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Hi, dear Odoo-ers, and welcome to this video on the chart of accounts.
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A chart of accounts is simply a list of all the accounts that a business uses to keep its records organized.
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Accounting software groups these accounts by their type, and while the names of those types might vary slightly from one software to another, they're generally similar.
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In Odoo, all account types are categorized according to the financial report to which they belong.
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Let's look first at the accounts that appear on the balance sheet.
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Equity accounts represent the financial ownership of a company.
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So these are used for shareholder accounts and retained earnings.
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Assets are what the company owns and can be categorized into subtypes like bank and cash accounts, current assets like accounts receivable,
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and fixed assets like property equipment and company vehicles, etc. etc. Liabilities are obligations a company owes,
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such as accounts payable, short and long-term loans, etc. And then for the profit and loss report, we have our income and expense accounts.
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Income accounts are where a company keeps track of the revenue coming in from its sales.
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And by using multiple income accounts, companies can track income from different sales channels or from different product categories to have a more detailed understanding of their revenue.
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Similarly, expense accounts are where a company keeps track of its expenses, whether that's due to external purchases, inventory loss, or internal expenses.
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Let's take a look at it in our Bloom database.
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So we'll open the accounting app and go to Configuration and Chart of Accounts.
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Now there are a few things to keep in mind about the charts of accounts.
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First, the chart of accounts can look slightly different depending on which fiscal localization a company uses.
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That's because the typical chart of accounts in Canada, for example, is different from the chart of accounts from Belgium, like we see here.
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However, a database may use a multi-company feature.
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It is possible to have multiple charts of accounts in one database, but there can only be one chart of accounts per company.
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But the same account can be mapped and belong to multiple companies, and accounts from multiple companies can be merged into one.
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Check out our multi-company and branch management video for more information on that.
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Within each company's chart of accounts, each account must have a unique code, a name, a type, and if it allows reconciliation.
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This enables the reconciliation of journal items that hit this account with open bank transactions.
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So now if we want to create a new account to track the income that we're receiving from our sales in Canada, we can go to our existing income accounts
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because the best way to create a new account is to duplicate an existing similar one.
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So in our case we'll take the 700 700 non-EU sales account.
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So we'll select that and go to actions duplicate and then we want to change this account name.
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So we'll click into it to open the account and we'll leave it as non-EU sales but then Call it Canada there.
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And note that Odoo automatically updated the code to ensure that it's unique.
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So here on the form view, we have additional options that weren't visible in the list view,
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such as the fiscal category and whether the account is active or not.
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One important thing to point out is that if no currency is specified on an account, it can be used with any currency.
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And if an account is managed in a different currency than the company's main currency,
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Odoo stores the foreign currency amount and then converts it into the company's currency for debit and credit purposes.
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Here in the Description tab, we'll update the account description to be Sales to Customers in Canada
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so that other users know when to use this account and select it on an invoice.
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So let's create an invoice to see what it looks like.
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We'll go back to our accounting dashboard
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and click on new in the sales journal
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and we'll select one of our Canadian customers like Garden D Canada
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and we can add a line
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because they want to buy some of our succulent arrangements
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so I'll add that and we'll see that the sales account here is starts as 700,000 and it's updated to 700,700.
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And then we can change it ourselves by clicking into it.
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And we see our new account here.
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And the description that we added earlier is visible here.
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So it helps us to select the correct one.
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Now, these accounts are all suggested because they're income accounts.
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But if we wanted to select another, we could simply click show more and select another account.
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But for now, we'll leave it as the 700701 non-EU Sales Canada account.
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Note that for vendor bills, it's the expense and fixed assets accounts that are proposed first.
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Now you know where to find the chart of accounts in Odoo
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and how to customize it to match your own chart of accounts.
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The chart of accounts is the foundation of many aspects of accounting, making it essential to set up correctly.
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Now we have that done, we can move on to the next topic.
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This has been your pal Dal, I'll see you in the next one.

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Vocabolario e note di pronuncia per questa lezione

Questa lezione di conversazione di livello C1 si basa sul video “Chart of accounts”. Le parole che ritornano più spesso: account, chart, sales, income, currency. Questo video contiene 57 frasi e 890 parole da ripetere con lo shadowing. Il parlato dura 5:36. Chi parla ha un ritmo naturale di circa 159 parole al minuto, vicino a una conversazione quotidiana. Il 86% delle parole rientra nelle 3.000 più comuni dell’inglese; conviene studiare le altre prima di iniziare.

