ODOO'S FUNCTIONS

In Odoo, the display name of the ledger account "<Code> - <Ledger Account Name>" lacks standardization, as it does not consistently maintain the same number of digits.

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In accounting practice, a common approach involves using "0" digits to establish a consistent number of digits in the ledger account code. For instance, the ledger account 111 becomes 111000 to maintain a standardized six-digit format.

With Cluedoo, you have the flexibility to input the exact code in the "Code" field without additional zeros. This allows for easy readability of your ledger account level, such as 111, while the accountant interprets it in the standard format as 111000. This approach provides clarity for advisers constructing the chart of accounts with hierarchy and ensures ease of use for accountants.

CLUEDOO RECOMMENDATION

Install on all integrations within the Accounting app. The related module is the Parent Account, facilitating the construction of a hierarchized chart of accounts.

This concept of level and hierarchy, absent in Odoo Standard, is particularly significant for reporting, business intelligence, and consolidation purposes.