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Accounting basics
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- Quiz
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- Quiz
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Invoicing
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Payments
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- Bank and cash
- Taxes
- Accounting management
- Reporting
- Inventory valuation
- End of period
Bank configuration
Learn how to configure your bank on Odoo.
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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?
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.