Vocaboli chiave di questo video

Le 15 parole più avanzate del video, con pronuncia e significato:

ParolaPronunciaSignificato
categorize verbo/ˈkætɪɡəˌɹaɪz/categorizzare
invoice sostantivo/ˈɪnˌvɔɪs/fattura
duplicate verbo/ˈd(j)uː.plɪˌkeɪt/duplicare
reconciliation sostantivo/ˌɹɛkənˌsɪliˈeɪʃ(ə)n/ravvicinamento, riconciliazione
customize verbo/ˈkʌs.tə.maɪ̯z/customizzare, personalizzare
dashboard sostantivo/ˈdæʃˌboɹd/cruscotto
localization sostantivo/ˌloʊkəlɪˈzeɪʃən/localizzazione
receivable aggettivoricavabile, ricevibile
succulent aggettivo/ˈsʌkjələnt/sugoso
debit sostantivo/ˈdɛb.ɪt/addebito
shareholder sostantivo/ˈʃɛəˌhəʊl.də(ɹ)/azionista
merge verbo/mɝd͡ʒ/fondersi, unirsi
specify verbo/ˈspɛs.əˌfaɪ/specificare
vendor sostantivo/ˈvɛn.dɚ/venditore, venditrice
organize verbo/ˈɔɹɡənaɪz/organizzare

I phrasal verb che sentirai

ParolaPronunciaSignificato
check out verboinvestigare
point out verboadditare
set up verbo/ˌsɛt ˈʌp/preparare, installare

Pronuncia a cui fare attenzione

Chi parla usa 16 contrazioni e forme ridotte, come we'll, I'll, they're. Pronunciale nella forma breve, così come le senti.

  • I suoni “sh” e “zh”: reconciliation /ˌɹɛkənˌsɪliˈeɪʃ(ə)n/, dashboard /ˈdæʃˌboɹd/, localization /ˌloʊkəlɪˈzeɪʃən/, shareholder /ˈʃɛəˌhəʊl.də(ɹ)/, obligation /ˌɑ.blɪˈɡeɪ.ʃn̩/
  • Parole lunghe — attenzione all’accento: categorize /ˈkætɪɡəˌɹaɪz/, reconciliation /ˌɹɛkənˌsɪliˈeɪʃ(ə)n/, localization /ˌloʊkəlɪˈzeɪʃən/

I suoni difficili per chi parla italiano:

  • Consonante finale — senza aggiungere una vocale dopo: categorize /ˈkætɪɡəˌɹaɪz/, invoice /ˈɪnˌvɔɪs/, duplicate /ˈd(j)uː.plɪˌkeɪt/, customize /ˈkʌs.tə.maɪ̯z/, dashboard /ˈdæʃˌboɹd/
  • /æ/ — più aperta della “e”: categorize /ˈkætɪɡəˌɹaɪz/, dashboard /ˈdæʃˌboɹd/

Come esercitarsi con questo video

  1. Ascolta tutto il video una volta senza parlare e annota le parole che non conosci.
  2. Inizia a velocità 0,75×, fai shadowing frase per frase e torna alla velocità normale quando diventa facile.
  3. Registrati e confronta con l’originale, facendo attenzione a parole come categorize, invoice, duplicate.

Cos'è la tecnica dello Shadowing?

Shadowing è una tecnica di apprendimento delle lingue supportata da studi scientifici, originariamente sviluppata per la formazione dei traduttori professionisti e resa popolare dal poliglotta Dr. Alexander Arguelles. Il metodo è semplice ma potente: ascolti un audio in inglese di madrelingua e lo ripeti immediatamente ad alta voce — come un'ombra che segue il parlante con un ritardo di solo 1–2 secondi. A differenza dell'ascolto passivo o degli esercizi di grammatica, lo shadowing costringe il tuo cervello e i muscoli della bocca a elaborare e riprodurre simultaneamente i modelli di discorso reale. La ricerca dimostra che migliora significativamente la precisione della pronuncia, l'intonazione, il ritmo, il discorso connesso, la comprensione dell'ascolto e la fluidità del parlato — rendendolo uno dei metodi più efficaci per la preparazione alla prova di speaking dell'IELTS e per la comunicazione reale in inglese.

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