Odoo is the world's easiest all-in-one management software.
It includes hundreds of business apps:
while entering Bank statement in bank why there is no Credit - Debit options? how can match entry with my actual bank statement for Credit Debit side ? I am aware of Reconciliation but can anybody please explain in detail how reconciliation works and how it manage credit debit side in bank statement.
thanks in advance
To expand on James' answer, please see https://www.odoo.com/forum/help-1/question/v14-change-in-payment-behavior-how-do-the-suspense-and-outstanding-payment-accounts-change-the-journal-entries-posted-177592
thanks that clear some thing up
The Credit and Debit option is automatic depending on the type of transaction either outgoing or incoming.
E.g. if you have a purchase of $96.67 at Walmart on your Credit Card and write off the transaction to 611200 - Supplies
Odoo will create a Journal Entry for:
620000 Bank Fees Debit: $96.67
Bank COA Credit: $96.67
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