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What is the difference between general journal and adjustment journal in Odoo 14?

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Autorius

Hello
I'm trying to learn odoo

Autorius Best Answer

thanks for the help answer

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In Odoo 14, the general journal and adjustment journal are two different types of journals used for different purposes.

  1. General Journal: The general journal in Odoo 14 is used to record day-to-day financial transactions such as payments, receipts, purchases, and sales. These transactions are usually entered in the general journal in chronological order, with each entry representing a single transaction. The general journal can be used to record transactions that do not fit into any of the other specialized journals, such as the sales journal, purchase journal, or cash receipts journal.

  2. Adjustment Journal: The adjustment journal in Odoo 14 is used to make adjusting entries to the accounts at the end of an accounting period, such as at the end of a month or a year. These adjustments are necessary to ensure that the accounts accurately reflect the company's financial position and performance. Examples of adjusting entries include accruals, prepayments, depreciation, and allowance for doubtful accounts.

The main difference between the general journal and adjustment journal is their purpose. The general journal is used for day-to-day financial transactions, while the adjustment journal is used for making adjusting entries at the end of an accounting period.


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how do we make adjustment journal? i mean, the step by step guide

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thanks for help