quickly access the entries from a specific account from the
journal report?
By drilling down on the journal, and then clicking on the account to view its

entries. By drilling down on the journal, they are displayed underneath in a

hierarchical fashion.By clicking “Accounts” underneath the “Journal report” in the

“Reporting” dropdown menu.

3. How can you compare two periods of the balance sheet?
By selecting “Split Horizontally” in the additional options button. By selecting a

period in the “Comparison” section of the balance sheet. By selecting a period in the

“History” button, Odoo automatically displays the amounts of the two periods side-by-

side.
1. What are the three costing methods in Odoo?
FIFO, LIFO, AVCO FIFO, FEFO, AVCOFEFO, AVCO, Standard FIFO, AVCO,

Standard
2. What is the difference between manual and automated inventory valuation?
 In manual, accountants must make periodic journal entries to update the value of the

inventory account, but in automated, they do not. In manual, users have to manually

validate deliveries and receipts of products each time products enter and leave the

warehouse, but in automated, they do not.In manual, users have to manually

validate customer invoices and vendor bills, but in automated, they do not.In

manual, accountants have to make periodic inventory updates to match the value of

the inventory account, but in automated, they do not.

3. Product A uses the standard cost costing method and has a cost of €12 on its
product record. If one unit is purchased at €10 and two units are purchased at
€16, what is the total value of Product A?
€13 €36 €39€42
1. When are the costs of goods sold registered in the P&L for continental
inventory valuation?
At the end of each period. At receipt of goods. At the end of the fiscal year.
2. 2. In continental, what should an accountant periodically do?
If the goods are not sold immediately, no action is required since they will appear on

the Profit & Loss statement. b. If the goods are not sold immediately, the accountant

must make sure that they are recorded in the inventory. c. If the goods are not sold

immediately, the accountant must add them to the balance sheet.

1. Where can the COGS account be set?
The Expense Account field on the product record The Expense Account field on the

product category recordThe Expense Account field on the Vendor Bills journal

record All of the above

2. When is the cost of goods sold (COGS) recognized when using Anglo-Saxon
inventory valuation?
When the sales order to the customer is confirmed When the invoice to the

customer is confirmed When the purchase order to the vendor is confirmedWhen

the vendor bill to is confirmed

1. When are Realized Gains/Losses exchange difference entries generated in
Odoo?
After the payment is registered. When a currency rate is updated.When an invoice

or bill with a foreign currency is created.

2. How can I automate the currency type of a bill based on the vendor?
By defining a currency in the “Supplier Currency” of the vendor’s form. By defining a

fiscal position in the vendor’s form.By defining an address in the vendor’s form.
3. When creating or importing a bank statement, where can I find the “Amount
Currency” and “Foreign Currency” fields?
They must be enabled in the accounting app settings. By clicking on the ⋮ button

and checking both fields. They are automatically added based on bills containing

the same “Partner” in the “Partner field”.

1. What must I do upon setting a closing date for the fiscal period in my
Unrealized Gains/Losses report?
Set a reversal date on the first day after the closing. Nothing, everything is

automatic.Set the Unrealized Gains/Losses as “Realized”.

1. Why is a proper closing of the fiscal year necessary?
To ensure a correct issuance of the financial statements. To make sure our chart of

accounts is updated.To follow up on our customers' payments.

2. Where can I check the amount of unallocated earnings once I’ve closed the
fiscal year?
On the Balance Sheet, with the period set on “Last Financial Year”. On the Profit

and Loss Statement, set on “End of Last Financial Year”. On the Balance sheet, set

on “End of Last Financial Year”. On the Profit and Loss Statement, set on “Last

Financial Year”.On the Profit and Loss Statement, set on “Last Financial Year”.